Six months after getting listed at the London Stock Exchange, Canal+ Group saw its share price rise by 9% to £2.19 per share on June 6 as it held its first general meeting and confirmed its outlook on 2025 revenue and EBITA — expected to reach $515 million in cash.
The company said in a release sent out prior to today’s general meeting that it expects its 2025 cash flow to exceed €500 million following the “progress made on the proposed restructuring plan” which have yielded “lower than expected disbursements.”
Canal+ announced last December a layoff plan to trim approximately 250 jobs. As many of 150 jobs are believed to be connected to the shuttering of its channel C8 whose frequency was discontinued by the French watchdog body Arcom, partly due to the controversial talk show “Touc