(Finance) – Vivendi closes fiscal year 2021 with revenues of € 9.57 billion, an increase of 10.4% compared to 2020 thanks to all the divisions of the group, Canal + Group, Havas Group and Editis and the integration of Prisma Media.
Adjusted net profit was 649 million, more than doubled compared to 292 million the previous year thanks to the “growth of EBITA (+392 million euros) and income from equity investments (+115 million euros), partially offset the decrease in Vivendi’s share of Telecom Italia’s profits, valued using the equity method “.
At the shareholders’ meeting on April 25, Vivendi will propose a dividend of 0.25 euros per share for the year 2021. The shareholders who kept the UMG (Universal Music Group) shares – reads the note to the accounts – received an aggregate dividend of 0.65 per share compared to the year 2021 (it was 0.60 euros for share compared to 2020), consisting of a dividend of 0.25 euros per share paid by Vivendi and a dividend of 0.40 euros per share paid by UMG in October 2021 and in the second quarter of 2022.
Writedown of the stake in TIM for 728 million
The French group, in the note accompanying the 2021 budget, announces that it has devalued the share TIM, in portfolio for 728 million euros (-0.20 euros per share) in particular “to account for the economic uncertainties and strategic changes that could affect TIM’s prospects”.