Vivendi in the red, Vincent Bolloré takes a step back

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For Editis and Hachette, the group will propose remedies to the European Commission in mid-March. He discusses with three potential buyers of Editis.

Pair Olivier Ubertalli

The headquarters of Editis, in Paris.
© ActuaLitté, CC BY SA 2.0

Published on 08/03/2023 at 19:46

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Dyears the red. In 2022, Vivendi posted a net loss for the group of 1 billion euros, mainly due to the deconsolidation of Telecom Italia following the record profit of 24 billion euros in 2021 linked to the exit from the scope of activity of Universal Music Group. Adjusted operating profit (EBITA) increased by 35%, to 868 million euros, due to the good performance of Havas and Canal+ as well as the contributions of Universal Music Group (UMG) and Lagardère.

“We now have total freedom to defend the fair valuation” of Telecom Italia, of which Vivendi is the largest shareholder with 24% of the capital, estimated the chairman of the management board, Arnaud de Puyfontaine, during a conference with financial analysts and journalists. “Offers, as they…