Canal+ revs boosted by D8 integration and 'n' platform
Pascale Paoli-Lebailly | 30-08-2013
Canal+ Group's revenues reached €2.600 billion in the first six months of 2013, a 5.3% increase compared to first half of 2012, the Vivendi Group has announced.
This increase was primarily due to the integration of new free-to-air TV channels in France (D8 and D17) and the 'n' platform in Poland, the group explained.
Relaunched in October 2012, D8's audience continued to grow, with a 3.4% audience share in June 2013.
At the end of June 2013, Canal+ Group's total subscription portfolio grew, reaching nearly 14 million subscribers, thanks notably to good performances in Africa and Vietnam.
In mainland France, ARPU grew by €1.6 to €49.5 compared to the first half of 2012. However, the number of subscribers continued to decrease in France, with reports saying that numbers will be down 350,000 subs this year against 80,000 in 2012.
The impact of rival sport pay-TV channel beIN Sport shouldn't be underestimated, but Canal+'s finance director remains positive about the end-of-year outlook.
Canal+ Group's EBITA was €449 million.
On 21 September, the group will launch Canal+ Series, a premium channel dedicated to series that will line up French and international productions, including Canal+'s original productions.
Due to a less favourable than anticipated advertising market in the first half of the year, Canal+ Group slightly adjusted its 2013 EBITA forecast to around €650 million.
Vivendi has also adjusted the 2013 outlook for SFR and GVT while confirming predictions for the Universal Music Group. The media and telecom group posted revenues at €10.842 billion for the four companies, down 1.5% compared to first half of 2012. The EBITA reached €1.391 billion, down 27.0% owing to the decrease in SFR's EBITA.