Canal+ France adds 75,000 subscriptions Y-o-Y to end-Q1Thursday, May 14th, 2009
PARIS — For the first quarter of 2009, Vivendi (Paris: VIV) revenues amounted to €6,530 million compared to €5,280 million for the first quarter of 2008, an increase of €1,250 million (+23.7%, +22.1% at constant currency).
SFR’s revenues increased by 31.5% to €3,028 million compared to the same period in 2008, due to the consolidation of Neuf Cegetel since April 15, 2008.
With the launch of the “neufbox by SFR”, SFR achieved an excellent performance once again during the first quarter 2009, adding 163,000 net new broadband Internet active customers in the period, which represents more than 30% of the market net adds. At the end of March 2009, SFR broadband Internet customer base increased by 9.3% compared to the same period in 2008 on a comparable basis and totaled 4.042 million customers.
Over the past twelve months, subscription net growth of Canal+ France continued to be impacted by portfolio change of scope carried out in 2008, which included a total of 110,000 subscriptions. Excluding this adjustment, year-on-year portfolio growth was 75,000 subscriptions, mainly driven by the good performance of Canal+ and CanalSat in territories operated by Canal Overseas (French overseas territories and Africa, including North African countries).
Revenues from the group’s other operations grew sharply by +25.4% at constant currency compared to the first quarter of 2008. Canal+ in Poland posted a strong portfolio growth (+280,000 subscriptions year-on-year).
Canal+ France net portfolio* (in thousands):
Q1 2009 Q1 2008 ------- ------- Subscriptions 10,418 10,453 -35 (+75 net additions before adjustment of 110 in 2008 **) o/w Canal+ 5,150 5,278 o/w CanalSat 5,268 5,175 Increase in digital subscriptions: Canal+ Le Bouquet represents 85% of the total portfolio of Canal+ compared to 74% end of March 2008
* Individual and collective subscriptions at Canal+, CanalSat in metropolitan France, overseas territories (DOM/TOM, Africa and Maghreb)
** Resulting from the switch-off of the TPS signal and a change of scope in the portfolio to include viable contracts only
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