For the first nine months of 2024 (compared to the same
period of 2023), the revenues of:
- Canal+1 increased by 3.2% on a reported basis, due to all of
its activities
- Lagardère increased by 11.8% on a reported basis, driven by
Lagardère Travel Retail (+16.8%) and Lagardère Publishing
(+3.0%)
- Havas increased by 1.8% on a reported basis, thanks to the
dynamic activity of Havas Media and strong organic growth in Europe
and Latin America
Regulatory News:
Vivendi (Paris:VIV):
This press release presents unaudited consolidated revenues
established according to IFRS.
Yannick Bolloré, Chairman of Vivendi’s Supervisory Board,
and Arnaud de Puyfontaine, Chief Executive Officer of
Vivendi, said:
« Vivendi has reported strong growth in the first nine months of
2024. The revenues of the Group increased by 4.5% at constant
currency and perimeter compared to the same period in 2023.
Canal+ experienced revenue growth across all of its activities.
The performance delivered by Havas was particularly driven by Havas
Media and the Europe and Latin America regions. Lagardère posted
strong growth, due in particular to the editorial successes of
Lagardère Publishing and a nearly 17% increase in Lagardère Travel
Retail’s revenues.
These performances confirm the strength of our main businesses
and their capacity to become independent if the Shareholders’
Meeting convened on December 9, 2024, approves the Group’s proposed
split project. »
Vivendi’s revenues
For the first nine months of 2024, Vivendi’s revenues
were €13,802 million, an increase of 93.7% compared to the same
period of 2023. This change mainly included the impact of the
consolidation of Lagardère (+€6,610 million) and the growth of
Canal+ (+3.2%) and Havas (+1.8%).
As a reminder, Vivendi’s festival and international ticketing
activities were sold on June 6, 2024, resulting in a decrease of
€86 million in the revenues of “Other activities” compared to the
first nine months of 2023.
At constant currency and perimeter2, Vivendi’s revenues grew by
4.5% compared to the first nine months of 2023, mainly due to the
performance of Lagardère (+9.1%) and Canal+ (+1.9%).
For the third quarter of 2024, Vivendi’s revenues were
€4,750 million, an increase of 95.8% compared to the same period of
2023. This increase mainly included the impact of the consolidation
of Lagardère (+€2,417 million).
The sale of Vivendi’s festival and international ticketing
activities resulted in a decrease of €58 million in the revenues of
“Other activities” compared to the third quarter of 2023.
At constant currency and perimeter, Vivendi’s revenues grew by
2.3% compared to the third quarter of 2023, mainly due to the
performance of Lagardère (+7.4%).
The Group’s proposed split project
On October 15, 2024, the Vivendi Supervisory Board took note of
the opinions given by the employee representatives bodies concerned
by the Group’s split project, which was announced on December 13,
2023.
The Supervisory Board and the Management Board agreed that a
Shareholders’ Meeting should be convened on December 9, 2024, to
vote on this project. Should this split project be approved, the
first listing of the shares of the three companies would take place
on December 16, 2024.
Assuming that the split project is approved by the December 9,
2024, Shareholders’ Meeting, Vivendi would proceed with the early
redemption of its bond debt, which is covered by the financing
agreements entered into on September 27, 2024.
Share repurchases
For the first nine months of 2024, share buybacks totaled €342.2
million, i.e., 35.1 million shares. Under the share buyback program
authorized by the Combined General Shareholders’ Meeting of April
29, 2024, the total number of shares repurchased amounted to 25
million for a cash outflow of €243 million.
Vivendi currently directly holds 38.1 million of its own shares,
i.e., 3.70% of its share capital.
Comments on the Businesses Canal+
For the first nine months of 2024, Canal+ Group’s revenues
amounted to €4 720 million, an increase of 3.2% compared to the
same period of 2023 (up 1.9% at constant currency and perimeter).
This growth was driven by all of the group’s business segments,
which are outlined in Vivendi’s September 20,2024 press
release.
Revenues from Canal+ Europe’s activities increased by 3.1%
year-on-year (up 1.6% at constant currency and perimeter), growing
across all geographic areas, driven in particular by an increase in
the self-distributed subscriber base in France.
