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Canal+ chief said that the French media group does not regret choosing the London stock market, despite the sharp decline of its market value since the December listed.
Maxime Saada, executive director of a group headquartered in Paris, said he expected the sale pressure to weigh supplies-given the need for some French shareholders to come out after being drawn from Vivendi-Ali’s home company “is not so low”.
The shares in the group opened trading in London last year about 290p, below the level that some analysts expected, and since then they have fallen to 173p, giving it a market value of £ 1.7 billion. This makes it smaller than ITV British emits, which is worth around £ 2.7 billion, despite lower income than its French rival.
Saada said that the company did not regret it because of its decision, adding that new investors in the UK and the United States begin to appear in the shareholder register. “We are not in a hurry,” he told the Financial Times. “It’s a three -year story.”
He said that some investors are also waiting for the completion of the “transformation” agreement to acquire multichoice, an African company to pay TV, which would allow Canal+ to give better guidelines. The transaction is expected to be finalized later this year.
Saada said that the group does not seek any great m & does not wait for the Multichoice contract to complete. He added that he was not interested in buying ITV Studios, TV production regions of the British television show that attracted the interest of groups of private capital and other rivals.
In his first set of results from the London list, Canal+ on Tuesday reported an increase in 3.6 percent revenue to EUR 6.45 billion in its 2024 financial year, which was recorded by successes from his ARM film studio, as well as an increase in direct subscriptions. Prior to interest and tax before exceptional items increased by 5.4 percent to € 503 million, to 7.8 percent.
The group said on Monday that it had a contract with the French cinema industry that would allow him to remain the only TV company to be paid by the films six months after their theatrical release in the country.
Canal+ will pay at least € 480 million during the three-year term of office of the support of French films, compared to EUR 220 million a year after Disney+ provided a contract that enabled it to broadcast its films and other French productions on its nine-month streaming platform not 17 months of their theatrial release.
Other American Streamers keep for over a year before they can show movies that were in the cinema.
Studiocanal, group studio ARM, also released several successful films last year, including the Amy Winehouse biopical film point Return to black,, Vicious lowercase letters and Paddington in Peruwhich has needed more than $ 160 million so far in the sale of a global box.
However, it is expected that the group revenues will be influenced this year by the decision to remove its paid channels from terrestrial television in France, as well as to terminate several third -party content contracts, including Disney.
Saada said that in the future, the company would be focused on the creation of cash, with the bonuses for the administration to be reddown to have stronger connections with money and earnings.
