Vivendi Universal Reports First Half 2005 Revenues Up 7% on a Comparable Basis.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Vivendi Universal Note to readers: Vivendi Universal provided preliminary, unaudited revenue information for the first half of 2005 on an IFRS basis in accordance with European regulatory requirements. First Half of 2005 Revenues Vivendi Universal's as published revenues for the first half of 2005 amounted to EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 9,131 million compared to EUR 8,406 million for the first half of 2004, an increase of 9%. On a comparable basis(1), first half of 2005 revenues amounted to EUR 9,086 million compared to EUR 8,479 million for the first half of 2004, an increase of 7% (+8% at constant currency). Second Quarter of 2005 Revenues Vivendi Universal's as published revenues for the second quarter of 2005 amounted to EUR 4,622 million compared to EUR 4,274 million for the second quarter of 2004, an increase of 8%. On a comparable basis, second quarter of 2005 revenues amounted to EUR 4,607 million compared to EUR 4,331 million for the second quarter of 2004, an increase of 6% (+7% at constant currency). Universal Music Group First Half: Universal Music Group's (UMG UMG Universal Music Group UMG Universidad Mariano Gálvez de Guatemala (Mariano Galvez University of Guatemala) UMG Upgraded Metallurgical Grade (silicon) UMG Unlicensed Medical Graduate ) revenues of EUR 2,092 million were up 9% on a comparable basis(2) and at constant currency, driven by very strong sales in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and growth in Germany, the U.K., Australia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Digital sales represented 4.9% of UMG's total revenues. Best sellers were new releases from 50 Cent CENT, money. A copper coin of the United States of the value of ten mills; ten of them are equal to a dime, and one hundred, to one dollar. Each cent is required to contain one hundred and sixty-eight grains. Act of January 18th, 1837, 4 Sharsw. cont. of Story',s L. U. S. 2524. , Mariah Carey, The Game and Black Eyed Peas This article is about the American hip hop group. For the vegetable, see Black-eyed pea. The Black Eyed Peas are an American hip hop group from Los Angeles, California, who have enjoyed worldwide pop success. The group is currently composed of will.i.am, apl.de. in addition to very strong carryover carryover n. in taxation accounting, using a tax year's deductions, business losses or credits to apply to the following year's tax return to reduce the tax liability. (See: carryback) sales from Gwen Stefani, The Killers and Akon. Regional best sellers included Mylene Farmer, Chimene Badi and Schnappi in Europe, Ivete Sangalo and Juanes in Latin America and Spitz spitz Any of several northern dogs, including the chow chow, Pomeranian, and Samoyed, characterized by a dense, long coat, erect pointed ears, and a tail that curves over the back. In the U.S. in Asia. In the U.S., total album unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. for the industry as measured by SoundScan(3) fell 7.6%; however, UMG outperformed the market with a 9.3% increase in sales driving a 5 percentage point increase in market share to 32.0%. Major releases scheduled for the remainder of 2005 include new albums from Andrea Bocelli Andrea Bocelli (born 22 September 1958) is a renowned Italian singer. He is both an operatic tenor and a classical crossover singer. To date, he has recorded six complete operas — La Bohème, Il Trovatore, Werther, Pagliacci, , Ashlee Simpson, Blink 182, Bon Jovi  This article or section reads like a and may need a .Please help [ to improve this article] to make it in tone and meet Wikipedia's . , Dr. Dre, Enrique Iglesias Enrique Miguel Iglesias Preysler (born on May 8, 1975, in Madrid, Spain) is a singer/songwriter of Asian and European ancestry. Iglesias's career started on Indie label Fonovisa who helped turn him into one of the most popular artists in Latin America and in the Latin market , Hoobastank, Jamie Cullum Jamie Cullum (born August 20, 1979) is an English jazz/pop pianist and singer-songwriter. Biography Cullum was born at Rochford hospital in Essex. His mother, Yvonne, is a secretary of Anglo-Burmese origin, whose family settled in Wales after Burma's independence; his , Jay Z, Kanye West, Ludacris, Mary J. Blige, Masaharu Fukuyama Masaharu Fukuyama (福山 雅治 Fukuyama Masaharu , McFly, Michel Sardou Michel Sardou (born January 26, 1947) is a French singer. He was born in Paris, the son of Fernand Sardou and Jackie Rollin (Jackie Sardou). Contrary to claims common towards the beginning of his career, he is not the grandson of the dramatist Victorien Sardou. , Nickelback, Rammstein, Sheryl Crow and Texas. Second Quarter: UMG's revenues of EUR 1,054 million were up 5% on a comparable basis and at constant currency, reflecting very strong sales in North America and growth in on-line and mobile activity. Digital sales represented 5.5% of UMG's total revenues. Best sellers in the period were Mariah Carey and new releases from Black Eyed Peas, Toby Keith <noinclude></noinclude> The introduction of this article is too short.To comply with Wikipedia's lead section guidelines, it should be expanded. and Audioslave. Regional best sellers included the Kaiser Chiefs
