PARIS Nov 13 Entertainment-to-telecom group
Vivendi raised its 2012 adjusted net income target to
2.7 billion euros ($3.43 billion)from 2.5 billion, saying
business performance was offsetting the economic slowdown and a
heavier tax environment.
Stronger sales at its video game unit Activision Blizzard
are helping compensate for ongoing weakness at its
largest unit, French telecom operator SFR, which has been hit by
a new low-cost mobile player in its home market.
Vivendi added that it now expects SFR to post a decrease in
full-year earnings before interest, tax, depreciation and
amortisation (EBITDA) of close to 12 percent, against 12-15
percent predicted previously.