This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Vivendi: Growth In 2010 Earnings

Regulatory News:

Note to readers: This press release contains audited consolidated earnings established under IFRS which were approved by Vivendi’s Management Board on February 22, 2011 and reviewed by the Supervisory Board on February 28, 2011. They will be submitted for approval at Vivendi’s Annual General Shareholders’ meeting on April 21, 2011.

  • 6.2% growth in EBITA
  • 4.4% growth in Adjusted net income
  • Proposed €1.40 dividend per share
  • Revenues: €28,878 million, up 6.4%
  • EBITA 1: €5,726 million, up 6.2% in particular due to Activision Blizzard and GVT
  • Adjusted Net Income 2: €2,698 million, up 4.4%
  • All businesses achieved their targets
  • Vivendi controls all of its assets and maintains a strong balance sheet

Comments by Jean-Bernard Lévy, CEO of Vivendi

“Vivendi achieved good results in 2010. All indicators improved compared to 2009. This performance was driven by our growth investments, particularly in video games, Brazil and broadband in France. Despite difficult economic conditions, and regulatory and tax measures weighing heavily on our investment, 2011 should see slight growth in our earnings at constant perimeter and the maintaining of a high cash dividend.

Following the sale of our stake in NBC Universal and the favorable settlement of the litigation in Poland, Vivendi controls alone all of its assets. More than ever, customers of digital content and services lie at the heart of our focus. We will combine our investment in networks, platforms and content with sustained efforts to develop projects, to share expertise between our divisions and stimulate innovation to enhance our organic growth.”

Vivendi Business Units: Comments on Revenues and EBITA for 2010

Activision Blizzard

Activision Blizzard’s revenues reached €3,330 million, a 9.6% increase compared to the same period in 2009, and EBITA reached €692 million, a 43% increase. These results were determined using the accounting principles requiring revenues and related cost of sales associated with online component games to be deferred over the estimated customer service period. The balance of deferred operating margin was €1,024 million as of December 31, 2010, compared to €733 million as of December 31, 2009.

1 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,011.62 +29.03 0.17%
S&P 500 1,980.10 +1.19 0.06%
NASDAQ 4,458.7920 +13.8830 0.31%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs