January 11, 2018 / 7:43 PM / 6 days ago

Vivendi lowers outlook for 2017 revenues, EBITA

PARIS (Reuters) - Acquisitive French media conglomerate Vivendi (VIV.PA) on Thursday trimmed its revenue and core earnings (EBITA) forecasts for 2017.

    The group said in a statement it expected revenues to increase close to 5 percent in 2017, compared with a previous forecast of more than 5 percent. It did not explain the change.

    It said EBITA (earnings before interest, tax and amortisation) would rise between 20 and 25 percent, compared with a November estimate of around 25 percent. It said the revision was down to a 40 million euro (£35.6 million) restructuring cost at its Canal+ Group unit.

    Reporting by John Irish and Benjamin Mallet; Editing by Mark Potter

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below