France · Delayed Price · Currency is EUR Vivendi SE Earnings Call Transcripts
Fiscal Year 2026
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The AGM reviewed a year of transformation, with asset sales, a focus on content and media, and strong financial results. All resolutions, including a EUR 0.04 dividend, board renewals, and share buyback authorizations, were approved. ESG progress and AI training were highlighted.
Fiscal Year 2025
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2025 saw a successful strategic refocus on media and entertainment, with Gameloft driving revenue and EBITDA growth. Net debt was reduced through telecom divestments, and a dividend of €0.04 per share is proposed, while cost-cutting and portfolio optimization continue.
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The AGM highlighted the successful demerger, solid financials, and a new strategic focus on value creation through dynamic asset management. All resolutions, including board renewals and a EUR 0.04 per share dividend, were approved. Key risks include market volatility and ongoing legal matters.
Fiscal Year 2024
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Vivendi completed a major spin-off, now managing a EUR 7.1 billion portfolio with a net asset value of EUR 4.8 billion. 2024 results were impacted by a EUR 5.7 billion spin-off adjustment, but adjusted net income was EUR 111 million. Focus remains on value creation and cost reduction.
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Shareholders approved the demerger of Canal+, Havas, and Louis Hachette Group, each to become independent, listed entities, with all resolutions passing by over 97%. The meeting addressed concerns about governance, tax, and minority rights, and outlined strategic rationales for international listings.
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Announced relisting in Amsterdam to unlock value and protect against hostile takeovers, with a focus on accelerating investment in data, tech, and AI. M&A and integration remain key growth drivers, while financial guidance targets rising margins and strong shareholder returns.
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Revenue grew 5.8% and EBITDA 13.5% year-over-year, with all main business units contributing positively. The group is advancing a major split, targeting separate listings for Canal+, Havas, and Louis Hachette Group by year-end, and remains confident in its outlook despite some operational and market uncertainties.