Kaiser Chiefs are an English rock band from Leeds. Nicknamed KC the group was founded in 1997, and consists of Ricky Wilson (vocals), Andrew 'Whitey' White (guitar), Simon Rix (bass), Nick and Gregory Lemarchal in Europe and Naotaro Moriyama in Asia. Vivendi Universal Games Universal Games is a Nevada company that produced such board games as Merger, Titanic: The Board Game, and the Apollo 13 edition of Solarquest. In 1965, their address was in Houston, Texas. Universal Games released Merger, a financial game for 2-4 players. First Half: Throughout the first half of 2005, Vivendi Universal Games' (VUG vug n. A small cavity in a rock or vein, often with a mineral lining of different composition from that of the surrounding rock. [Cornish vooga. ) revenues of EUR 238 million were 61% above the prior year (up 67% at constant currency). This increase was driven by the critically acclaimed ac·claim v. ac·claimed, ac·claim·ing, ac·claims v.tr. 1. To praise enthusiastically and often publicly; applaud. See Synonyms at praise. 2. subscription-based massively multiplayer online role-playing game  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. as well as the first quarter launch of
Robots, the children's game based on the Robots movie released by
Fox. World of Warcraft successfully launched commercially in Europe,
Korea and China and continues to be the fastest-growing game in its
category, achieving over 2 million customers via directly managed
operations in North America, Europe and Korea, and 1.5 million paying
customers in China (as of July 2005, with a commercial launch on June 7,
2005) in conjunction with local partner The9.Other top performing titles for the first half of 2005 include the new releases Empire Earth 2 and SWAT 4 as well as strong carryover sales of Half-Life 2 and Simpson's: Hit & Run. Second Quarter: For the second quarter of 2005, VUG's revenues of EUR 125 million were 76% above the prior year (up 83% at constant currency). This dramatic increase was driven by the success of World of Warcraft. Other top performing titles in the second quarter include the new releases Empire Earth 2 and SWAT 4, as well as continuing sales of the first quarter release Robots. Canal+ Group First Half: Canal+ Group reported first half revenues of EUR 1,697 million. On a comparable basis(4), revenues remained stable compared to the first half of 2004. Canal+ group's core business revenues, French pay-television, grew 2% on a comparable basis. Canal+'s revenues were up compared to the same period in 2004. This result was achieved due to the growth of its portfolio as well as an increase of the advertising revenues due to a growth in its TV ratings and the improvement of its brand image. In terms of new subscriptions, this time period was the best first half since 1991, with almost 250,000 new subscriptions to the channel. This highlighted the momentum of Canal+ offers, primarily driven by the success of Canal+ Le Bouquet bouquet a structure resembling a cluster of flowers. which represented over 50% of CANAL+ new subscriptions in June 2005. In addition, Canalsat increased its revenues compared to the same period in 2004. In January 2005, its portfolio topped 3 million subscriptions. Canal+ group's offers on ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line - Canal+ Le Bouquet and Canalsat - showed very strong performances with approximately 100,000 subscriptions at the end of June 2005. On a comparable basis, French pay-television total subscription portfolio grew from 7.72 million subscriptions as of June 2004 to 7.96 million as of June 2005. Canal+ group's Polish activities achieved good performances over the period, benefiting from a growing portfolio and a better churn rate (1) The percentage of customers who cancel their online, cellphone or other subscription service during a certain time period. (2) The percentage of employees who leave the company during a certain time period. See churning. . Revenues for Canal+ group's movie business decreased further due to the focus on the most profitable activities and to high performances during the same period in 2004. At the end of the first half of 2005, major theatrical releases included "Million Dollar Baby" directed by Clint Clint is the diminutive word for the given name Clinton and may refer to: People:
Pollack , "Kingdom of Heaven" directed by Ridley ridley: see sea turtle. Scott and major DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. releases include "Comme une image" directed by Agnes Jaoui and "Bridget Jones: the Edge of Reason" directed by Beeban Kidron. Major releases scheduled for the remainder of 2005 include "Shaun of the Dead Shaun of the Dead is a zombie-themed romantic comedy (or "rom zom com" as it dubs itself), released in 2004. It was written by Simon Pegg and Edgar Wright, directed by Edgar Wright, and stars Simon Pegg and Nick Frost. " directed by Edgar Wright, "Gabrielle" directed by Patrice Chereau, "L'Anniversaire" directed by Diane Kurys and the DVDs "Million Dollar Baby" directed by Clint Eastwood, "Les Poupees russes" directed by Cedric Kaplish, "Vera Drake drake 1. male duck. 