187
Annual Report -
2013
-
Vivendi
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
4
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,
2013
2012 % Change
% Change at
constant rate
Revenues
Canal+ Group
5,311
5,013
+5.9%
+6.2%
Universal Music Group
4,886
4,544
+7.5% +12.8%
GVT
1,709
1,716
-0.4% +13.1%
Other
72
66
+9.1% +13.7%
Elimination of intersegment transactions
(17)
(26)
na
na
Media & Content
11,961
11,313
+5.7% +10.1%
SFR
10,199
11,288
-9.6%
-9.6%
Elimination of intersegment transactions related to SFR
(25)
(24)
na
na
Total Vivendi
22,135
22,577
-2.0%
+0.2%
EBITA
Canal+ Group
611
663
-7.8%
-7.9%
Universal Music Group
511
526
-2.9%
+1.4%
GVT
405
488
-17.0%
-5.7%
Other
(80)
(14)
x 5.7
x 5.6
Holding & Corporate
(87)
(100)
+13.0% +12.7%
Media & Content
1,360
1,563
-13.0%
-8.0%
SFR
1,073
1,600
-32.9% -32.9%
Total Vivendi
2,433
3,163
-23.1% -20.6%
(in millions of euros)
Year ended December 31,
2013
2012 % Change
Cash flow from operations, before capital expenditures, net (CFFO before capex, net)
Canal+ Group
689
706
-2.4%
Universal Music Group
611
528
+15.7%
GVT
678
621
+9.2%
Other
(72)
(2)
x 36.0
Holding & Corporate
(89)
(93)
+4.3%
Media & Content
1,817
1,760
+3.2%
SFR
2,260
3,429
-34.1%
Total Vivendi
4,077
5,189
-21.4%
Cash flow from operations (CFFO)
Canal+ Group
478
476
+0.4%
Universal Music Group
585
472
+23.9%
GVT
(91)
(326)
+72.1%
Other
(80)
(8)
x
10.0
Holding & Corporate
(89)
(94)
+5.3%
Media & Content
803
520
+54.4%
SFR
650
693
-6.2%
Total Vivendi
1,453
1,213
+19.8%
na: not applicable.
