Vivendi SE reported Q2 earnings with sales increasing by almost 93% due to the acquisition of Lagardère. Company's gross margins and bottom line improved, but EBIT margin faltered, likely due to Lagardère acquisition. Proposed split into three entities (Canal+, Havas, Louis Hachette) may improve focus and performance, with Lagardère showing potential for growth.
Vivendi SE (OTCPK:VVVNF) Q2 2024 Earnings Conference Call July 25, 2024 12:15 PM ET Company Participants Arnaud de Puyfontaine - Chairman and CEO Francois Laroze - Member of the Management Board and CFO Conference Call Participants Adrien de Saint Hilaire - Bank of America Conor O'Shea - Kepler Cheuvreux Jérôme Bodin - ODDO BHF Christophe Cherblanc - Bernstein Silvia Cuneo - Deutsche Bank Opera...
Vivendi on Monday said it is considering listing its Canal+ film and television subsidiary on the London Stock Exchange in what would be a major win for the U.K.'s troubled bourse.
Quintessential French television station Canal+ is plotting a share listing on the London Stock Exchange following a split up of parent company Vivendi. In December 2023, Vivendi initiated a feasibility study for an atomisation of its operations after struggling with a suppressed market valuation.
Vivendi will pursue a separate listing for its Canal+ pay TV unit in London while its Havas business will be listed in Amsterdam, it said on Monday as it announced details of wider plan to split up the group after a feasibility study.
Vivendi is exploring a spin-off and potential London listing for its Canal+ TV unit, Bloomberg reported on Thursday, sending the French media conglomerate's shares sharply higher in late afternoon trading.
On April 29, 2024, Vivendi SE (OTC ADR: VIVHY, $10.51; Market Capitalization: $10.8 billion) announced 1Q24 earnings and said it is on track to explore ways to split-off its business into four companies and list them on exchanges.
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