(News Bulletin 247) – UBS confirms its advice to buy on the stock and raises its price target to 15.4 E (instead of 14.6 E) after the 2022 results.
The analyst underlines that the results of Canal+ and Havas are higher than those of financial year 22. The activity was in fact mainly driven by the performance of Havas (+424 million euros), the growth of Canal+ Group ( +100 million euros) as well as the very strong growth of Gameloft (+56 million euros).
“As FY22 results were better than expected, we are raising EPS and reiterating our Buy rating,” UBS said.
Vivendi published revenue of €9,595 million for the 2022 financial year, up +5.1% at constant scope and exchange rates (lcc) compared to 2021.
The net result, group share shows a loss of 1,010 million euros against a profit of 24,692 million euros in 2021.
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