Canal+ Group EBITA up 21.4 %
Pascale Paoli Lebailly
Sunday, 15 November 2009 06:17
Canal+ Group announced nine-month earnings (EBITA) of €754m, an increase of €133m (21.4%) , over the first nine months of 2009 compared to the same period of 2008. Revenues rose 1.1% to reach €3.36bn.
EBITA growth was driven by Canal+ France and was notably due to price increases, cost reductions, and the full effect of TPS merger synergies. Over the past twelve months, suscriber net portfolio growth at Canal+ France was 177,000. Since the beginning of the year, 348,000 Canal+ analog subs were transferred to digital which brought Canal+’s digitalization rate to 90% up from 78% over one year.
Revenues from the group’s other operations increased too, primarily as a result of subscriber portfolio growth in Poland, rising ad revenues on news channel I>TELE and a strong performance at StudioCanal after Kinowelt’a integration in April 2008.