Canal+ Reports Strong H1 Growth, Boosted by MultiChoice Deal
AI Market Summary
Canal+ reported strong H1 results, with revenue up 40% to €4.29bn largely driven by the $2bn MultiChoice acquisition; organic growth was only 1.4% excluding consolidation effects. Adjusted EBIT rose 68% to €433m, and the group has already achieved its €250m synergy target, supporting the credibility of its Africa expansion strategy. The update is supportive for the listed entity (SUS).
Impact level
● Medium
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▲ Bullish
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French media group Canal+ released its first-half results, reporting total revenue of "42.9 billion" euros, up 40% year on year, largely driven by the "2" billion U.S. dollar acquisition of Africa's MultiChoice. Excluding the consolidation impact from the transaction, organic growth would have been just 1.4%. Adjusted EBIT rose 68% from a year earlier to "433 million" euros, with the group saying it has already achieved its "250 million" euro synergy target. The performance is seen as validating Canal+'s Africa expansion strategy and is viewed as a direct positive for its listed vehicle (SUS).
