Pascale Paoli-Lebailly ©RapidTVNews | 01-09-2011
Strong pay-TV performance both in France and overseas territories has driven first-half revenues Vivendi’s Canal+ Group to €2.392 billion in 2011, a 2.8% increase compared to the first half of 2010.
The group’s EBITA was €495 million, a 1.9% increase compared to the first half of 2010 and Canal+ France’s revenues, which include all pay-TV operations of Canal+ Group in mainland France, French overseas territories and Africa, thus increased by 1.7% to €2.018 billion, notably driven by an increase in subscription portfolio revenue per subscriber (ARPU) and advertising revenues.
“Over the past twelve months, Canal+ France’s average portfolio recorded a net increase of 96,000 subscriptions,” Vivendi added, arguing that ARPU in mainland France increased due to the growth of cross-selling between Canal+ and CanalSat offerings, as well as the improved penetration service and program options.
The group did not though mention the question of the Lagardčre IPO regarding the sale of 20 % of its shares into Canal+. The IPO has been postponed last March owing to the markets nervous. Lagardčre’s shares are valued between €1-1.5 billion.
For its part, Vivendi’s adjusted net income increased 20.2 % on the first half of 2011 to €1.834 billion while 2011 full year outlook has been confirmed. 2011 adjusted net income is expected to be above €3 billion, compared to €2.698 billion in 2010.
In addition to Canal+, the group’s activities also include operations from mobile operator SFR, video game Blizzard, Universal Music Group.