Revenues[1]: €22.135 billion, up 0.2% at constant currency (-2.0% at actual currency and -4.0% at constant currency and perimeter) compared to 2012. Vivendi’s media and content activities increased strongly by 10.1% at constant currency (+5.7% at actual currency and +1.7% at constant currency and perimeter).
The SFR transformation plan has been a success: in the fourth quarter 2013, SFR recorded its best commercial performance over the last two years in the Retail Postpaid Mobile market.
EBITA1,[2]: €2.433 billion, down 20.6% at constant currency (-23.1% at actual currency) compared to 2012, due in particular to SFR adapting to a strong competitive environment.
Adjusted Net Income[3]: €1.540 billion, down 9.7% compared to 2012.
Earnings attributable to Vivendi SA shareowners: €1.967 billion, compared to €179 million in 2012. These earnings included the capital gain on the sale of Activision Blizzard, which was partially offset by the impairment of SFR’s goodwill.
Cash Flow From Operations: €1.453 billon, up 19.8% compared to 2012.
Financial Net debt: reduction to €11.1 billion at year-end 2013, compared to €13.4 billion at year-end 2012. It would amount to €6.9 billion including the disposal of the Maroc Telecom interest[4].
QE: zie voorlopige results voor 2013; met bod van Bouygues 8.4B cash in de plus (na effectuering verkoop Maroc telco en SFR) en idem met Altice 6.95.
bij een beurswaarde van ongeveer 27 B zijn Canal+, Universal Media group en GDR samen dus 18.6 + 22% SFR/Bouygtel of 20B 33%SFR/Altice waard