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Financière de l’ODet : First half 2020 results

Written by Customer Service on . Posted in Public Companies.

FINANCIERE DE L’ODET                                      
                                                                                                                  PRESS RELEASE
Good half-year 2020 results for all business lines
despite the pandemicAdjusted operating income (EBITA(1)): €943 milion, +3%Net income : €750 million, +43%      Of which Groupe share : €84 million, +9%Revenue: €11,612 million, -1%.EBITDA: €1,550 million, +10%Adjusted operating income (EBITA (1)) €943 million, +3%:Net income: €750 million, up by 43% and net income, Group share of
€84 million, an increase of +9%. This does not include the gain on the sale of 10% of the share capital of UMG on March 31, 2020, on the basis of an enterprise value of €30 billion for 100% of UMG. The sale was recognized in equity in the amount of €2.8 billion.Net debt: €7,533 million, down by €1,248 million compared to December 31, 2019 (of which Financière de l’Odet, excluding Vivendi: €4,476 million, down -€241 million)Improved gearing: 30% compared to 37% at the end of 2019 and continued high liquidity of
€8.2 billion (of which €2.8 billion for Financière de l’Odet) 

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