Vivendi confirms FY guidance as Q3 EBITA meets consensus on buoyant Canal Plus |
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Wed, 14 Nov 2007 18:00
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PARIS (Thomson Financial) - Vivendi posted third-quarter EBITA in line with analyst expectations and reassured the market over its existing full-year guidance, as anticipated.EBITA was 1.335 bln eur, up 2.7 pct from 1.300 bln a year earlier, as a surge in earnings at Canal Plus offset a slide at the UMG music division and flat earnings at SFR.Analysts polled by Thomson Financial News had seen see EBITA in the period of 1.300-1.345 bln eur.Adjusted net profit was 721 mln eur, down 1.4 pct from 731 mln a year earlier and well below the 827 mln eur forecast by Exane BNP Paribas.EBITA at UMG was 115 mln eur, down 16.7 pct from a year earlier, despite a 6.8 pct increase in sales.SFR EBITA was 702 mln eur, down 0.6 pct as sales rose 5.2 pct.Canal Plus EBITA was 207 mln eur, up 39.9 pct while sales rose 22.5 pct.Vivendi's guidance is for adjusted net profit of 'above' 2.7 mln eur.tfn.paris@thomson.commrg/lhtCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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