Vivendi confirms outlook as Q2 shows Canal Plus improving

Reuters News
Posted: Aug 31, 2017 12:00 PM

PARIS (Reuters) - French media group Vivendi <VIV.PA> reported better than expected core profit growth for the second quarter on Thursday and confirmed its outlook for the full year, saying its struggling Canal+ pay TV arm was showing signs of improvement.

Earnings before interest, tax and amortization (EBITA) grew 16 percent from a year earlier to 203 million euros ($242 million), it said in a statement.

A poll of analysts for Reuters by Inquiry Financial had forecast on average an EBITA result of 183 million euros.

($1 = 0.8404 euros)

(Reporting by Andrew Callus; Editing by Sudip Kar-Gupta)