Revenues from Canal+ Africa and Asia increased by 4.2% (up 4.6%
at constant currency and perimeter), driven by further growth in
the subscriber base in Africa.
Revenues from Content Production, Distribution and Other
activities increased by 3.3% (up 0.9% at constant currency and
perimeter), with growth for both Dailymotion and Studiocanal
(increases in films, series and catalog sales).
These results were accompanied during the third quarter of 2024
by significant developments across all Canal+ Group business
segments.
Canal+ Europe:
- On August 13, 2024, Canal+ Group and beIN Sports announced they
were renewing their multi-year agreement for the exclusive
distribution of beIN Sports channels in France, including the major
Ligue 1 McDonald's matchday game every Saturday at 5.00 pm, at no
additional cost to subscribers;
- On August 13, 2024, Canal+ Group and DAZN announced a new
distribution partnership in France, allowing Canal+ to offer its
subscribers DAZN offers including the DAZN 1 live channel, up to 4
additional channels, as well as an associated non-linear offer. In
this way, Canal+ customers subscribing to the DAZN option can enjoy
all the Ligue 1 McDonald’s matches broadcast by DAZN; and
- On August 21, 2024, Canal+ Group and Paramount+ announced the
extension and strengthening of their partnership in France. This
partnership includes the distribution of Paramount+ to all Canal+
subscribers and 9 Paramount channels, as well as the acquisition of
premium Paramount content exclusively for Canal+ Group channels and
services.
Canal+ Africa and Asia:
- On July 12, 2024, Canal+ Group and the Professional Fighters
League announced a multi-year media rights agreement on the
league's French-language broadcasting rights in sub-Saharan
Africa;
- On August 15, 2024, Canal+ Group announced the renewal of
broadcasting rights for the entire Ligue 1 McDonald’s in
French-speaking sub-Saharan Africa for the 2024-2025 to 2028-2029
seasons, confirming its position as a major historical partner of
major sporting events in Africa;
- In August 2024, Canal+ Group, Currimjee Group and its
subsidiary Emtel and the Mauritius Broadcasting Corporation,
shareholders of MC Vision, announced they had signed an agreement
on the stake of Canal+ Group rising to 75% in the Mauritian company
MC Vision. The transaction has been approved by some regulatory
authorities and is awaiting final approval from other relevant
ones; and
- On September 30, 2024, Canal+ Group and MultiChoice Group
issued an announcement which provided an update on the progress of
the mandatory tender offer made by Canal+ Group to acquire the
MultiChoice shares it does not already own. In this regard, Canal+
Group and MultiChoice Group have submitted a joint merger control
filing as required by the South-African Competition Act. The filing
sets out the key public interest benefits of the proposed
transaction; conveys the parties’ view that the transaction does
not raise any competition concerns, as the two companies operate in
different markets; explains how the combined entity will create a
world leading global media company with Africa at its heart, and be
more competitive in the face of the many global content companies
entering South African and African markets; and reaffirms the
combined companies’ longstanding commitment to invest in locally
made sporting and entertainment content. The filing also provides
the Competition Commission with information on the envisaged
structure of the transaction which will meet the regulatory
requirements for local ownership and control of the licensed entity
in South Africa and support BBBEE; and which will include current
shareholder Phuthuma Nathi.
Content production, distribution and others:
- From July 22 to July 24, 2024, L’Olympia hosted the Paris 2024
Cultural Olympiad;
- On August 5, 2024, as part of the international development
strategy of its direct sales force, Dailymotion opened a subsidiary
in Brazil. The aim is to maximize revenues in a high-potential
market, LATAM; and
- On September 18, 2024, Studiocanal unveiled its new brand:
Studiocanal Kids & Family Ltd., thus strengthening its strategy
around IP dedicated to kids and families, such as
PaddingtonTM.
Lagardère
For the first nine months of 2024, the Lagardère group generated
revenues of €6,610 million, up by 11.8% on a reported basis and
9.1% on a like-for-like basis compared to the same period of
2023.
