Paris – The Vivendi media group saw its net income group share jump to 862 million euros in the first quarter, against 33 million a year earlier, inflated by the sale of its remaining share in Activision Blizzard.
on an adjusted basis, net income was down 27.3% to 99 million euros while sales appears unchanged (-1.4% at constant exchange rates and constant perimeter) to 2.5 billion euros, he said Wednesday in a statement.
the group announced parallel input Yannick Bolloré, CEO of advertising group Havas, to its board of directors.
the appointment of the son of Vincent Bolloré, Chairman of Vivendi’s supervisory board, “follows the resignation of Philippe Donnet”, named CEO of the insurer Generali, and will submitted to the next general meeting of the group, the company said.
the quarter was marked by “strong growth in streaming and subscriptions” to Universal music group, the registered subsidiary of music, tempered by ” sharp decline in downloads, “he notes.
UMG business sales totaled 1.12 billion euros, up 1.9% and operating profit current up 15.8% to 102 million.
with regard to television, the “plight of Canal + in France is compensated by other Canal + group activities, including international “added he.
The Canal + revenues amounted to 1.33 billion euros, down 3.1% from the first quarter of 2015.
in France, subscriptions with commitment continued to decline, reaching 8.28 million at March 31, down 183,000 over three months.
Canal + the overall portfolio is however, up 170,000 subscribers in a year to 15.4 million, “thanks to the strong performance of pay-TV operations in Africa,” he notes.
overall, EBIT Canal + increased by 6.4% to 164 million euros.
net cash Vivendi March 31 was 4.8 billion euros, against 6.4 billion at December 31.
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