Seven months after the split, the former Vivendi is still not performing miracles on the stock market

Just seven months ago, they were united under the Vivendi banner. Canal+, Havas, and Louis Hachette Group published their half-year results this week, the first since the split of the conglomerate controlled by the Bolloré group. The former subsidiaries, which have become autonomous, are posting solid performances against a backdrop of macroeconomic turbulence.

Following a first half year rich in strategic repositioning, the encrypted channel generated €3 billion in revenue. This represents a 0.9% increase year-on-year, "excluding the impact of the termination of the partnership with Disney and the discontinuation of C8." Its adjusted operating profit stood at €246 million, down 21.6% year-on-year, due to the exceptional impact of last year's acquisition of OCS.

Listed in London, the flagship of the Bolloré empire stands out above all for its net cash flow of €416 million. The group has just received the green light to take over the South African MultiChoice ...