Report
Jerôme Bodin

Vivendi : What to expect from Q1 sales, the AGM and over the coming months?

>Q1 sales to show a slowdown, not surprisingly, and AGM set to reactivate share buybacks - Vivendi is due to hold its 2020 AGM and report its Q1 sales on Monday 20 April. We forecast growth of 4.6%, with a slowdown in growth at UMG (physical sales) but a resilience showing from streaming sales. The AGM will be an opportunity for the group to obtain authorisation from shareholders to acquire up to 40% of the capital. This note provides an update on our scenario for th...
Underlying
Vivendi SE

Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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