Vivendi's revenue and market capitalization

  •   DEHOUI Lionel

Vivendi is a French company active in media, content and communications. It has a remarkable presence in more than 100 countries around the world. It is also one of the world's leading content providers. In the financial year 2020, the group performed well. This is also the case in the year 2021.

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Vivendi's revenue and market capitalization
Image copyright: Laurent Grassin - Flickr

Performance in fiscal year 2020

In fiscal year 2020, Vivendi achieved consolidated revenues of €16.01 billion. 16.01 billion. It reported year-on-year growth of 1.2% on a reported basis. On the other hand, on a like-for-like basis, sales were down 0.6% on the previous year.

The turnover was therefore higher than the market forecast. The market expected an average of 15.97 billion euros. It should also be noted that the group was not spared the effects of the Covid-19 health crisis. However, some of its activities have held up well.

These include pay-TV and music. On the other hand, activities such as Vivendi Village (particularly live shows) and Havas Group were affected by the coronavirus pandemic. For its part, Editis has benefited from a clear upturn in its business in France since June 2020.

Over the twelve months of this year, net profit (group share) reached €1.44 billion, compared to €1.58 billion a year earlier. At that time, the company benefited from a one-off tax credit estimated at €473 million. Excluding this item, net profit (group share) showed an increase of 29.7% in 2020.

Adjusted operating profit (Ebita) stood at 1.63 billion euros. 1.63 billion, an increase of 6.6% on a reported basis. On a like-for-like basis, the decline was 3.7%. This trend was driven by the strong performance of UMG and Canal+, which increased their operating income by 20.1% and 5.2% respectively.

 

Solid results in the first half of 2021

For the first six months of 2021 as a whole, Vivendi's revenues amounted to €8.221 billion, compared with €7.576 billion in the first half of 2020. 7.576 billion in the first half of 2020, an increase of 8.5% year-on-year. This increase was driven in particular by growth in the activities of Canal+ Group, Havas Group, UMG (Universal Music Group) and Editis.

On a like-for-like basis, revenue increased by 11.9% compared to H1-2020. For the first half of 2021, the media group generated an adjusted operating profit (Ebita) of €1.066 billion, up 45.0% year-on-year. At constant exchange rates and scope of consolidation, it is up 49.3%.

This was mainly due to the growth of the Canal+ Group, UMG, Editis and Havas Group. 973 million in H1-2021. 973 million in H1-2021, an increase of 47.3% compared to the same period the previous year. Income from financial investments is estimated at 117 million euros, compared to 15 million euros a year earlier.

In the first half of 2021, net profit (group share) amounted to €488 million (or €0.45 per basic share), compared with €757 million (€0.66 per basic share) in H1-2020. 757 million ('0.66 per basic share) in H1-2020. This represents a year-on-year decrease of 35.5%. This decrease is mainly due to the unfavourable development of other financial income and expenses (-'574 million).

This is mainly due to the fall in the value of the holdings in Tencent Music Entertainment and Spofity. However, this unfavorable evolution was partially offset by the €331 million increase in EBITA. 583 million ('0.51 per basic share) in H1-2020.

This represents an increase of 24.1% year-on-year. At the end of June 2021, the company's net financial debt is estimated at €2,878 million, compared to €4,953 million at the end of 2020. Gearing (the ratio of net debt to equity) stood at 14.9% at the end of H1-2021, compared to 30.1% at the end of December 2020.

As of June 30, 2021, Vivendi had an estimated restated net cash position of more than 2.4 billion euros.

 

Quarterly balance sheet for the third quarter of 2021

In the third quarter of 2021, Vivendi reported better than expected results. For the period as a whole, the company's revenues reached €2.476 billion, compared to €2.17 billion in Q3 2020. 2.17 billion in Q3-2020, an increase of 14.1% year-on-year. This increase was driven by the strong performance of Canal+ Group, which recorded revenues estimated at

87 million. Havas Group also contributed to Vivendi's quarterly revenue growth. 106 million. Vivendi Village's revenues amounted to €29 million in the quarter.

This revenue trend also takes into account the contribution of the consolidation of Prisma Media for 75 million, which took effect on 1 June 2021. In addition, for the first nine months of 2021, Vivendi generated revenues of €6.87 billion, compared to €6.291 billion for the same period a year earlier.

 

About Vivendi's dividend and market capitalisation

At the Annual General Meeting of Shareholders held on June 22, 2021, Vivendi's Board of Directors proposed to pay a dividend of €0.60 per share for the financial year 2020. 0.60 per share in respect of the 2020 financial year. This corresponds to a yield of just under 2%. The payment date was set for 25 June 2021.

In addition, Vivendi is present on the equity markets. The company is listed on the Paris Stock Exchange on the Euronext market. It is also one of the companies that make up the CAC 40 stock market index. At the end of December 2021, it had an estimated market capitalisation of more than 10 billion euros.

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