HALISTER: Vivendi 1Q Rev. Misses Est.; Unfavorable Tax Effect Hits Net

Vivendi 1Q Rev. Misses Est.; Unfavorable Tax Effect Hits Net

(Bloomberg) -- Vivendi 1Q revenue unchanged, down 1.4% at constant FX, to EU2.49b vs est. EU2.53b; says saw strong growth in streaming and subscriptions for Universal Music Group.
  • Says difficult situation for Canal Plus channels in France offset by Canal Plus’s other operations
  • 1Q Ebita down 2.5% to EU213m vs est. EU176m; up3.6% at constant FX
  • 1Q adj. net income down 27% to EU99m vs est. EU100.6m
    • Says ex unfavorable tax impact of EU41m, adj. net income was EU140m
  • NOTE: see preview published yday here
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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VIV FP (Vivendi SA)

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