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Financial information for Q1 2024 |
April 29, 2024 |
Revenue for Q1 2024:
+3% at constant scope and exchange rates (+63% on a reported basis)
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Revenue for Q1 2024 At constant scope and exchange rates, Compagnie de l’Odet revenue for the first quarter of 2024 rose 3% to 5,024 million euros:
On a reported basis, revenue was up 63% compared to first-quarter 2023, including +1,788 million euros in changes in scope (of which +1,730 million euros corresponding to the full consolidation of Lagardère by Vivendi) and +8 million in foreign exchange effects. |
Evolution of Q1 2024 revenue by activity
At constant scope and exchange rates, compared to Q1 2023, the main sectors evolved as follows:
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Bolloré Energy: revenue fell 11% to 655 million euros, owing to a decrease in volumes sold against a backdrop of declining markets (domestic fuel oil and non-road diesel in particular) and, to a lesser extent, lower selling prices for oil products.
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Communications (Vivendi): revenue totalled 4,274 million euros, for organic growth of 5% compared with Q1 2023. It takes into account the growth of Canal+ (+3%), which increased television sales in mainland France and internationally by expanding its subscriber base, the increase in Lagardère revenue (+9%), driven mainly by continued double-digit growth in Travel Retail, and the strong sales momentum of Havas Group (+3%).
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Industry: revenue from industrial activities (Films, Blue, Systems) was 75 million euros, an improvement of 1%, benefiting from a slight increase in the Systems activities (specialized terminals and Polyconseil) and those of Blue (buses and batteries) and despite a decline in the Films business, mainly in dielectric films.
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(in millions of euros) |
2024 (1) |
2023 |
Reported |
Organic |
|
|
|
|
Restated (1) |
growth |
growth |
|
|
Bolloré Energy |
655 |
712 |
(8%) |
(11%) |
|
|
Communications (Vivendi) |
4,274 |
2,290 |
87% |
5% |
|
|
Industry |
75 |
74 |
1% |
1% |
|
|
Other (Agricultural Assets, Holdings) |
20 |
15 |
35% |
18% |
|
|
Total |
5,024 |
3,090 |
63% |
3% |
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Recent highlights and events:
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Share buyback by Vivendi
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The total number of shares repurchased by Vivendi under the share buyback program authorized by the Combined General Shareholders’ Meeting of April 24, 2023, amounted to 13 million for a total amount of €128 million, which of 10 million of shares repurchased in 2024.
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On April 2, 2024, Vivendi signed a put option agreement with CTS Eventim, a leading international player in ticketing and live entertainment, concerning its international festival and ticketing activities. The transaction is expected to close in the coming months, after consultation with the relevant employee representative bodies. Vivendi’s concert hall activities, including the Olympia in Paris, as well as See Tickets France and the Brive Festival, are not concerned by this agreement.
(1) In accordance with IFRS 5 and to ensure the comparability of the accounts, the 2023 and 2024 revenues of the Bolloré Logistics business have been reclassified as discontinued operations (this activity was sold on February 29, 2024).
Attachment
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