Tuesday, 2 March 2010

Vivendi Group Beat 2009 Forecasts But Cautious For 2010

The Vivendi Group, a super large multi-national with many ramifications, including Activision-Blizzard have reported better than expected results for 2009.

This year’s economic results have been very good for the French company, largely helped by the growth of up to 50% of revenues coming from Activision-Blizzard (they can thank Modern Warfare 2…). However, CEO Jean-Bernard Levy has lowered 2010 expectations:
"We are being reasonably conservative on our predictions for 2010. There is still a lot of uncertainty on the economy and consumer demand remains a question mark in some countries."
Wow, a solid head where it belongs.

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