Page 182 - 2012 Annual Report
Basic HTML Version
182
VIVENDI
l
2012
l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS
4
4
I - 2012 FINANCIAL REPORT
SECTION 4 BUSINESS SEGMENT PERFORMANCE ANALYSIS
SECTION 4
BUSINESS SEGMENT PERFORMANCE ANALYSIS
4.1. REVENUES, EBITA, AND CASH FLOW FROM OPERATIONS BY BUSINESS SEGMENT
(in millions of euros)
Year ended December 31,
2012
2011 % Change
% Change at
constant rate
Revenues
Activision Blizzard
3,768
3,432
+9.8%
+2.3%
Universal Music Group
4,544
4,197
+8.3%
+3.1%
SFR
11,288
12,183
-7.3%
-7.3%
Maroc Telecom Group
2,689
2,739
-1.8%
-3.0%
GVT
1,716
1,446
+18.7% +28.2%
Canal+ Group
5,013
4,857
+3.2%
+3.2%
Non-core operations and others, and elimination of intersegment transactions
(24)
(41)
na*
na*
Total Vivendi
28,994
28,813
+0.6%
-0.7%
EBITA
Activision Blizzard
1,149
1,011
+13.6%
+6.6%
Universal Music Group
525
507
+3.6%
+1.2%
SFR
1,600
2,278
-29.8% -29.8%
Maroc Telecom Group
987
1,089
-9.4% -10.5%
GVT
488
396
+23.2% +33.7%
Canal+ Group
663
701
-5.4%
-5.3%
Holding & Corporate
(115)
(100)
-15.0% -13.0%
Non-core operations and others
(14)
(22)
na*
na*
Total Vivendi
5,283
5,860
-9.8% -10.7%
(in millions of euros)
Year ended December 31,
2012
2011 % Change
Cash flow fromoperations, before capital expenditures, net (CFFO before capex, net)
Activision Blizzard
1,161
929
+25.0%
Universal Music Group
528
495
+6.7%
SFR
3,429
3,841
-10.7%
Maroc Telecom Group
1,523
1,501
+1.5%
GVT
621
558
+11.3%
Canal+ Group
706
735
-3.9%
NBC Universal dividends
-
70
-100.0%
Holding & Corporate
(93)
(83)
-12.0%
Non-core operations and others
(3)
(12)
na*
Total Vivendi
7,872
8,034
-2.0%
Cash flow from operations (CFFO)
Activision Blizzard
1,104
877
+25.9%
Universal Music Group
472
443
+6.5%
SFR
693
2,032
-65.9%
Maroc Telecom Group
1,066
1,035
+3.0%
GVT
(326)
(147)
x 2.2
Canal+ Group
476
484
-1.7%
NBC Universal dividends
-
70
-100.0%
Holding & Corporate
(94)
(84)
-11.9%
Non-core operations and others
(9)
(16)
na*
Total Vivendi
3,382
4,694
-28.0%
na*: not applicable.
Data presented above takes into account the consolidation of the following entities at the indicated dates:
✱
at Universal Music Group: EMI Recorded Music (September 28, 2012); and
✱
at Canal+ Group: D8 and D17 (September 27, 2012), as well as “n” (November 30, 2012).
