Vivendi Provides Outlook On Canal+, Havas
Nov 18 (Reuters) -Vivendi SE VIV.PA:
VIVENDI: UPDATE ON THE SPIN-OFF PROJECT
CANAL+ EXPECTS REVENUE GROWTH FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2024 TO BE BROADLY IN LINE WITH THAT OF THE YEAR ENDED 31 DECEMBER 2023
CASH FLOW FROM OPERATIONS (“CFFO”) IS PROJECTED BY CANAL+ TO RETURN IN 2025 TO A LEVEL SIMILAR TO THAT OF 2023
IN THE MEDIUM TERM CANAL+ EXPECTS ADJUSTED EBIT (EBITA)1 MARGIN AT CONSTANT SCOPE OF CONSOLIDATION TO CONTINUE TO IMPROVE MODERATELY
POTENTIAL FINALISATION OF THE PENDING MULTICHOICE CONTROL ACQUISITION WOULD SIGNIFICANTLY IMPACT THE FINANCIAL PROFILE OF THE GROUP IN THE MEDIUM-TERM IN AFRICA AND OVERALL
HAVAS FY EBIT IS EXPECTED TO BE IN EXCESS OF €330 MILLION
CHANGE IN HAVAS' ORGANIC NET REVENUE IS EXPECTED TO BE BETWEEN -1.0% AND 0% FOR THE YEAR ENDING DECEMBER 31, 2024
FOR THE YEAR ENDED DECEMBER 31, 2025, HAVAS IS TARGETING NET REVENUE GROWTH ON AN ORGANIC BASIS IN EXCESS OF 2.0%
HAVAS TO TARGET YEARLY DIVIDEND PAYMENT IN 2025 AROUND 40% OF NET INCOME, GROUP SHARE, FOR THE 2024 FINANCIAL YEAR
MANAGEMENT BOARD WILL SUBMIT TO SUPERVISORY BOARD DIVIDEND ENSURING RETURN OF APPROXIMATELY 1.5%
HAVAS: FOR THE YEAR ENDING DECEMBER 31, 2024, ADJUSTED EBIT IS EXPECTED TO BE IN EXCESS OF €330 MILLION
Source text: [https://tinyurl.com/nhfrwh62]
Further company coverage: VIV.PA
(Gdansk Newsroom)
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