Vivendi sees Canal+, Havas 2024 revenue growth broadly stable
Corrects paragraph 4 to say Vivendi will propose 1.5% return, not Canal+
Nov 18 (Reuters) -French media group Vivendi VIV.PA on Monday announced guidance ahead of a market day for Canal+ and Havas, businesses it plans to spin off as part of the group's project to split up.
Vivendi expects the two units to record full-year revenue growth broadly in line with that of 2023, with organic net revenue between -1% and 0% for Havas.
For Canal+, "the 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, adding a revenue growth engine while providing potential significant cost synergies," Vivendi said.
Vivendi also said it would propose a 1.5% return at its 2025 shareholders' meeting, while Havas will target a dividend payment of around 40% of its net income for 2024.
Reporting by Alban Kacher
Editing by Mark Potter
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