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Vivendi posts heavy EBITA loss in Q4, sees rebound in 2017

Friday 24 February 2017 | 10:42 CET | News
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After an improved performance in the third quarter, Vivendi's revenue growth returned to negative territory in the fourth quarter (-1.2% unadjusted and -2.4% at constant currency and perimeter). Group' EBITA suffered a significant drop (-73.5% on a like-for-like basis), driven primarily by worsening losses at Canal Plus. This quarterly fall negatively impacted FY EBITA, which decreased to EUR 724 million in 2016 (-21.5% on a like-for-like basis). On the positive side, Vivendi expects its performance to rebound in 2017, targeting EBITA growth in the region of 25 percent and revenue growth

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Categories: Broadcast & Satellite
Companies: Canal Plus / Vivendi
Countries: France / World
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