Vivendi trims outlook after weak H1 results

Thursday 29 August 2013 | 11:07 CET | News
French media group Vivendi reported a fall in first-half results due to weakness at its telecom activities in its home market. Revenues fell 1.5 percent to EUR 10.842 billion, as growth at Universal Music and GVT in Brasil could not offset weaker results at SFR. EBITA dropped 27.0 percent from a year earlier to EUR 1.391 billion, after SFR saw its operating profit fall by EUR 407 million due to increased competition and price pressure in the French mobile market. Net profit fell less, down by 11.2 percent to EUR 1.035 billion, thanks to lower taxes and higher earnings from Maroc Telecom in

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