Company PerformanceAnalyst reiterates Buy rating, with 38% upside to 12-month price target, viewing Vivendi as one of the most undervalued assets with value crystallisation potential.
Financial PerformanceEPS of €0.70 came in well ahead of consensus at €0.59/€0.63 on the back of lower taxes and higher interest income.
Strategic DevelopmentsManagement provided an encouraging update on the split project with a potential update in the coming weeks and no major tax impact expected.