PARIS (Business) – French media conglomerate Vivendi reported on Monday a 4.4% growth in revenue in the first quarter at constant currency and perimeter, led by its music division Universal.
Vivendi’s revenue rose to 3.87 billion euros (3.37 billion pounds) over the period from 3.46 billion a year earlier, the Paris-based group said in a statement.
The group’s advertising unit Havas, as well as publishing subsidiary Editis, suffered a decline in their activities in March due to the coronavirus outbreak, Vivendi said, adding that sales for these businesses were likely to be affected in the second quarter.
(Photos syndicated via Reuters)