Vivendi Se Unsp/Adr (VIVHY) Q4 2024 Earnings Call

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WEBVTT 00:00:00.777 -- 00:00:06.640 Good evening, everyone, and welcome to the Vivendi Full Year 2024 Earnings Presentation. 00:00:06.640 -- 00:00:11.143 This conference will be hosted by Mr. Arnaud de Puyfontaine, 00:00:11.143 -- 00:00:14.464 Chairman of the Management Board and CEO, and Mr. 00:00:14.464 -- 00:00:19.327 François Laroze, member of the Management Board and CFO. 00:00:19.327 -- 00:00:22.789 As a reminder, this call is being recorded. 00:00:22.789 -- 00:00:24.650 During the call, you'll be in listen-only mode. 00:00:24.650 -- 00:00:30.512 However, during the Q&A session, analysts will have the opportunity to ask a question 00:00:30.830 -- 00:00:35.171 and this can be done by pressing star one on your telephone keypad to register your vote 00:00:35.171 -- 00:00:39.632 or your question. In order to allow as many analysts as possible to ask questions, can 00:00:39.632 -- 00:00:45.054 you please limit yourselves to one question and no follow-up questions? 00:00:45.054 -- 00:00:49.375 If at any point you require assistance, please press star zero and you will be connected 00:00:49.375 -- 00:00:51.655 to an operator. 00:00:51.695 -- 00:00:55.096 And I'd like to hand the call over to your host this evening, Mr. 00:00:55.096 -- 00:00:57.157 Arnaud Dupuy-Fontaine. 00:00:57.157 -- 00:01:00.317 Please go ahead, sir. Your line is open. 00:01:01.493 -- 00:01:04.356 Thank you very much and good evening to everybody. 00:01:04.356 -- 00:01:05.877 As 00:01:05.877 -- 00:01:11.062 you're aware, 2024 was an exceptionally busy year 00:01:11.062 -- 00:01:15.567 for Vivendi, marked by the spin-off project and the respective listings of Group Canal 00:01:15.567 -- 00:01:19.210 Plus, AVAS and Louis Hachette Group. 00:01:19.210 -- 00:01:24.776 This operation was completed on a t...