Vivendi raises full-year guidance

Wednesday 14 November 2012 | 08:48 CET | News
French telecom and entertainment group Vivendi has raised its full-year adjusted net profit guidance to approximately EUR 2.7 billion, compared to its previous guidance of over EUR 2.5 billion, as a strong business performance offset the economic slowdown and heavier tax environment. Vivendi confirmed its year-end net debt outlook at below EUR 14 billion. In the first nine months, group revenues were down 1.3 percent to EUR 20.75 billion. Although EBITA declined by 11 percent to EUR 4.33 billion in the nine months, it fell by only 7.3 percent in the third quarter thanks to 54.2 percent growth

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Categories: General
Companies: Vivendi
Countries: France / World
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