In the third quarter of 2024, Lagardère Group’s revenues
amounted to €2,417 million, representing a 9.2% increase on a
reported basis and a 7.4% increase on a like-for-like basis
compared to the third quarter of 2023. The difference between
reported and like-for-like figures is mainly attributable to a
positive scope effect of €39 million, mainly due to the acquisition
of Tastes on the Fly by Lagardère Travel Retail in November
2023.
For the first nine months of 2024, Lagardère Publishing’s
revenues totaled €2,074 million, up by 3.0% on a reported basis and
2.8% on a like-for-like basis compared to the same period of 2023.
The difference between reported and like-for-like data is mainly
due to a positive currency effect of €3 million.
In the third quarter of 2024, Lagardère Publishing’s revenues
stood at €765 million, stable compared to the previous year.
For the first nine months of 2024, Lagardère Travel Retail’s
revenues totaled €4,344 million, up by 16.8% on a reported basis
and 12.8% on a like-for-like basis compared to the same period of
2023. The difference between reported and like-for-like figures is
mainly due to a positive scope effect of €134 million, primarily
from the acquisition of Tastes on the Fly.
In the third quarter of 2024, Lagardère Travel Retail’s revenues
amounted to €1,596 million, representing an increase of 14.8% on a
reported basis and 11.7% on a like-for-like basis compared to the
third quarter of 2023. The difference between reported and
like-for-like figures is due to a scope effect of €39 million,
primarily from the acquisition of Tastes on the Fly.
For the first nine months of 2024, revenues from Other
Activities totaled €192 million, representing an increase of 6.7%
on a reported basis and 0.3% on a like-for-like basis. The
difference between reported and like-for-like figures is mainly due
to a positive scope effect of €11 million, linked to the
acquisitions of Euterpe Promotion and Funkshion Labs.
In the third quarter of 2024, revenues from Other Activities
amounted to €56 million, showing a slight increase of 1.2% on a
reported basis and 1.1% on a like-for-like basis. Revenue growth is
primarily driven by Lagardère News. On October 1, 2024, Lagardère
announced the completion of the sale of the weekly magazine Paris
Match to the LVMH group on the basis of an enterprise value of €120
million.
Havas
For the first nine months of 2024, Havas's revenues were €2,040
million, an increase of 1.8% compared to the same period of 2023.
Net revenues3 were €1,958 million, up 2.1% compared to the first
nine months of 2023 (a slight decrease of -0.8% on an organic basis
due in particular to the loss of one client in the United States).
The impact of acquisitions on net revenues was +3.0%, notably
including contributions from Uncommon Creative Studio,
Eprofessional, Shortcut and Ledger Bennett. Currency effects were
flat (-0.1%). Havas has managed to adapt its costs level in order
to continue to increase its profitability.
The Havas Media division continued to be dynamic, while Havas
Creative and Havas Health & You divisions posted mixed
commercial performances.
Europe and Latin America posted solid organic growth (+2.8% and
+12.1%, respectively) and Asia-Pacific and Africa had slightly
negative organic growth (-0.6%); North America decreased
(-7.5%).
By deploying its “Converged” strategy, Havas pursued its dynamic
sales momentum, with in particular the gain of the Wyndham budget
in North America on creative, media and digital aspects.
In addition, Havas has continued its acquisition momentum during
the third quarter of 2023, with the finalization of the
acquisitions of two new majority stakes in July and September
2024:
- Hotglue, an independent Australian media
agency and creative production company, delivering advanced media
and activation solutions throughout the customer decision journey;
and - DPMG, in the United Kingdom, an Adobe top 3 recommended
independent agency, further strengthening Havas’s global data, tech
and analytics capabilities.
Prisma Media
For the first nine months of 2024, Prisma Media’s revenues were
€214 million, stable at constant currency and perimeter4 compared
to the same period of 2023.
Prisma Media is the leading bi-media editor with nearly 40
million people (almost two out of three French people) reading
Prisma Media articles every month, an increase of 1% compared to
the same period of 2023 despite the sale of the Gala magazine in
November 20235. Télé-Loisirs (21 million readers) remains the top
magazine brand. Capital is the leading economic brand, consulted by
over 9 million people and reaching more than one out of five upper
socio-professional (CSP+) individuals per month. Prisma Media and
the publisher
Mr Tan & Co experienced a great success with Mortelle Adèle
le Mag, launched in June 2023, which sold 140,000 copies (a release
every two months and special issues) last summer, twice as much as
last year at the same time.
