Canal+ Group revs rise slightly
Pascale Paoli-Lebailly | 31-08-2012
Canal+ Groupís revenues showed a slight increase on the first six months of 2012, at Ä2.47 billion a 3.3% increase year- on-year compared with the first half of 2011.
Canal+ Groupís EBITA was Ä483 million compared to Ä495 million for first half 2011. Canal+ Franceís revenues, which include Canal+ Groupís pay-TV operations in mainland France, French overseas territories and Africa, were up 2.3% to Ä2.064 billion. Revenues were driven by subscription portfolio growth, higher advertising revenues, and despite an increase in the VAT rate which had a huge Ä20 million impact.
The Canal+ France portfolio recorded a net growth of almost 350,000 subscriptions compared to the end of June 2011, with almost 140,000 subscriptions from Africa.
Revenues from all other Canal+ Group activities showed good growth, this included StudioCanal as well as a strong increase in pay-TV activities in Vietnam.
Major strategic operations in France such as the acquisition project of the Direct 8 and Direct Star DTT channels. The partnership project plan in Poland with ITI/TVN in free and pay-TV channels, are currently being reviewed by the relevant regulatory authorities.