2018 Results

FINANCIÈRE DE L'ODET

Puteaux, 14/03/2019 (informazione.news - comunicati stampa - trasporti)

 

2018 results

(1) EBITDA: operating income less depreciation, amortization and operating provisions (including the share of net income of companies accounted for under the equity method)
(2) At Vivendi, primarily Telecom Italia as of December 31, 2017 and four months of Vivendi accounted for under the equity method in Bolloré's financial statements between January 1 and April 26, 2017. The interest in Telecom Italia was reclassified to equity-accounted non-operating companies on January 1 2018.
 (3) Gearing: ratio of net debt to equity

* Restated data as of December 2017, see “Comparability of financial statements”.

(1)    Before trademark fees
(2)  Including, in 2018, full consolidation of Vivendi over 12 months, i.e. €959 million (vs. eight months of full consolidation and four months under the equity method and 12 months of Havas, i.e. €803.6 million, in 2017)

The audit of the 2018 consolidated financial statements has been completed, and the certification report will be issued after review of the management report.

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Comparability of financial statements

New standards applied from January 1, 2018

Vivendi's €1,213m capital gain following the sale of its stake in Ubisoft on March 20, 2018 could not be recognized in the income statement except for €53m (corresponding to the revaluation of the stake in 2018).
Under the former IAS 39, it would have been fully recognized in the income statement in 2018.

                        The euro strengthened against the main currencies compared with 2017.
                         

Restated data as of December 2017, see “Comparability of financial statements”.

IFRS 15 restatement

EBITDA: operating income less depreciation, amortization and operating provisions (including the share of net income of companies accounted for under the equity method).

Reported EBITA data by Vivendi at constant scope and exchange rates. EBITA before Canal+ Group restructuring +22%.

Only €53 million was recognized in the income statement in accordance with IFRS 9, applied since January 1, 2018.

Restated data as of December 2017, see “Comparability of financial statements”

Excluding Vivendi

Including Havas

Including the share-loan agreement for 0.9% of the share capital and the remaining call options, which represent 1% of capital.

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