Paris, November 16, 2011
Vivendi: EBITA Growth above 5% for Third Quarter 2011 Increase in 2011 Adjusted Net Income Outlook Excluding Tax Impact
First Nine Months of 2011
- Revenues: €21,030 million, up 0.8% (+1.7% at constant currency).
- EBITA *: €4,866 million, a 4.2% increase (+5.3% at constant currency), thanks to Activision Blizzard and GVT performances. Universal Music Group also contributed to the acceleration of the EBITA for the third quarter (+5.3% and +6.9% at constant currency), as well as strict cost control in all Vivendi businesses.
- Adjusted Net Income **: €2,519 million, up 13.8%, due to the EBITA increase and the 100% ownership of SFR since June 2011, despite an increase of French tax charges.
2011 Outlook
- Thanks to Group’s good performance, our 2011 adjusted net income outlook has been increased by €200 million, at constant tax level.
- Full-year 2011 negative impact of new tax rules in France estimated to €350 million.
- As a result, new adjusted net income 2011 outlook above €2,850 million.
- Increase of dividend per share confirmed for fiscal year 2011.
* For the definition of EBITA, see Appendix I.
** For the reconciliation of earnings attributable to Vivendi SA shareowners and adjusted net income, see Appendix IV.