Vivendi: Improved Revenue Growth in the Third Quarter Of 2020
SHARE BUYBACK PROGRAM. Since January 1, 2020, Vivendi repurchased 58.4 million of its own shares (i.e., 4.92% of its share capital), representing €1,368 million, including 23.02 million shares under the previous buyback program and 35.35 million shares under the current program. As of October 19, 2020, Vivendi holds 62.3 million treasury shares, representing 5.25% of the share capital, of which 46.2 million shares are allocated to cancellation, 7.5 million shares allocated to covering performance share plans, and 8.6 million shares are held to back sales to employees and corporate officers (under employee shareholding plans). Havas Group is stepping up its efforts, initiated at the outset of the crisis, to adjust its organization and cost structure to limit the impact of falling revenues on EBITA. As a result of this agility, the pay-off from the cost- adjustment plan will enable Havas Group to absorb over half of the decline in its revenues over full-year. The strength of the market’s recovery has helped mitigate much of the negative impact of the containment and closure of a large part of the publishing sector's points of sale on sales. Since June 2020, the market has been growing every month compared to 2019. Wednesday, March 3, 2021: release of Vivendi’s 2020 annual earnings Thursday, April 22, 2021: release of Vivendi’ first quarter 2021 revenues Tuesday, June 22, 2021: Vivendi’s Annual General Shareholders’ Meeting.