Vivendi Revenues Grow 9.7 Percent in 2001

Source: 
Vivendi

Vivendi Universal, the French media and utility conglomerate, reported Monday that its revenues rose 9.7 in 2001 on growth in its telecoms and environment services, slightly below a self-imposed target of 10 percent.

Vivendi's revenues were 57.36 billion euros ($50 billion) in 2001, compared with 53.05 billion euros ($46.3 billion) on a comparable basis in 2000.

The results reflect Vivendi's acquisition of Seagram's media businesses in late 2000. Actual reported revenue rose to 57.36 billion ($50 billion) from 41.58 billion euros ($36.29 billion) in 2000.

Revenue from Vivendi Environment, the water and waste management group in which Vivendi Universal owns 63 percent, rose 11 percent to 29.09 billion euros ($25.39 billion) from 26.29 billion euros ($22.94 billion) in 2000.

Revenue at the group's media division, which accounted for 50 percent of the company's business, rose 9.2 percent to 28.94 billion euros ($25.26 billion) from 26.50 billion euros ($23.12 billion)

Vivendi Universal said it would focus on internal growth this year, adding it expects revenue to increase by at least 10 percent.

Vivendi will report full results on March 5.

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