2. loliumtemulentum. " directed by Mike Leigh, "Le Couperet" directed by Costa-Gavras, "De Caunes Garcia, Vol.2", "Eric Ke Ramzy Nouveau nou·veau adj. New and different, often fashionably so: "The perfect [Los Angeles] combination: a gas station that is also a nouveau convenience store" spectacle Spectacle Speed (See SWIFTNESS.) Aïda opera renowned for its scenic grandeur; sometimes played with on-stage elephants. [Ital. " and reissue re·is·sue v. re·is·sued, re·is·su·ing, re·is·sues v.tr. To issue again, especially to make available again. v.intr. To come forth again. n. 1. of "Angel Heart" directed by Alan Parker. Second Quarter: Canal+ Group reported second quarter revenues of EUR 816 million. On a comparable basis, revenues decreased slightly by 1%. Revenues of French pay-television grew 4% on a comparable basis. Compared to the second quarter of 2004, Canal+ revenues increased 2%. Over the period, the channel achieved good performances in terms of new subscriptions. In addition its advertising revenues grew slightly over the period. The quarter revenues were also positively impacted by the good performance of Canalsat. At the end of June 2005, Canalsat launched its TV channels offer on 3G phones with SFR SFR Swiss Franc (national currency) SFR Société Française du Radiotéléphone (French cellular provider) SFR Single Family Residence SFR Single Family Residence (real estate) . In parallel, revenues for the movie business decreased mainly due to high performances during the second quarter of 2004 (with the theatrical releases of "Les Rivieres Pourpres 2", "Podium podium In architecture, a pedestal on a large scale. It may be any of various elements that form the base of a structure, such as the platform forming the floor and substructure of a Classical temple, a low wall supporting columns, or the structurally or decoratively " and the DVD release of "Les Nuls, L'Integrule"). SFR Following the announcement, on May 11, 2005, of the Cegetel and neuf telecom merger plan to set up the leading alternative operator for fixed telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. in France and in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System , the Fixed Operation of SFR Group - the subsidiary Cegetel - is not integrated in Vivendi Universal's revenues. As a consequence, numbers reported for SFR for both 2004 and 2005 correspond only to the Mobile Operation. First Half: Revenues grew by 22% to EUR 4,239 million. On a comparable basis(5), mobile telephony Meaning "sound over distance," it refers to electronically transmitting the human voice. In the beginning, telephony dealt only with analog signals in the circuit-switched networks of the telephone companies. revenues were up 8%, mainly reflecting the year on year increase in the customer base combined with a slight increase in blended ARPU (Average Revenue Per User) A calculation often used to determine the overall value of an application. It is also used to rate particular customers, especially in the wireless space, by comparing someone's account to the overall average. (6) despite mobile voice termination rate cut of 16.3% on January 1, 2005. SFR proved ongoing commercial vitality vi·tal·i·ty n. 1. The capacity to live, grow, or develop. 2. Physical or intellectual vigor; energy. in the first half of 2005 and renewed its 2003 and 2004 performance by keeping its market leadership on net additions with 49% market share as measured by ARCEP ARCEP Autorité de Régulation des Communications Électroniques et des Postes (France) (the French telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. regulator regulator, n the mechanical part of a gas delivery system that controls gas pressure that allows a manageable flow of drug vapor to escape. regulator see reducing valve. ) with 406,000 net new customers, taking its registered customer base to 16.225 million, a 9% increase against last year. SFR increased market share on the French mobile market to 35.8% at the end of June 2005 compared to 35.4% at the end of June 2004. The increased customer mix to 62% of postpaid post·paid adj. With the postage having been paid in advance. postpaid Adverb, adj with the postage prepaid Adj. 1. at the end of the first half of 2005, against 59% at the end of the first half of 2004 led to a 7% increase of the blended average voice usage per customer (AUPU)(7) to 277 minutes per month and to a 1% growth of the annual rolling blended ARPU excluding mobile termination to EUR 433 compared to EUR 429 in June 2004, despite the voice termination rate cut. On the commercial side and in order to develop voice usage, SFR launched new tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic plans including unlimited communications to three SFR customers as of April 2005. Following the successful launch of 3G services in November 2004, SFR recorded 156,000 3G customers at the end of June 2005 and confirmed its goal to further develop new data services, especially around TV and music usage. Among others, SFR signed in June an agreement with Canalsat to launch the world's first TV channel package for cell phones and in July a major strategic agreement with Universal Music Group for the distribution of music content over mobile phones. Net