Vivendi looks to improve upon '06

Empty

French media and telecommunications group Vivendi expects its 2007 adjusted profit to be at least equal to 2006 levels despite some exceptional charges, CEO Jean-Bernard Levy said Monday in an interview with newspaper Les Echos. "In 2007, our adjusted net profit will be at least equal to that of 2006, that is to say at least €2.6 billion or the best performance ever registered by Vivendi," the newspaper quoted him as saying. Levy said Vivendi will book exceptional charges of €350 million ($455.7 million) following the acquisition of TPS by its Canal Plus pay TV unit. He said the charges would mainly be booked in its 2006 and 2007 financial years with some added charges to be taken in 2008.
comments powered by Disqus