Reuters logo
Vivendi 2016 core operating profit falls 23 pct, sees rebound in 2017
February 23, 2017 / 5:08 PM / 9 months ago

Vivendi 2016 core operating profit falls 23 pct, sees rebound in 2017

PARIS, Feb 23 (Reuters) - French media giant Vivendi said its core operating profit fell by 23.2 percent last year, hit by a drop in the number of customers its French pay-TV arm Canal Plus.

Earnings before interest, tax and amortisation amounted to 724 million euros over the period, missing a Reuters poll average of 820 million.

Vivendi, led by billionaire Vincent Bollore, said it expected the turnaround of its pay-TV operations would bear fruit this year and help its core operating profit rebound by 25 percent, with group revenues advancing by 5 percent. (Reporting by Mathieu Rosemain and Gwenaelle Barzic; Editing by Andrew Callus)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below