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MediaForEurope's profit beats forecast as ad sales rise

UPDATE 1-MediaForEurope's profit beats forecast as ad sales rise Adds pars 3,4 with advertising sales trend MILAN, Nov 21 (Reuters) - MFE-MediaForEurope MFEB.MI , the TV group controlled by Italy's Berlusconi family, posted on Thursday a 29% rise in its nine-month operating profit on higher advertising sales. MFE, which runs commercial broadcasters in Italy and Spain, said its earnings before interest and taxes (EBIT) rose to 126.6 million euros ($133.53 million) in the first nine months, above
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MediaForEurope posts 29% rise in 9-mth operating profit

MediaForEurope posts 29% rise in 9-mth operating profit MILAN, Nov 21 (Reuters) - MFE-MediaForEurope MFEB.MI , the TV group controlled by Italy's Berlusconi family, posted on Thursday a 29% rise in its nine-month operating profit on higher advertising sales. MFE, which runs commercial broadcasters in Italy and Spain, said its earnings before interest and taxes (EBIT) rose to 126.6 million euros ($133.53 million)in the first nine months of 2024. That compares with an analyst consensus provided by
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UBS lowers Vivendi's Canal+ valuation on 'too optimistic' cash assumptions

BUZZ-UBS lowers Vivendi's Canal+ valuation on 'too optimistic' cash assumptions ** UBS lowers its valuation for Vivendi's VIV.PA Canal+ business IPO-GROU.L as assumptions around cash flow from operating activities were too optimistic during Capital Markets Day ** Canal+ is expected to be spun-off from Vivendi in December, pending approval from shar
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Imperial Brands, Morgan Sindall, WH Smith

EUROPE RESEARCH ROUNDUP-Imperial Brands, Morgan Sindall, WH Smith Nov 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Imperial Brands, Morgan Sindall and WH Smith on Wednesday. HIGHLIGHTS * Ashtead Group Plc AHT.L : Panmure Liberum raises PT to 6900p from 6333p * Genuit Group Plc GENG.L : RBC cuts target price to 505p from 515p * Imperial Brands IMB.L : RBC raises target price to 2,100p from 2,000p * Morgan Sindall MGNS.L : Panmu
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Vivendi's Havas targets up to 15% margin by 2028 after split

UPDATE 2-Vivendi's Havas targets up to 15% margin by 2028 after split Adds management comments in paragraphs 2-4, minority shareholder comments in paragraphs 6-7 By Leo Marchandon and Gianluca Lo Nostro Nov 19 (Reuters) - Vivendi's VIV.PA advertising arm Havas, set to be spun off from the French media conglomerate in December, said on Tuesday it aimed to raise its adjusted operating profit margin to between 14% and 15% by 2028, from around 12% last year.
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Vivendi's Havas Sees Adjusted EBIT Margin Between 14% and 15% by End-2028

BRIEF-Vivendi's Havas Sees Adjusted EBIT Margin Between 14% and 15% by End-2028 Nov 19 (Reuters) - Havas: AIMING TO ACHIEVE AN ADJUSTED EBIT MARGIN RANGING BETWEEN 14.0% AND 15.0% BY NO LATER THAN FINANCIAL YEAR ENDED DECEMBER 31, 2028 AIMING TO GENERATE CONTRIBUTIONS TO NET REVENUE FROM NEW ACQUISITIONS AVERAGING BETWEEN EUR 40 MILLION AND EUR 50
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Vivendi's Havas targets up to 15% margin by 2028

Vivendi's Havas targets up to 15% margin by 2028 Nov 19 (Reuters) - Advertising firm Havas, set to be spun-off from French media conglomerate Vivendi VIV.PA in December, said on Tuesday it aimed to raise its adjusted operating profit margin to between 14% and 15% by 2028, compared to 12.1% last year. Havas expects the average annual contribution from acquisitions to its net revenue to be 40 million to 50 million euros ($42.3 million to $52.9 million) in the medium term, it said ahead of the Capi
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Vivendi's Canal+ eyes expansion in Africa, Asia as it gears up for London listing

REFILE-Vivendi's Canal+ eyes expansion in Africa, Asia as it gears up for London listing Refiles Nov. 18 story to clarify wording in headline, no changes to text By Leo Marchandon, Gianluca Lo Nostro and Mara Vilcu Nov 18 (Reuters) - French broadcaster Canal+ IPO-GROU.L highlighted its intention to become a global-content platform, seeing Asia and Africa as high-growth markets during its Capital Markets Day on Monday, ahead of its prospective listing on the London Stock Exchange.
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Vivendi expects Canal+ cash profile to recover through 2025

