UPDATE 1-Vivendi lifts Q2 profit, says could consider more M&A

miércoles 2 de septiembre de 2015 13:40 GYT
 

* Q2 profit up 34 percent to 193 million euros

* Strong sales growth at Universal Music

* Group says net cash close to 9 billion euros

* 2015 outlook confirmed (Adds detail)

PARIS, Sept 2 (Reuters) - French media group Vivendi reported higher second-quarter profit on Wednesday, helped by strong growth in its Universal Music division, and said recent asset sales could enable it to consider more acquisitions in the future.

The company, with a cash pile of nearly 9 billion euros ($10.2 billion), said it would be on the look-out for bolt-on acquisitions and possibly bigger deals.

"We are not interested in short-term strategies", chairman of management board Arnaud de Puyfontaine told analysts in a conference call. "We are shaping a new Vivendi", he said.

Vivendi is narrowing its focus on television and music after selling assets over the past year including stakes in Telefonica Brasil and French operator SFR, now called Numericable-SFR.

Adjusted net profit rose 34 percent to 193 million euros in the second quarter, while total sales were up 9 percent to 2.6 billion euros.   Continuación...