A N N U A L R E P O R T - Bouygues

ments and very good viewing figures.
New activities, notably organisation of
the World Touring Car Championship
(FIA WTCC), have also contributed to
sales growth.
Eurosport International reported an
operating profit of €29.9 million compared
with €26.7 million in 2004, and
improved its operating margin by just
over one point to 11.6%.
In December 2005, Italian affiliate
Europa TV announced its intention
to sell its frequencies to Mediaset in
the context of the launch of the new
DVB-H network. Provided that it
obtains the necessary authorisations,
Europa TV will sell Mediaset its infrastructure
and frequencies, the latter
being earmarked exclusively for
Mediaset’s new DVB-H offering. Europa
TV is controlled by Tarak Ben Ammar
(71%) and the TF1 group (29%).
Other activities
On 10 June 2005, TF1 announced
the disposal of its entire 80% stake
in Visiowave to General Electric
Infrastructure Security, a whollyowned
subsidiary of General Electric.
TF1 had acquired an initial stake in
Visiowave in July 2000 and a controlling
interest in November 2002.
The disposal generated a capital gain
of €14.2 million, booked as operating
profit in TF1’s consolidated financial
statements.
Melissa Theuriau, LCI
Eurosport is the organiser of the FIA World Touring Car Championship
Outlook for 2006
TF1 intends to continue to pursue growth
in accordance with its strategy, which is:
• to remain France's leading programme
producer,
• to develop Eurosport,
• to create new formats for programmes
and services, adapted to new technologies.
BUSINESS ACTIVITIES
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