data revenues(8) improved significantly to represent 12.7% of network revenues (excluding mobile termination) for the first half of 2005, compared to 10.5% on the same period last year, mainly due to the 25 % increase in text messaging Sending short messages to a smartphone, pager, PDA or other handheld device. Text messaging implies sending short messages generally no more than a couple of hundred characters in length. (SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. ), the multiplication multiplication, fundamental operation in arithmetic and algebra. Multiplication by a whole number can be interpreted as successive addition. For example, a number N multiplied by 3 is N + N + N. by 2.5 of multimedia messages (MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. ) sent by SFR customers and the confirmed success of Vodafone Live!: 3,193,000 SFR customers were recorded to the mobile multimedia services portal compared to 1,073,000 at the end of June 2004. This contributed to a 25% growth in net data ARPU to EUR 55, which puts SFR at the level of the major mobile European operators. Second Quarter: Mobile telephony achieved a revenue growth of 23% to EUR 2,175 million. On a comparable basis, mobile telephony revenues were up 9%, mainly reflecting the year on year increase in the customer base combined with a stable ARPU. Maroc Telecom Maroc Telecom (Arabic: اتصالات المغرب; Itissalatt Al Maghreb; Acronym: IAM) is the main telecommunication . IAM employs around 11,178 employees. First Half: Maroc Telecom's revenues to EUR 877 million increased by 17%, compared to the same period last year (+14% at constant currency on a comparable basis(9)) mainly thanks to the performance of mobile and internet businesses. Mobile revenues of EUR 538 million increased by 31%, compared to the same period last year (+27% at constant currency on a comparable basis). Excluding the impact of the increase of the incoming international interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. tariff applied by ANRT ANRT Association Nationale de la Recherche Technique (France) ANRT Agence Nationale de Réglementation des Télécommunications (French) ANRT Atelier Nationaux de Reproduction des Thèses as of January 1, 2005, the revenue increased by 25% (+21% at constant currency on a comparable basis). This increase is explained by the continuing growth of the customer base(2) (7.4 million customers, +35% compared to the same period last year), significantly strong on the first half, with a net increase of the customer base to approximately 1.1 million, linked to the intensification in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: of communications campaigns, the launch of new offers and also by the growth of prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. ARPU(10) at EUR 8.8 (+4%
compared to the same period last year at constant currency and -3% at
constant currency excluding the impact of the increase of the incoming
international interconnection tariff) in spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding.See also: Spite the strong growth of the customer base. Fixed telephony and internet revenues of EUR 520 million increased by 7% compared to the same period last year (+5% at constant currency on a comparable basis), mainly thanks to the growth of the fixed customer base and of broadband internet See broadband. activity, to the continuing growth of incoming international traffic which offset the decrease of the average invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. per customer. The fixed customer base(11) reached 1.35 million of lines (+3% compared to the same period last year) mainly due to the growth of the public telephony base. The ADSL customer base, thanks to the price decrease as of March 2005, continued its development to a little more than 135,000 accesses at the end of June 2005 compared to approximately 60,000 at the end of December 2004. Second Quarter: Revenues of EUR 454 million increased by 19% compared to the same period last year (+16% at constant currency on a comparable basis). Second quarter mobile telephony revenues grew 35% to EUR 283 million compared to the same period last year (+31% at constant currency on a comparable basis). Excluding the impact of the increase of the incoming international interconnection tariff, the revenues increased by 29% (+25% at constant currency on a comparable basis). Second quarter fixed and internet telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. revenues grew 8% to EUR 264 million compared to the same period last year (+6% at constant currency on a comparable basis) Important disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the : This press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to the risks described in the documents Vivendi Universal has filed with the U.S. Securities and Exchange Commission and with the French Autorite des Marches Financiers. Investors and security holders may obtain a free copy of documents filed by Vivendi Universal with the U.S. Securities and Exchange Commission at www.sec.gov or directly from Vivendi Universal. Vivendi Universal does not undertake, nor has any obligation, to provide, update or revise any forward-looking statements.