UPDATE 2-Vivendi sees steady growth for Havas, Canal+ ahead of spin-offs Rewrites throughout to add context, analyst comment on valuation By Alban Kacher, Leo Marchandon and Gianluca Lo Nostro Nov 18 (Reuters) - Vivendi VIV.PA on Monday projected moderate earnings growth for Canal+ and Havas, set to be spun off as part of the French media conglomerate's proposed break-up, ahead of their investor day events.
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Vivendi sees Canal+, Havas 2024 revenue growth broadly stable

CORRECTED-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
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Vivendi Provides Outlook On Canal+, Havas

BRIEF-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
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Orange appeals 312 mln euro seizure by French prosecutors in tax dispute

UPDATE 1-Orange appeals 312 mln euro seizure by French prosecutors in tax dispute Adds details in paragraph 2, 3, quote in paragraph 7 By Gianluca Lo Nostro Nov 15 (Reuters) - French telecoms operator Orange ORAN.PA said on Friday it had appealed against a 312 million euro ($329.28 million) seizure by the National Financial Prosecutor's Office in a dispute over VAT.
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UBS cuts Vivendi's PT as investors question Canal+ value ahead of split

BUZZ-UBS cuts Vivendi's PT as investors question Canal+ value ahead of split ** UBS analysts cut their PT on Vivendi by 16% to 11 euros, as investors question Canal+'s value ahead of the group's planned split into three separately listed entities ** "The reduction mainly reflects the lower valuation for Canal+, and higher net debt inside the Vivendi holding company" - UBS ** The broker estimates Canal+'s value at 3.9 billion euros ($4.14 billion), and says uncertainty over its growth and free ca
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South Africa's MultiChoice interim profit plunges as subscriptions slip

UPDATE 2-South Africa's MultiChoice interim profit plunges as subscriptions slip Interim adjusted headline earnings per share down 99% Analysts says now is the right time for Canal+ offer Updates with analyst comment in paragraphs 4, 7-8 By Sfundo Parakozov JOHANNESBURG, Nov 12 (Reuters) - South African pay television company MultiChoice Group MCGJ.J reported a 99% fall in half-year profit on Tuesday as subscriptions slipped due to a hostile operating environment.
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Vivendi Publishes Its Information Document As Part Of The Group’s Spin-Off Project

BRIEF-Vivendi Publishes Its Information Document As Part Of The Group’s Spin-Off Project Nov 8 (Reuters) - Vivendi SE VIV.PA : VIVENDI PUBLISHES ITS INFORMATION DOCUMENT AS PART OF THE GROUP’S SPIN-OFF PROJECT Source text: ID:nBw6ckKLTa Further company coverage: VIV.PA ( Reuters.Briefs@thomsonreuters.com )
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France's Believe denies copyright allegation in $500 mln US claim by UMG

UPDATE 2-France's Believe denies copyright allegation in $500 mln US claim by UMG Recasts, adds quote in paragraph 3 By Gianluca Lo Nostro and Florence Loeve Nov 5 (Reuters) - French digital music company Believe BLV.PA on Tuesday denied allegations of copyright infringement by Universal Music Group UMG.AS , which is seeking damages of at least $500 million (459 million euros) through a complaint in the United States.
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France's Believe faces $500 mln copyright dispute with UMG in the U.S.

France's Believe faces $500 mln copyright dispute with UMG in the U.S. Nov 5 (Reuters) - Shares in French digital music company Believe BLV.PA rose 1.6% in a delayed start to trading on Tuesday after Universal Music Group filed a copyright infringement complaint in the U.S., seeking damages of at least $500 million (459.09 million euros). UMG UMG.AS , the music arm of French tycoon Vincent Bollore's media and entertainment empire, alleges that Believe and its U.S.
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Italy - Factors to watch on November 5

Italy - Factors to watch on November 5 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . DEBT Italy posted a budget deficit of 17 billion euros ($18.51 billion) in October, widening sharply from a deficit of 4.54 billion euros in the same month of 2023, the Treasury said on Monday.
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Vivendi activist’s critique falls on deaf ears

BREAKINGVIEWS-Vivendi activist’s critique falls on deaf ears The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Johnson LONDON, Nov 1 (Reuters Breakingviews) - Vivendi VIV.PA is no stranger to a fight. It’s fitting, then, that one last brawl should erupt just weeks before a Dec. 9 shareholder vote on whether to break up the 10-billion-euro media conglomerate.
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Havas Announces Publication Of Prospectus, Taking Next Step Towards Euronext Amsterdam Listing

BRIEF-Havas Announces Publication Of Prospectus, Taking Next Step Towards Euronext Amsterdam Listing Oct 30 (Reuters) - HAVAS: HAVAS ANNOUNCES PUBLICATION OF ITS PROSPECTUS, TAKING NEXT STEP TOWARDS EURONEXT AMSTERDAM LISTING HAVAS: REPORTED CONSOLIDATED REVENUE OF EUR 2,872 MILLION AND NET REVENUE OF EUR 2,695 MILLION IN 2023 HAVAS: ALTHOUGH LISTE
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