FINANCIERE DE L'ODET : Financial information for the third quarter 2018

FINANCIÈre de l'odet   PRESS RELEASE Financial information for the third quarter 2018 November 15, 2018 Revenue for the third quarter: +10% organic growthRevenue for the 3 rdquarter 2018: €5,627 million including €3,382 million from Vivendi...

London, 15/11/2018 (informazione.news - comunicati stampa - trasporti)

At constant scope and exchange rates, the Group's revenue for the third quarter 2018 increased by 10% to €5,627 million. This development mainly includes:
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It also includes the increase in communication businesses (+6%), which benefit in particular from the growth in music and a slight increase in electricity storage and solutions (+0.2%).

Revenue as reported increased by 9% compared to revenue for the third quarter 2017.

At constant scope and exchange rates, revenue at the end of September 2018 increased by 8% to €16,496 million.

Revenue as reported increased by 35%, taking into account €3,558 million in changes in scope, mainly related to the integration of Vivendi , and -€458 million in foreign exchange impacts, related to the increase in the value of the euro against almost all currencies, particularly the US dollar.

        * 2017 data, restated for IFRS 15

At constant scope and exchange rates, compared to the first nine months of 2017, the main sectors changed as follows:

Vivendi will hold working sessions with these banks before the end of fall to determine their qualifications and discuss the potential terms of engagement and fees.

The end goal of these working sessions is to select and retain five to seven banks that will be charged with finding the best partners for UMG.

The cash from this sale could be used for a significant share repurchase program in the form of a tender offer and for potential acquisitions.

·         Editis: On November 15, 2018, Vivendi entered into a share purchase agreement with Grupo Planeta for 100% of the share capital of Editis, the second largest French publishing group, following the exclusive negotiations that began on July 30. The enterprise value retained is €900 million.
Editis encompasses around fifty publishing houses (e.g., Nathan, Bordas, Robert Laffont, Presses de la Cité, Julliard, XO, Plon, Perrin, Pocket, Belfond or Le Cherche Midi) and many successful authors (e.g., Marc Levy, Michel Bussi or Raphaëlle Giordano).

(1) At constant scope and exchange rates
* restated for IFRS 15

All amounts are expressed in millions of euros and rounded to the nearest decimal.
As a result, the sum of the rounded amounts may differ slightly from the reported total.