Vivendi Se - VIVHY STOCK NEWS

Vivendi reported a 3.3% revenue increase in Q1 2023, reaching €2,290 million, driven by Canal+ Group, Havas, and Gameloft. Canal+ Group's revenues rose to €1,478 million, with Studiocanal achieving a notable 13.6% growth, bolstered by successful film releases. Havas grew revenues by 3.5% to €611 million, reporting strong commercial momentum and new client contracts. Gameloft also showed robust performance, up 14.1% to €71 million, highlighted by the popularity of 'Disney Dreamlight Valley' and the launch of 'Disney Speedstorm'. A signed put option agreement for the sale of Editis was also announced, amidst ongoing preparations for the company's merger with Lagardère. However, Editis saw a revenue decline of 6.3%. Overall, Vivendi maintains confidence for 2023 despite economic uncertainties.

Vivendi Group is partnering with the Cinema For Change festival for the third consecutive year, scheduled from April 11-16, 2023, at the Grand Rex in Paris. This collaboration aims to raise awareness of the UN Sustainable Development Goals through film. Over 16,000 young people participated in the festival's Youth Prizes. Canal+ Group prominently supports the festival, featuring special screenings and awards, including the Canal+ KIDS Our Favorite Prize. Vivendi's commitment to promoting impactful storytelling aligns with its CSR program, Creation for Society, fostering awareness and action for a more sustainable world.

Vivendi has received recognition for its commitment to environmental sustainability, with its carbon reduction plan validated by the Science-Based Targets initiative (SBTi). The plan aims for a 71% reduction in scopes 1 and 2 emissions by 2035, covering nearly 70% of the Group's emissions. Additionally, Vivendi seeks a 43% reduction in absolute scope 3 emissions and aims for 85% of its suppliers to adopt science-based targets by 2026. The Carbon Disclosure Project awarded Vivendi an A- score in 2022, indicating significant progress in emissions reduction.

Vivendi has reaffirmed its commitment to innovation and its goal of becoming a global entertainment leader, as it showcases its metaverse initiatives at the 'French Weeks' event in The Sandbox from March 23 to April 6, 2023. In collaboration with Havas Play, Vivendi has created an interactive 'clubhouse' where players can participate in a 'scavenger hunt' to discover its core business values through virtual experiences. This initiative highlights Vivendi's early positioning in the metaverse and its intention to engage with the community in innovative ways.

Vivendi, a notable media group, has established a partnership with Plastic Odyssey to combat ocean plastic pollution. With 20 tons of plastic entering oceans every minute, this initiative will see a ship traverse the Mediterranean and Atlantic Oceans for three years, promoting local waste management and recycling efforts. Vivendi's media channels, including Canal+ and Prisma Media, will create impactful content to raise awareness and support these goals. Vivendi is also committed to sustainable practices, producing set-top boxes with over 95% recycled plastic, thus reducing their carbon footprint by 40%. This partnership aligns with Vivendi's CSR program, Creation for The Planet.

The Vivendi Combined General Shareholders' Meeting is scheduled for April 24, 2023, at 10:00 am in Paris. The preliminary notice, detailing the agenda and draft resolutions, was published today in the Bulletin des Annonces Légales Obligatoires. It also outlines the participation and voting instructions for shareholders. Relevant documents will be available on Vivendi's website, ensuring compliance with legal requirements. Vivendi is recognized for its integrated media and communications capabilities, striving for a carbon-neutral future while promoting access to culture and education.

Vivendi announced it has received several offers for the sale of 100% of Editis shares following a Supervisory Board meeting held on March 8, 2023. The Management Board chose to enter exclusive negotiations with International Media Invest a.s, a subsidiary of Czech Media Invest, which will require European Commission approval. Consequently, plans to distribute Editis shares to Vivendi shareholders and list them on the Euronext Growth market are currently on hold. Vivendi is focused on building a world-class content, media, and communications group, with various complementary assets in multiple sectors.

Vivendi reported a 10.1% increase in revenues for 2022, totaling €9.6 billion, attributed to strong performances from Havas, Canal+ Group, and Gameloft. EBITA surged 35.6% to €868 million, aided by contributions from Universal Music Group and Lagardère. Despite this growth, adjusted net income excluding Telecom Italia rose 19.4% to €677 million, while the company faced a loss of €1.0 billion attributable to Vivendi SE shareowners, primarily due to the deconsolidation of Telecom Italia. Vivendi aims to strengthen its position through international expansion and strategic acquisitions.

Gameloft, a leading game developer, has appointed Alexandre de Rochefort as CEO, previously serving as General Manager and CFO. This transition comes as Gameloft enjoys success with the game Disney Dreamlight Valley. Alongside Rochefort, Hoang-Vi Klatchoian is appointed CFO and Pierre-Yves Berthet becomes Chief Strategy & Transformation Officer. The move reflects Vivendi’s commitment to promoting internal talent. Former COO Baudouin Corman is stepping down after a significant tenure. These leadership changes aim to bolster Gameloft's growth and transformation into a cross-platform game developer.