Vivendi's first-quarter sales rise 4.4%, led by Universal [Reuters]
VIVENDI SE UNSP/ADR (VIVHY)
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Source: Reuters
Vivendi's first-quarter sales rise 4.4%, led by Universal PARIS (Reuters) - French media conglomerate Vivendi ( VIV.PA ) reported on Monday a 4.4% growth in revenue in the first quarter at constant currency and perimeter, led by its music division Universal. Vivendi’s revenue rose to 3.87 billion euros ($4.20 billion)over the period from 3.46 billion a year earlier, the Paris-based group said in a statement. The group’s advertising unit Havas, as well as publishing subsidiary Editis, suffered a decline in their activities in March due to the coronavirus outbreak, Vivendi said, adding that sales for these businesses were likely to be affected in the second quarter.
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