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Vivendi confirms outlook as Q2 shows Canal Plus improving
August 31, 2017 / 3:56 PM / 3 months ago

Vivendi confirms outlook as Q2 shows Canal Plus improving

PARIS, Aug 31 (Reuters) - French media group Vivendi 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 amortisation (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

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