Digital affiliation (e-commerce) and advertising revenues on
social media increased by more than 15% compared to same period of
2023. At the end of August 2024, Prisma Media’s social media
audiences continued to grow with a 30% increase in followers
(compared to the end of August 2023). At that time, Prisma Media
brands retained their leading positions in digital audiences (in
terms of number of unique visitors): Télé Loisirs is No. 1 in the
Entertainment segment, Voici is No. 1 in the People segment, Femme
Actuelle remains in the top three in the Women’s segment, and
Capital is the leading media site in the "Economy/Finance"
category.
Prisma Media continues the development of an important “Luxury
and Art of Living” division. Over the first nine months of 2024,
Harper's Bazaar increased its market share by five percentage
points and continued its development on social media. Prisma Media
strengthened this division with the acquisition on April 22, 2024,
of the magazines Ideat (design and interior decoration) and The
Good Life (lifestyle). The new quarterly magazine, Harper’s Bazaar
Interieurs, the first brand extension of Harper’s Bazaar France in
luxury decoration, was launched on October 17, 2024.
Gameloft
Over the first nine months of 2024, Gameloft continued its
strategic diversification across all platforms: the release in July
2024 of Disney Speedstorm on mobile after its launch on PC and
consoles, and of Asphalt Legends Unite, now available on all
platforms, PC, console, mobile, and for the first time ever on
PlayStation 5 are new examples of the acceleration of this
diversification.
Over the first nine months of 2024, PC/console revenues
represented 40% of Gameloft’s total revenues, an increase of 6.6%
at constant currency and perimeter compared to the same period of
2023.
Gameloft’s total revenues were €201 million over the period,
including €81 million for the PC/console segment and €105 million
for the mobile segment, a limited decrease of 5.4% at constant
currency and perimeter compared to the same period of 2023, due to
the absence of new launches during this period.
Disney Dreamlight Valley, Asphalt Legends Unite, Disney Magic
Kingdoms, March of Empires and Disney Speedstorm represented 59% of
Gameloft’s total revenues and ranked as the five best sellers in
the first nine months of 2024.
About Vivendi
Vivendi is a global leader in content, media and communications.
Canal+ Group is a major player in the creation and distribution of
cinema and audiovisual content on all continents. With Lagardère,
Vivendi is the world’s third-largest book publisher for the general
public and educational markets, and a leading global player in
travel retail. Havas is one of the largest global communications
groups with a presence in more than 100 countries. Vivendi is also
active in the magazine business (Prisma Media) and in video games
(Gameloft). As a committed group, Vivendi contributes to building
more open, inclusive, and responsible societies by supporting
diverse and inventive creative works, promoting broader access to
culture, education, and its industries, and increasing awareness of
21st century challenges and opportunities. In December 2023,
Vivendi launched the study of a split project where Canal+, Havas
and Louis Hachette Group, the company grouping the assets in
publishing and distribution, would become independent entities
listed on the stock market. www.vivendi.com.
Important disclaimers
This press release contains forward-looking statements with
respect to Vivendi’s financial condition, results of operations,
business, strategy, plans and outlook, including the impact of
certain transactions such as the split and listing projects, as
well as related operations. Although Vivendi believes that such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of completion of the split and
listing projects nor of Vivendi’s future performance. Actual
results may differ materially from the forward-looking statements
as a result of a number of risks and uncertainties, many of which
are outside our control, including, but not limited to, the risks
related to obtaining regulatory, administrative, third – party or
any other approvals, and the risks described in the documents of
the Group filed by Vivendi with the Autorité des Marchés Financiers
(the French securities regulator), which are also available in
English on Vivendi’s website (www.vivendi.com). Investors and
security holders may obtain a free copy of documents filed by
Vivendi with the Autorité des Marchés Financiers at
www.amf-france.org, or directly from Vivendi. Accordingly, we
caution readers against relying on such forward-looking statements.
