Vivendi exceeds 4 billion euros revenues in first quarter of 2024. A jump of 5,4% compared to the previous year thanks to the performance of Lagardère (entered the French giant's orbit last year). Despite the positive results, the title Vivendi in Paris recorded a slight increase drop by 0,85% % s 9,78 euros. But Yannick Bolloré and Arnaud de Puyfontaine, respectively chairman of the supervisory board and chairman of the management board of Vivendi, are optimistic about the group's future: “We look to 2024 with confidence, despite a tense macroeconomic context. The feasibility study for the split project announced on 13 December 2023 is progressing – they added -. We will continue to keep the market informed."
Revenue boom in the first quarter of 2024
In detail, the French media company closed the first quarter of 2024 with revenues of 4.275 million euros, with an increase of 5,4% compared to the same period of 2023, mainly thanks to the performance of Lagardère (+8,9%). According to the Vivendi leaders “also Canal+ Group e Havas recorded solid performances, with an increase in revenues of 4,3% and 6,2% respectively compared to the same period”. In detail, the Canal+ Group has strengthened its global presence through a series of actions, including the increase in stakes in Viu and Viaplay and the launch of a takeover bid with the intention of acquiring all the issued shares of MultiChoice Group , Africa's leading pay-TV operator in English- and Portuguese-speaking countries.
Vivendi's demerger plan proceeds
Vivendi is considering splitting its businesses into four distinct companies, with a plan that could be presented to shareholders as early as 2025. This plan envisages that Canal+ Group, Havas and the division that manages the publishing and distribution assets will become independent entities listed on the stock exchange, allowing them to operate autonomously and to have greater flexibility in the market. Vivendi would remain listed on the stock exchange as an investment company, maintaining its role of financial support to subsidiaries and continuing to actively manage its investments.
Vivendi continues its battle against the agreement between Tim and KKR
Meanwhile, the challenge carried out by Vincent Bolloré against continues the agreement between Tim and Kkr, whose completion is expected by the summer. Thank you to Vivendi's abstention, main shareholder of the Italian operator, Pietro Labriola has been confirmed for another three-year mandate. During the shareholders' meeting, the CEO of the French giant reiterated that he had started alegal action against the board's resolution regarding the sale of the fixed network and the intention to assert legitimate rights as shareholders.
