192
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
4.2.3.
GVT
(in millions of euros, except for margins)
Year ended December 31,
2013
2012
(a)
% Change
% Change at
constant rate
Telecoms
1,382
1,434
-3.6%
+9.4%
Pay-TV
174
83
x 2.1
x
2.4
Retail and SME
1,556
1,517
+2.6%
+16.4%
Corporate and wholesale
153
199
-23.1%
-12.3%
Total Revenues
1,709
1,716
-0.4%
+13.1%
EBITDA
707
740
-4.5%
+8.7%
EBITDA margin rate (%)
41.4%
43.1%
-1.7 pt
EBITA
405
488
-17.0%
-5.7%
Capital expenditures, net (capex net)
769
947
-18.8%
Cash flow from operations (CFFO)
(91)
(326)
+72.1%
Year ended December 31,
2013
2012
(a)
% Change
Revenues
(IFRS, in millions of BRL)
Retail and SME
4,427
3,804
+16.4%
Corporate and wholesale
435
496
-12.3%
Total
4,862
4,300
+13.1%
Number of covered cities
150
139
+11
Retail and SME
Revenue Generating Units
(in thousands)
Voice
3,934
3,489
+12.8%
Broadband Internet
2,621
2,239
+17.1%
Proportion of offers ≥ 10 Mbps
86%
80%
+6 pts
Total Telecoms
6,555
5,728
+14.4%
Pay-TV
643
406
+58.4%
Total
7,198
6,134
+17.3%
Net New Additions
(in thousands)
Voice
445
660
-32.6%
Broadband Internet
382
515
-25.8%
Total Telecoms
827
1,175
-29.6%
Pay-TV
237
374
-36.6%
Total
1,064
1,549
-31.3%
ARPU
(BRL/month)
Voice
58.6
63.5
-7.7%
Broadband Internet
49.2
51.5
-4.5%
Pay-TV
78.7
77.2
+1.9%
(a)
In 2013, GVT changed the presentation of revenues: due to a new segmentation, some Corporate clients were re-classified as SME
during the third quarter of 2013. 2012 amounts were amended to ensure consistency of information presented.