These forward-looking statements are made as of the date of this
press release. Vivendi disclaims any intention or obligation to
provide, update or revise any forward- looking statements, whether
as a result of new information, future events or otherwise. This
press release does not contain or constitute an offer of securities
or a solicitation of an offer to subscribe to or purchase, nor an
invitation to sell, buy, or subscribe to securities in France or
abroad. This press release must in no way be interpreted as a
recommendation to readers.
The dissemination of this press release may be restricted,
limited, or prohibited by law in certain states, and anyone wishing
to distribute it must inform themselves about the existence of such
restrictions, limitations, or prohibitions, and adhere to them. Any
failure to do so may constitute a violation of the applicable
securities regulations in those states.
Unsponsored ADRs. Vivendi does not sponsor an American
Depositary Receipt (ADR) facility in respect of its shares. Any ADR
facility currently in existence is “unsponsored” and has no ties
whatsoever to Vivendi. Vivendi disclaims any liability in respect
of any such facility.
This document has been certified by Vivendi SE using the
blockchain and Nodle Connecting SDK’s Click solution to ensure its
authenticity. View this certificate of authenticity by logging in
to https://www.certification.vivendi.com or using a blockchain
explorer such as https://etherscan.io or
https://www.blockchain.com.
APPENDIX I
VIVENDI REVENUES BY BUSINESS
SEGMENT (IFRS, unaudited)
Third quarter
Three months ended September
30,
(in millions of euros)
2024
2023
% Change
% Change at constant currency
% Change at constant currency and
perimeter
Revenues
Canal+ (a)
1,529
1,540
-0.7%
-1.0%
-1.7%
Lagardère
2,417
na
na
na
+7.4%
(b)
Havas
674
686
-1.8%
-1.6%
-3.5%
of which net revenues (c)
650
654
-0.5%
-0.3%
-2.3%
Prisma Media
67
71
-4.7%
-4.7%
-1.6%
Gameloft
69
74
-6.9%
-6.4%
-6.4%
Other activities (d)
3
61
-96.1%
-96.1%
-17.2%
(d)
Elimination of intersegment
transactions
(9)
(6)
Total Vivendi
4,750
2,426
+95.8%
+95.6%
+2.3%
na: not applicable.
First nine months
Nine months ended September
30,
(in millions of euros)
2024
2023
% Change
% Change at constant currency
% Change at constant currency and
perimeter
Revenues
Canal+ (a)
4,720
4,573
+3.2%
+2.6%
+1.9%
Lagardère
6,610
na
na
na
+9.1%
(b)
Havas
2,040
2,004
+1.8%
+1.9%
-0.9%
of which net revenues (c)
1,958
1,919
+2.1%
+2.2%
-0.8%
Prisma Media
214
224
-4.2%
-4.2%
-0.2%
Gameloft
201
213
-5.8%
-5.4%
-5.4%
Other activities (d)
49
135
-63.2%
-63.3%
-1.8%
(d)
Elimination of intersegment
transactions
(32)
(25)
Total Vivendi
13,802
7,124
+93.7%
+93.2%
+4.5%
na: not applicable.
- As announced on September 20, 2024, Canal+ now brings together
with its businesses, Dailymotion and Group Vivendi Africa (GVA),
previously part of the New Initiatives segment, l’Olympia and the
Théâtre de l’Œuvre, previously part of the Vivendi Village segment,
as well as CanalOlympia, previously part of the Generosity and
solidarity segment. Previously published data for fiscal year 2023
has been restated.
- Constant perimeter notably reflects the impacts of the
combination with Lagardère, which has been fully consolidated by
Vivendi from December 1, 2023.
- Net revenues, a non-GAAP measure, relates to Havas’s revenues
less pass-through cost rebilled to customers.
- As a reminder, Vivendi’s festival and international ticketing
activities were sold on June 6, 2024.
