Vivendi 1st Half Earnings, Revenue Rose
28 Julho 2021 - 1:43PM
Dow Jones News
By Joshua Kirby
Vivendi SE said Wednesday that net profit increased in the first
half of the year, as revenue rose across business divisions.
The French media conglomerate made an adjusted net profit of 724
million euros ($855.6 million) in the period, up 24% from the first
half of 2020. Revenue came to EUR8.2 billion, rising 12% at
constant currency. The second quarter experienced an acceleration,
with revenue rising 17% on year.
All business divisions posted higher first-half revenue,
including by 17% at Universal Music Group and 42% at publisher
Editis, which was hit particularly hard by the pandemic last year,
Vivendi said.
Group earnings before interest, taxes and amortization rose 45%
to EUR1.07 billion, while earnings before interest and taxes
increased 47% to EUR973 million.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
July 28, 2021 12:34 ET (16:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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