Vivendi 4Q Revenue Fell; 2020 Profit Falls
By Mauro Orru
Vivendi SE said Wednesday that revenue for the fourth quarter
fell year-on-year, although its top line for the year increased
amid growth at its Universal Music Group, Canal+ Group and Editis
The French media giant posted fourth-quarter revenue of 4.49
billion euros ($5.43 billion) compared with EUR4.58 billion in the
fourth quarter of 2019.
Despite the year-on-year fall, the result represents an organic
increase of 0.7%.
For the full year, Vivendi said revenue climbed to EUR16.09
billion from EUR15.90 billion, up 1.2% year-on-year but marking an
organic decline of 0.6%.
Adjusted earnings before interest and income taxes, or Ebita--a
non-GAAP measure excluding most non-recurring and non-operating
items from the measurement of the business segments'
performances--rose to EUR1.63 billion from EUR1.53 billion.
Net profit for the year fell to EUR1.44 billion from EUR1.58
Analysts had expected 2020 revenue of EUR15.99 billion, Ebita of
EUR1.59 billion and net profit of EUR1.24 billion, according to
"Vivendi continually monitors the current and potential
consequences of the crisis. It is difficult at this time to
determine how it will impact Vivendi's results in 2021," the
company said in a statement.
Write to Mauro Orru at email@example.com; @MauroOrru94
(END) Dow Jones Newswires
March 03, 2021 12:41 ET (17:41 GMT)
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