(1) Comparable basis essentially illustrates the effect of the
divestitures that occurred in 2004 (mainly Canal+ Benelux, UMG's
Music clubs, Kencell and Monaco Telecom), of the divestitures that
occurred in 2005 (mainly NC Numericable) and includes the full
consolidation of minority stakes in distribution subsidiaries at
SFR and of Mauritel at Maroc Telecom as if these transactions had
occurred as of January 1, 2004. In 2004, comparable basis also
includes estimated mobile-to-mobile sales at SFR applying 2005
rate. The revenues are not necessarily indicative of the combined
revenues that would have occurred had the events actually occurred
as of January 1, 2004.
(2) Comparable basis illustrates the effect of the divestiture of
UMG's Music Clubs in the U.K. and France as if they had occurred
as of January 1, 2004.
(3) Nielsen SoundScan data for the period ending 3rd July 2005.
Vivendi Universal cannot vouch for the accuracy of Nielsen
SoundScan data. (4) Comparable basis mainly illustrates the impact
of Canal+ Group dispositions of businesses (Canal+ Benelux in
2004, NC Numericable in March 2005) as if these transactions had
occurred as of January 1, 2004.
(5) In 2004, comparable basis includes estimated mobile-to-mobile
sales at SFR applying 2005 rate and illustrates the full
consolidation of minority stakes in distribution subsidiaries as
of January 1, 2004.
(6) ARPU (Average Revenue Per User) is defined as revenues net of
promotions and net of third-party content provider revenues
(including toll numbers related revenues) excluding roaming in and
equipment sales divided by average ARCEP total customer base for
the last twelve months.
(7) AUPU (Average Usage Per User) is defined as the incoming and
outgoing "voice" volumes divided by average ARCEP total customer
base for the last twelve months.
(8) Data revenues are now presented net of third party content
provider revenues.
(9) Comparable basis illustrates the effects of the full consolidation
of Mauritel as if this transaction had occurred as of January 1,
2004.
(10) ARPU (Average Revenue Per User) is defined as revenues (from
incoming and outcoming calls and data services), net of
promotions, excluding roaming in and equipment sales, divided by
average customer base over the period.
(11) Without Mauritel.
APPENDIX I
VIVENDI UNIVERSAL
REVENUES BY BUSINESS SEGMENT
(IFRS, unaudited)
COMPARABLE BASIS
Comparable basis essentially illustrates the effect of the
divestitures that occurred in 2004 (mainly Canal+ Benelux, UMG's Music
clubs, Kencell and Monaco Telecom), of the divestitures that occurred
in 2005 (mainly NC Numericable) and includes the full consolidation of
minority stakes in distribution subsidiaries at SFR and of Mauritel at
Maroc Telecom as if these transactions had occurred as of January 1,
2004. In 2004, comparable basis also includes estimated
mobile-to-mobile sales at SFR applying 2005 rate. The revenues are not
necessarily indicative of the combined revenues that would have
occurred had the events actually occurred as of January 1, 2004.