APPENDIX I (cont’d)
VIVENDI REVENUES BY BUSINESS
SEGMENT (IFRS, unaudited)
Quarterly revenues
2024
(in millions of euros)
Three months ended March 31,
Three months ended June 30,
Three months ended September
30,
Revenues
Canal+ (a)
1,587
1,604
1,529
Lagardère
1,883
2,310
2,417
Havas
649
717
674
of which net revenues (b)
617
691
650
Prisma Media
71
76
67
Gameloft
68
64
69
Other activities (c)
28
18
3
Elimination of intersegment
transactions
(11)
(12)
(9)
Total Vivendi
4,275
4,777
4,750
2023
(in millions of euros)
Three months ended March 31,
Three months ended June 30,
Three months ended September
30,
Three months ended December
31,
Revenues
Canal+ (a)
1,514
1,519
1,540
1,650
Lagardère (d)
na
na
na
670
Havas
611
707
686
868
of which net revenues (b)
588
677
654
776
Prisma Media
73
80
71
85
Gameloft
71
68
74
98
Other activities
29
45
61
34
Elimination of intersegment
transactions
(8)
(11)
(6)
(19)
Total Vivendi
2,290
2,408
2,426
3,386
na: not applicable.
- As announced on September 20, 2024, Canal+ now brings together
with its businesses, Dailymotion and Group Vivendi Africa (GVA),
previously part of the New Initiatives segment, l’Olympia and the
Théâtre de l’Œuvre, previously part of the Vivendi Village segment,
as well as CanalOlympia, previously part of the Generosity and
solidarity segment. Previously published data for fiscal year 2023
has been restated.
- Net revenues, a non-GAAP sure, relates to Havas’s revenues less
pass-through costs rebilled to customers.
- As a reminder, Vivendi’s festival and international ticketing
activities were sold on June 6, 2024.
- As a reminder, Vivendi has fully consolidated Lagardère from
December 1, 2023.
APPENDIX II
VIVENDI DETAIL OF REVENUES BY
BUSINESS SEGMENT (IFRS, unaudited)
Canal+
Nine months ended September
30,
(in millions of euros)
2024
2023
% Change
% Change at constant currency
% Change at constant currency and
perimeter
Europe
3,544
3,437
+3.1%
+2.3%
+1.6%
Africa and Asia (a)
779
748
+4.2%
+4.6%
+4.6%
Content production, distribution and
others (b)
482
466
+3.3%
+2.7%
+0.9%
Elimination of intersegment
transactions
(85)
(78)
Revenues
4,720
4,573
+3.2%
+2.6%
+1.9%
Three months ended September
30,
(in millions of euros)
2024
2023
% Change
% Change at constant currency
% Change at constant currency and
perimeter
Europe
1,154
1,152
+0.2%
-0.3%
-1.0%
Africa and Asia (a)
251
248
+1.3%
+1.5%
+1.5%
Content production, distribution and
others (b)
149
165
-9.6%
-16.8%
-18.0%
Elimination of intersegment
transactions
(25)
(25)
Revenues
1,529
1,540
-0.7%
-1.0%
-1.7%
- Includes GVA and CanalOlympia.
- Includes Studiocanal, Dailymotion, Thema, as well as L’Olympia
and the Théâtre de l’Œuvre.
Lagardère
(in millions of euros)
Nine months ended September 30,
2024
Nine months 2023 data as
published by Lagardère (a)
% Change
% Change on comparable basis
Lagardère Publishing
2,074
2,014
+3.0%
+2.8%
Lagardère Travel Retail
4,344
3,719
+16.8%
+12.8%
Other activities (b)
192
181
+6.7%
+0.3%
Revenues
6,610
5,914
+11.8%
+9.1%
Revenues by
geographic area (in %)
France
22%
23%
Western Europe
27%
27%
Eastern Europe
13%
12%
United States and Canada
27%
26%
Asia-Pacific
6%
8%
Latin America, Middle East and Africa
5%
4%
100%
100%
APPENDIX II (cont’d)
VIVENDI DETAIL OF REVENUES BY
BUSINESS SEGMENT (IFRS, unaudited)
Lagardère
(in millions of euros)
Three months ended September 30,
2024
Three months 2023 data as
published
by Lagardère (a)
% Change
% Change on comparable basis
Lagardère Publishing
765
767
-0.2%
-
Lagardère Travel Retail
1,596
1,390
+14.8%
+11.7%
Other activities (b)
56
56
+1.2%
+1.1%
Revenues
2,417
2,213
+9.2%
+7.4%
- Vivendi has fully consolidated Lagardère from December 1,
2023.
