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Canal+ thinking positive - Venture Insights

Report Overview

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Canal+ thinking positive

PublisherEnders Analysis.
Publish Date March 15, 2010
Sector Pay TV.
Company Canal Plus.

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Vivendi’s pay-TV unit Canal+ posted flat revenues in 2009, as international growth balanced domestic erosion.

Driven mainly by growth internationally, we anticipate recovery to annual revenue growth barely above 2% by 2012, with a slightly deteriorating EBITA margin.

Canal+ could do better if it invests in the latest generation of set-tops and, possibly, free to air television.