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Vivendi posts higher Q3 earnings and keeps financial outlook
November 16, 2017 / 4:54 PM / a month ago

Vivendi posts higher Q3 earnings and keeps financial outlook

PARIS, Nov 16 (Reuters) - France’s acquisitive media conglomerate Vivendi reported higher third-quarter earnings and kept its 2017 outlook for an increase in sales and profit over the year.

Vivendi’s third-quarter EBITA (earnings before interest, tax and amortisation) rose 5.7 percent from a year ago to 293 million euros ($345 million), while its revenue increased by 19.3 percent to 3.184 billion euros.

Vivendi, chaired by French billionaire Vincent Bollore , has built up stakes in companies such as Telecom Italia, MediaSet, video games group Ubisoft and it bought advertiser Havas this year.

Vivendi kept its 2017 outlook for revenue to increase more than 5 percent and for a rise of around 25 percent in its EBITA, prior to its integration of the Havas business.

$1 = 0.8495 euros Reporting by Sudip Kar-Gupta, editing by David Evans

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