(Boursier.com) — Vivendi rose by more than 3% to 8.50 euros this Friday, while during the first 9 months of the 2023 financial year, the group’s turnover amounted to 7.124 billion euros (6.895 billion euros at the same period of 2022). This increase of +3.3% results mainly from the increase in the turnover of Canal+ Group (+167 ME) andHavas (+82 ME), partially offset by the withdrawal of Vivendi Village (-25 ME). At constant exchange rates and scope, Vivendi’s turnover increased by +3.2% compared to the first 9 months of the 2022 financial year. This increase mainly results from the performance of Canal+ Group (+3.3% ) and Havas (+4.6%).
In the 3rd quarter of 2023, Vivendi’s turnover amounted to €2.426 billion (E2.366 billion in the same period of 2022). This increase of +2.5% results mainly from the increase in the turnover of Canal+ Group (+81 ME) and Havas (+21 ME), partially offset by the withdrawal of Vivendi Village (-30 ME) and from Gameloft (-21 ME).
At constant exchange rates and scope, Vivendi’s revenue increased by 3.1% in the 3rd quarter compared to the 3rd quarter of 2022. This development is driven by the performance of Canal+ Group (+5.4%) and Havas (+5.5%).
Canal+ and Havas in good shape
In detail, Canal+ Group recorded growth in its turnover of +5.7% in the 3rd quarter of 2023, and of +3.9% during the first 9 months of 2023 thanks in particular to the very strong increase in +23.6% for Studiocanal and the +3.3% increase in pay television in France.
Havas, for its part, posted very satisfactory organic growth in its net income of +4.5% in the 3rd quarter of 2023 (+4.3% during the first 9 months). All his professions are progressing. Acquisitions continue at a brisk pace. The group has entered into a partnership with Mirakl in retail media and is extending its partnership with Adobe in AI.
Perspectives displayed
Vivendi says it is “confident that the finalization of its merger with Lagardère will take place by the end of the year”. The group reiterates “its desire to maintain the integrity of the group Lagardère“. Among the latest opinions from brokers, Goldman Sachs has adjusted its sights on the file from 11.7 to 11.6 euros, while remaining at the purchase level.