Canal+ and pay-TV boost Vivendi's media activities

Pascale Paoli-Lebailly | 25-02-2014

Canal+ group's revenues in 2013 reached 5,311 million, a 5.9% increase year-on-year.

This rise was driven by the development of pay-TV operations outside of France, notably in Africa and Poland, and by the acquisition and successful re-launch of the free-to-air (FTA) channels D8 and D17 which both broke even at the fourth quarter of 2013.

At the end of December 2013, Canal+ Group reached 10.4 million individual subscribers (up 249,000 year-on-year) to total 14.7 million subscriptions.

This growth was due to strong performance in overseas countries, where total individual subscribers reached 4.4 million (up 275,000 compared to year-end 2012). In mainland France, total individual subscribers remained almost stable at 6.1 million.

No doubts such results will strengthen Vivendi's strategy to focus on its media activities, which jumped 10.1% last year at constant currency while overall results for 2013 were still impacted by telco subsidiary SFR.

Talks are ongoing with Numericable regarding a possible sale.

Vivendi posted revenues of 22.135 billion, down 2% at actual currency and an adjusted net income of 1.54 billion, down 9.7 % compared to 2012.

Earnings attributable to Vivendi SA shareowners reached 1.947 billion compared to 179 million in 2012, but inflated by the capital gain on the sale of Activision Blizzard.