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Vivendi sees Canal+, Havas 2024 revenue growth broadly stable
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(Reuters) – French media group Vivendi on Monday announced guidance ahead of a market day for Canal+ and Havas,
(Reuters) – French media group Vivendi on Monday announced guidance ahead of a market day for Canal+ and Havas, businesses it plans to spin off as part of the group’s project to split up.
Vivendi expects the two units to record full-year revenue growth broadly in line with that of 2023, with organic net revenue between -1% and 0% for Havas.
For Canal+, “the potential finalisation of the pending MultiChoice control acquisition would significantly impact the financial profile of the Group in the medium-term in Africa and overall, adding a revenue growth engine while providing potential significant cost synergies,” Vivendi said.
The group also said it would target a dividend payment of around 40% of Havas’ net income for 2024, while Canal+ would propose a 1.5% return at its 2025 shareholders’ meeting.
(Reporting by Alban Kacher; Editing by Mark Potter)
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. It can be issued in cash or additional shares and is typically paid on a regular basis.
Organic net revenue is the revenue generated from a company's existing operations, excluding any revenue from acquisitions or divestitures. It reflects the company's growth from its core business activities.
Cost synergies occur when two companies merge or collaborate, leading to reduced costs through efficiencies, such as shared resources or streamlined operations. This can enhance profitability and competitiveness.
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