2nd quarter ended June 30,
-------------------------------------------
% Change at
2005(a) 2004(a) % Change constant rate
(In millions of euros) --------- --------- -------- -------------
Revenues
--------
Universal Music Group EUR 1,054 EUR 1,043 1% 5%
Vivendi Universal Games 125 71 76% 83%
Canal+ Group 816 827 -1% -2%
SFR(b) 2,160 1,986 9% 9%
Maroc Telecom 454 396 15% 16%
Non core operations and
elimination of
intercompany
transactions(c) (2) 8 na+ na+
--------- --------- -------- -------------
Total Vivendi Universal EUR 4,607 EUR 4,331 6% 7%
========= ========= ======== =============
1st half ended June 30,
-------------------------------------------
% Change at
2005(a) 2004(a) % Change constant rate
(In millions of euros) --------- --------- -------- -------------
Revenues
--------
Universal Music Group EUR 2,092 EUR 1,976 6% 9%
Vivendi Universal Games 238 148 61% 67%
Canal+ Group 1,652 1,651 0% -1%
SFR(b) 4,239 3,922 8% 8%
Maroc Telecom 877 779 13% 14%
Non core operations and
elimination of
intercompany
transactions(c) (12) 3 na+ na+
--------- --------- -------- -------------
Total Vivendi Universal EUR 9,086 EUR 8,479 7% 8%
========= ========= ======== =============
AS PUBLISHED (d)
2nd quarter ended June 30,
-----------------------------
2005(a) 2004(a) % Change
(In millions of euros) --------- --------- --------
Revenues
--------
Universal Music Group EUR 1,054 EUR 1,089 -3%
Vivendi Universal Games 125 71 76%
Canal+ Group 816 910 -10%
SFR(b) 2,175 1,763 23%
Maroc Telecom 454 380 19%
Non core operations and
elimination of
intercompany
transactions(c) (2) 61 na+
--------- --------- --------
Total Vivendi Universal EUR 4,622 EUR 4,274 8%
========= ========= ========
1st half ended June 30,
-----------------------------
2005(a) 2004(a) % Change
(In millions of euros) --------- --------- --------
Revenues
--------
Universal Music Group EUR 2,092 EUR 2,066 1%
Vivendi Universal Games 238 148 61%
Canal+ Group 1,697 1,828 -7%
SFR(b) 4,239 3,485 22%
Maroc Telecom 877 748 17%
Non core operations and
elimination of
intercompany
transactions(c) (12) 131 na+
--------- --------- --------
Total Vivendi Universal EUR 9,131 EUR 8,406 9%
========= ========= ========
+na: not applicable.
(a) In application of European regulation 1606/2002 dated July 19,
2002 concerning international standards, the consolidated
financial statements of Vivendi Universal for the financial year
ending December 31, 2005, will be prepared in accordance with the
IAS (International Accounting Standards) / IFRS (International
Financial Reporting Standards) applicable as of December 31, 2005,
as approved by the European Union. The first consolidated
financial statements published in accordance with IAS/IFRS will be
those for the 2005 financial year, with comparative figures for
2004 prepared using the same primary basis of accounting. For each
2005 interim financial publication, comparative information for
corresponding 2004 interim financial statements will be published.
Given the remaining uncertainties concerning the standards and
interpretations which will be applicable as of December 31 2005,
Vivendi Universal reserves the right to modify certain accounting
methods and options adopted during the preparation of this 2004
financial information, on final and definitive reporting of the
first IFRS financial statements. Please refer to Note "IFRS 2004
transition" published on April 14, 2005 and filed with the SEC as
a 6-K on April 19, 2005.
(b) In accordance with IFRS 5, following Cegetel and neuf telecom
merger plan, announced in May 2005, the fixed operation of SFR
group has been qualified as discontinued operation. Consequently,
revenues as published for SFR for both 2005 and 2004 exclude
Cegetel and only include mobile operation (including the
distribution subsidiaries as of April 1, 2005).
In addition, as of January 1, 2005, SFR revenues include
mobile-to-mobile sales for EUR 449 million for the first half 2005
(including EUR 232 million for the second quarter). 2004
comparable basis includes estimated mobile-to-mobile sales
applying 2005 rate, i.e. EUR 417 million for the first half of
2004 (including EUR 213 million for the second quarter).
(c) Corresponds to Vivendi Telecom International, Vivendi Valorisation
and other non core businesses.
(d) As they will be published in BALO on July 29, 2005.
