Compagnie de l'Odet

Financial information for Q1 2024

COMPAGNIE DE L'ODET

Financial information for Q1 2024

April 29, 2024

Revenue for Q1 2024:

+3% at constant scope and exchange rates (+63% on a reported basis)

Revenue for Q1 2024 At constant scope and exchange rates, Compagnie de l’Odet revenue for the first quarter of 2024 rose 3% to 5,024 million euros: Bolloré Energy: 655 million euros, down 11%, due to lower volumes sold and selling prices for oil products; Communications (Vivendi): 4,274 million euros, up 5% thanks to growth at Lagardère (+9%), Groupe Canal+ (+3%) and Havas Group (+3%); Industry: 75 million euros, up 1% on a slight increase in Blue and Systems business, and despite a decline in Films. On a reported basis, revenue was up 63% compared to first-quarter 2023, including +1,788 million euros in changes in scope (of which +1,730 million euros corresponding to the full consolidation of Lagardère by Vivendi) and +8 million in foreign exchange effects.

Evolution of Q1 2024 revenue by activity

At constant scope and exchange rates, compared to Q1 2023, the main sectors evolved as follows:

• Bolloré Energy: revenue fell 11% to 655 million euros, owing to a decrease in volumes sold against a backdrop of declining markets (domestic fuel oil and non-road diesel in particular) and, to a lesser extent, lower selling prices for oil products.
• Communications (Vivendi): revenue totalled 4,274 million euros, for organic growth of 5% compared with Q1 2023. It takes into account the growth of Canal+ (+3%), which increased television sales in mainland France and internationally by expanding its subscriber base, the increase in Lagardère revenue (+9%), driven mainly by continued double-digit growth in Travel Retail, and the strong sales momentum of Havas Group (+3%).
• Industry: revenue from industrial activities (Films, Blue, Systems) was 75 million euros, an improvement of 1%, benefiting from a slight increase in the Systems activities (specialized terminals and Polyconseil) and those of Blue (buses and batteries) and despite a decline in the Films business, mainly in dielectric films.