(Boursier.com) — In the 1st half of 2022, the turnover of Vivendi amounted to 4.873 billion euros, up +10.9% compared to the 1st half of 2021, thanks mainly to the very good momentum ofHavas Group (+€209 million) as well as the growth of the Group Canal+ (+91 ME) and the rebound of Vivendi Village (+53 ME). It also includes the contribution of Prisma Media (+135 ME), consolidated over 6 months in the 1st half of 2022, compared to 1 month in the 1st half of 2021.
At constant exchange rates and perimeter, Vivendi’s revenue increased by +5.4% compared to the 1st half of 2021. This increase is mainly due to the very good momentum of Havas Group (+11.8%) as well as as the rise of Canal+ Group (+2.2%) and the rebound of Vivendi Village (x2.9).
Adjusted operating income (EBITA) amounted to 412 ME, up 31.5% compared to the 1st half of 2021, mainly thanks to the growth of Havas Group (+24 ME) and the contribution of Prisma Media ( +17 ME). The EBITA of the business lines (100% controlled entities) increased by 16.9%.
Operating profit (EBIT) amounted to 372 ME, up 29% compared to the first half of 2021.
The net result, group share is a profit of 491 ME (0.47 euro per basic share), compared to 488 ME in the 1st half of 2021 (0.45 euro per basic share).
During the first half of 2022, Vivendi’s cash position went from a net cash position of €348m as of December 31, 2021 to net financial debt of -€776m as of June 30, 2022, mainly due to investments made in the first half of 2022. half of 2022, in particular the takeover bid (OPA) on Lagardere.
Vivendi also has significant financing capacities. As of June 30, the Group’s confirmed lines of credit were available for €2.8 billion.
Vivendi indicates that to avoid potential concentration problems with the Lagardère group, it will study a proposed disposal of its subsidiary Editis in its entirety, mainly via distribution-listing.