APPENDIX II
VIVENDI UNIVERSAL
RECONCILIATION OF REVENUES PREPARED UNDER FRENCH GAAP AND IFRS
REVENUES
(unaudited)
1st half ended June 30, 2004
---------------------------------------------------
Revenues of telecom operators
(In millions of euros) --------------------------------------
French GAAP change in
as published presentation Handset Equipment
Revenues (a) (b) subsidies sales Other
-------- ------------ ------------ --------- --------- -----
Universal Music
Group EUR 2,069 EUR - EUR - EUR - -
Vivendi Universal
Games 148 - - - -
Canal+ Group 1,839 - - - -
SFR 4,113 (83) (52) 11 2
Maroc Telecom 770 (1) (24) 3 -
Non core operations
and elimination of
intercompany
transactions 125 - - - -
------------ ------------ --------- --------- -----
Total Vivendi
Universal
(excluding VUE) EUR 9,064 EUR (84) EUR (76) EUR 14 2
============ ============ ========= ========= =====
Vivendi Universal
Entertainment 2,327 - - - -
------------ ------------ --------- --------- -----
Total Vivendi
Universal EUR EUR 11,391 EUR (84) EUR (76) EUR 14 2
============ ============ ========= ========= =====
1st half ended June 30, 2004
-----------------------------------------
Reclassification of
Cegetel and VUE
(In millions of euros) Other as discontinued
Revenues impacts operations IFRS
-------- ------- ------------------- ---------
Universal Music Group EUR (3) EUR - EUR 2,066
Vivendi Universal Games - - 148
Canal+ Group (11) - 1,828
SFR - (506) 3,485
Maroc Telecom - - 748
Non core operations and
elimination of intercompany
transactions (1) 7 131
------- ------------------- ---------
Total Vivendi Universal EUR(15) EUR (499) EUR 8,406
(excluding VUE) ======= =================== =========
Vivendi Universal
Entertainment - (2,327)(c) -
------- ------------------- ---------
Total Vivendi Universal EUR(15) EUR (2,826) EUR 8,406
======= =================== =========
2nd quarter ended June 30, 2004
---------------------------------------------------
Revenues of telecom operators
(In millions of euros) --------------------------------------
French GAAP change in
as published presentation Handset Equipment
Revenues (a) (b) subsidies sales Other
-------- ------------ ------------ --------- --------- -----
Universal Music
Group EUR 1,091 EUR - EUR - EUR - -
Vivendi Universal
Games 71 - - - -
Canal+ Group 916 - - - -
SFR 2,055 (42) (25) 23 2
Maroc Telecom 394 (1) (15) 2 -
Non core operations
and elimination of
intercompany
transactions 57 - - - -
------------ ------------ --------- --------- -----
Total Vivendi
Universal
(excluding VUE) EUR 4,584 EUR (43) EUR (40) EUR 25 2
============ ============ ========= ========= =====
Vivendi Universal
Entertainment 834 - - - -
------------ ------------ --------- --------- -----
Total Vivendi
Universal EUR 5,418 EUR (43) EUR (40) EUR 25 2
============ ============ ========= ========= =====
2nd quarter ended June 30, 2004
-----------------------------------------
Reclassification of
Cegetel and VUE
(In millions of euros) Other as discontinued
Revenues impacts operations IFRS
-------- ------- ------------------- ---------
Universal Music Group EUR (2) EUR - EUR 1,089
Vivendi Universal Games - - 71
Canal+ Group (6) - 910
SFR - (250) 1,763
Maroc Telecom - - 380
Non core operations and
elimination of intercompany
transactions - 4 61
------- ------------------- ---------
Total Vivendi Universal EUR (8) EUR (246) EUR 4,274
(excluding VUE) ======= =================== =========
Vivendi Universal
Entertainment - (834)(c) -
------- ------------------- ---------
Total Vivendi Universal EUR (8) EUR (1,080) EUR 4,274
======= =================== =========
(a) As they were published in BALO on August 2, 2004.
(b) Sales of services provided to customers managed by SFR and Maroc
Telecom on behalf of content providers, are net of related
expenses. Under French GAAP, this change in presentation only
occurred in the fourth quarter of 2004. Please refer to Notes
1.3.4.4 and 2.8.L. to the Note "IFRS 2004 transition" published on
April 14, 2005 and filed as a 6-K on April 19, 2005 with the SEC.
(c) Due to the October 8, 2003 combination agreement signed by Vivendi
Universal and General Electric, VUE has been qualified as
discontinued operation and income and expenses for the period from
January 1 to May 11, 2004 (date of the closing) were
deconsolidated and presented in the amount of 80% of their net
value in earnings from discontinued operations. Please refer to
Note 2.7. to the Note "IFRS 2004 transition" published on April
14, 2005 and filed as a 6-K on April 19, 2005 with the SEC.
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