- Includes Lagardère News (Paris Match (sold on October 1, 2024),
Le Journal du Dimanche, and the Elle license), Lagardère Radio
(Europe 1, Europe 2, and RFM), Lagardère Live Entertainment,
Lagardère Paris Racing and the Corporate Group.
Havas
Nine months ended September
30,
(in millions of euros)
2024
2023
% Change
% Change at constant currency
% Change at constant currency and
perimeter
Revenues
2,040
2,004
+1.8%
+1.9%
-0.9%
Net revenues (a)
1,958
1,919
+2.1%
+2.2%
-0.8%
Net revenues by
geographic area
Europe
973
902
+7.9%
+7.2%
+2.8%
North America
672
721
-6.7%
-6.6%
-7.5%
Asia Pacific and Africa
178
170
+4.5%
+6.9%
-0.6%
Latin America
135
126
+7.3%
+12.1%
+12.1%
1,958
1,919
+2.1%
+2.2%
-0.8%
Three months ended September
30,
(in millions of euros)
2024
2023
% Change
% Change at constant currency
% Change at constant currency and
perimeter
Revenues
674
686
-1.8%
-1.6%
-3.5%
Net revenues (a)
650
654
-0.5%
-0.3%
-2.3%
Net revenues by
geographic area
Europe
320
309
+3.5%
+11.4%
+0.9%
North America
219
240
-8.6%
-9.0%
-9.9%
Asia Pacific and Africa
62
60
+3.2%
+0.9%
-2.6%
Latin America
49
45
+9.6%
+18.3%
+18.3%
650
654
-0.5%
-0.3%
-2.3%
- Net revenues, a non-GAAP measure, relates to Havas’s revenues
less pass-through cost rebilled to customers.
APPENDIX III
VIVENDI SCOPE OF CONSOLIDATION AND
CURRENCY IMPACTS
Revenues
Nine months ended September
30,
Three months ended September
30,
2024
2023
2024
2023
Organic growth
+4.5%
+3.2%
+2.3%
+3.1%
Consolidation scope impact
+88.7pts
+0.6pt
+93.3pts
+0.6pt
Fx impact
+0.5pt
-0.5pt
+0.2pt
-1.2pts
Actual growth
+93.7%
+3.3%
+95.8%
+2.5%
Change in currencies
Average rate over the period
9M 2024
9M 2023
Change
EUR vs.
USD:
1.088
1.087
+0.1%
GBP:
0.853
0.872
-2.2%
PLN:
4.311
4.593
-6.1%
Average rate over the period
3Q 2024
3Q 2023
Change
EUR vs.
USD:
1.093
1.098
-0.5%
GBP:
0.845
0.858
-1.5%
PLN:
4.303
4.457
-3.5%
1 As announced on September 20, 2024, Canal+ now brings together
with its business, Dailymotion and GVA, previously part of
Vivendi’s New Initiatives segment, l’Olympia and the Théâtre de
l’Œuvre, previously part of the Vivendi Village segment, as well as
CanalOlympia, previously part of Vivendi’s Generosity and
solidarity segment. Previously published data for fiscal year 2023
has been restated. 2 Constant perimeter notably reflects the
impacts of the combination with Lagardère, which has been fully
consolidated by Vivendi from December 1, 2023. 3 Net revenues, a
non-GAAP measure, is calculated as Havas’s revenues less
pass-through costs rebilled to customers. 4 Constant currency and
perimeter reflect the impacts of the sale of Gala which occurred on
November 21, 2023. 5 According to the latest audience results for
One Next Global S1 2024.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241022777211/en/
Media Jean-Louis Erneux +33 (0)1 71 71 15 84 Solange
Maulini +33 (0) 1 71 71 11 73
Investor Relations Xavier Le Roy +33 (0)1 71 71 18 77
Nathalie Pellet +33 (0) 1 71 71 11 24
Grafico Azioni Telefonica Brasil (NYSE:VIV)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Telefonica Brasil (NYSE:VIV)
Storico
Da Gen 2024 a Gen 2025
