France · Delayed Price · Currency is EUR Vivendi SE Earnings Call Transcripts
Fiscal Year 2026
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The AGM highlighted a successful year of transformation, with strong financial results, major divestments, and a renewed focus on content and creative assets. All resolutions, including a EUR 0.04 per share dividend and board changes, were approved.
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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Completed a major spin-off, leaving a portfolio valued at EUR 7.1 billion and a net asset value of EUR 4.8 billion. Despite a reported net loss due to accounting effects, recurring income was positive, and Gameloft improved margins. Plans include further cost reductions and a proposed dividend.
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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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A split from Vivendi will unlock value and accelerate growth, with a focus on integration, tech investment, and disciplined M&A. Financial guidance targets EBIT margin expansion and strong cash generation, while the new Amsterdam listing aims to protect culture and maximize shareholder value.
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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.