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Latest Satellite News Discussion, Canal+ Group EBITA up 21.4 % at General Satellite News forum; Canal+ Group EBITA up 21.4 % Pascale Paoli Lebailly Sunday, 15 November 2009 06:17 Canal+ Group announced nine-month earnings (EBITA) ...

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Canal+ Group EBITA up 21.4 %
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Canal+ Group EBITA up 21.4 % - 16-November-2009, 08:00

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 groups 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 Kinowelta integration in April 2008.



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