PARIS, April 29, 2024--Regulatory News: Vivendi (Paris:VIV):
PARIS, April 29, 2024--Regulatory News: Yannick Bolloré, Chairman of Vivendi’s (Paris:VIV) Supervisory Board, and Arnaud de Puyfontaine, Chairman of Vivendi's Management Board, commented: "Today we are publishing a particularly sharp increase in revenues for a first quarter. This reflects the strength of our three core businesses and the Group's ability to transform and grow.
"The feasibility study for the split project announced on December 13, 2023, is progressing," said Yannick Bolloré, chairman of Vivendi's supervisory board. Once separated from these three entities, Vivendi would stay listed, maintaining its role of supporting the expansion of its units and continuing to actively manage its investments, it said. Vivendi's first quarter sales jumped 86.6% to 4.3 billion euros ($4.6 billion) driven by its Canal+ and Havas businesses and consolidation of Lagardère.