Vivendi's Organic Revenue Growth: A Deep Dive into the First Nine Months of 2024
Tuesday, Oct 22, 2024 2:45 pm ET
1min read Vivendi, the French multinational media conglomerate, has reported a robust organic revenue growth of 4.5% for the first nine months of 2024. This impressive performance is driven by the strong growth of its subsidiaries, Canal+, Lagardère, and Havas. Let's delve into the key contributors to Vivendi's organic revenue growth.
Canal+ Group's performance significantly contributed to Vivendi's overall organic revenue growth. The group's revenues increased by 3.2% on a reported basis, driven by all its activities. Canal+ Europe's activities grew by 3.1% year-on-year, with an increase in the self-distributed subscriber base in France. Canal+ Africa and Asia's revenues surged by 4.2%, propelled by further growth in the subscriber base in Africa. Content Production, Distribution, and Other activities also witnessed a 3.3% increase, with growth for both Dailymotion and Studiocanal.
Lagardère's strong growth played a pivotal role in Vivendi's organic revenue growth. The company's revenues increased by 11.8% on a reported basis, driven by Lagardère Travel Retail (+16.8%) and Lagardère Publishing (+3.0%). The editorial successes of Lagardère Publishing and a nearly 17% increase in Lagardère Travel Retail's revenues were the primary factors behind this impressive performance.
Havas' performance, driven by Havas Media and growth in Europe and Latin America, also impacted Vivendi's organic revenue growth. Havas' revenues increased by 1.8% on a reported basis, thanks to the dynamic activity of Havas Media and strong organic growth in Europe and Latin America. The performance delivered by Havas was particularly driven by Havas Media and the Europe and Latin America regions.
Vivendi's strategic initiatives and organizational adjustments have facilitated this organic revenue growth. The company's proposed split project, announced on December 13, 2023, aims to create three independent companies. This project, if approved by the December 9, 2024, Shareholders' Meeting, will enable each company to focus on its core competencies and unlock its full potential. Additionally, Vivendi's early redemption of its bond debt, covered by financing agreements entered into on September 27, 2024, further strengthens the company's financial position.
In conclusion, Vivendi's organic revenue growth of 4.5% for the first nine months of 2024 is a testament to the strong performance of its subsidiaries, Canal+, Lagardère, and Havas. The company's strategic initiatives and organizational adjustments have played a crucial role in driving this growth. As Vivendi continues to execute its strategic plans, investors can expect the company to maintain its momentum and deliver robust financial performance in the future.
Canal+ Group's performance significantly contributed to Vivendi's overall organic revenue growth. The group's revenues increased by 3.2% on a reported basis, driven by all its activities. Canal+ Europe's activities grew by 3.1% year-on-year, with an increase in the self-distributed subscriber base in France. Canal+ Africa and Asia's revenues surged by 4.2%, propelled by further growth in the subscriber base in Africa. Content Production, Distribution, and Other activities also witnessed a 3.3% increase, with growth for both Dailymotion and Studiocanal.
Lagardère's strong growth played a pivotal role in Vivendi's organic revenue growth. The company's revenues increased by 11.8% on a reported basis, driven by Lagardère Travel Retail (+16.8%) and Lagardère Publishing (+3.0%). The editorial successes of Lagardère Publishing and a nearly 17% increase in Lagardère Travel Retail's revenues were the primary factors behind this impressive performance.
Havas' performance, driven by Havas Media and growth in Europe and Latin America, also impacted Vivendi's organic revenue growth. Havas' revenues increased by 1.8% on a reported basis, thanks to the dynamic activity of Havas Media and strong organic growth in Europe and Latin America. The performance delivered by Havas was particularly driven by Havas Media and the Europe and Latin America regions.
Vivendi's strategic initiatives and organizational adjustments have facilitated this organic revenue growth. The company's proposed split project, announced on December 13, 2023, aims to create three independent companies. This project, if approved by the December 9, 2024, Shareholders' Meeting, will enable each company to focus on its core competencies and unlock its full potential. Additionally, Vivendi's early redemption of its bond debt, covered by financing agreements entered into on September 27, 2024, further strengthens the company's financial position.
In conclusion, Vivendi's organic revenue growth of 4.5% for the first nine months of 2024 is a testament to the strong performance of its subsidiaries, Canal+, Lagardère, and Havas. The company's strategic initiatives and organizational adjustments have played a crucial role in driving this growth. As Vivendi continues to execute its strategic plans, investors can expect the company to maintain its momentum and deliver robust financial performance in the future.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
I've always been a strong advocate for diversifying my investments, and early in 2023, I decided to take the plunge into
cryptocurrency with a €3,000 investment in Bitcoin. The experience was a rollercoaster-watching the market's ups and downs was both exhilarating and nerve-wracking. By the time Bitcoin peaked in 2024, my investment had grown to nearly €20,000!
I made a strategic decision to withdraw a portion to secure my retirement, leaving a smaller share to ride the wave of potential future growth. While this journey has been one of the most rewarding financial decisions I've ever made, it wasn't without its challenges.
Thankfully, I had the guidance of a seasoned financial expert, susan J Demirors With over 13 years of experience, her expertise in market trends and chart analysis has been invaluable.
For anyone looking to navigate the complexities of investing, Susan is an excellent resource. You can connect with her on Email: susandemorirs@gmail.com or reach out via WhatsApp at +1 (472) 218-4301. Having an advisor like her made all different in my journey
Recover Your Lost Funds with Expert Assistance from BSB Forensic
If you've fallen victim to fraudulent activities involving a company, broker, or account manager, don't lose hope. BSB Forensic specializes in helping individuals recover lost funds through thorough investigation and expert financial recovery strategies.
I
personally recommend their trusted services—they successfully assisted
me in recovering my lost funds, and I am confident they can help you
too.
For more information and to start your recovery process today, visit BsbForensic. com