The boss of the movie maker behind Paddington in Peru has said it has no regrets about listing on the London stock market despite a sharp decline in its share price.
But Canal+ chief executive Maxime Saada also admitted he did not expect the shares to be ‘this low’.
The Paris-based media giant made its debut in London at 290p per share on December 16 but since then the stock has fallen and stood at 171p last night, down nearly 16 per cent so far this year.
Despite the decline, which was partially attributed to French shareholders exiting the business after it was spun out from parent firm Vivendi, Saada said Canal+ has no regrets about its listing choice.
And he said new investors from the UK and the US were appearing on its register.
The French film studio posted its first set of results since listing, reporting a loss of £27million for 2024 compared to a £146million profit the previous year. Sales, meanwhile, rose 3.6 per cent to £5.3billion.
Shares down: Paddington maker Canal+, led by boss Maxime Saada’, made its debut in London at 290p per share on December 16 but stood at 171p last night
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