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EN
MultiChoice powers CANAL+ revenue, earnings growth
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Sunday World
Global media and entertainment company CANAL+ has delivered a strong first half boosted by the acquisition of Africa’s leading video entertainment and pay-TV platform MultiChoice.
Adjusted earnings before interest and tax (EBIT) before exceptional items increased 68% to €433-million, while the group’s adjusted EBIT margin reached 10.1%.
MultiChoice’s adjusted EBIT before exceptional items surged 160% to €143-million, from €55-million in the comparable period.
CANAL+’s Africa and Asia division, which includes MultiChoice, generated €269-million in adjusted EBIT, up 21.1% compared with the comparable period including MultiChoice.
Strong cash generationCash generation also remained strong, although CANAL+ cautioned that its first-half performance benefited from seasonality and timing effects.