Vivendi Q4 revenues down 4.6% on SFR, forex effects

Tuesday 25 February 2014 | 12:14 CET | News
Vivendi reported a 4.6 percent drop in fourth-quarter revenues to EUR 5.95 billion, as its French telecom operator SFR continued to suffer from tough competition. Canal Plus increased sales 7.2 percent to EUR 1.45 billion, while SFR revenues were down 7.1 percent to EUR 2.58 billion. Universal Music posted a 9.3 percent drop in sales to EUR 1.49 billion, and Brazilian operator GVT's revenues fell 5.1 percent to EUR 412 million, with both units hurt by negative forex effects. Vivendi's adjusted EBITA was up 1.0 percent to EUR 312 million, helped by lower operating costs and a reduction in

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Categories: General
Companies: Canal Plus / Etisalat / GVT / Maroc Telecom / SFR / Universal Music / Vivendi
Countries: France / World
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