Second-Quarter Profit Stable at Vivendi

PARIS, September 2:
Vivendi’s second-quarter financials show a 15.1-percent increase in revenues,
to 6 billion euros, while adjusted net income was stable at 757 million euros,
with strong gains recorded at the Canal+ Group.

Jean-Bernard Lévy, the
chairman of Vivendi’s Management Board, stated: “Vivendi’s performance during
the second quarter 2008 reflects the quality and dynamism of our business units
in a tighter economic environment.”

Lévy concluded: “As a
result of the first half 2008 earnings, Vivendi confirms its full-year outlook,
expecting to deliver profit growth similar to 2007.”

Canal+ Group reported
EBITA, excluding transition costs linked to the TPS merger, of 399 million
euros, up 17.4 percent. EBITA growth was mainly led by the strong performance
of pay-TV operations in France, which were up 55 million euros excluding
transition costs. EBITA from Canal+ Group’s other operations increased by 4
million euros.

—By Mansha Daswani