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UMG : A very solid Q3 driven by all segments, 2021 EBITDA forecasts upgraded and Q4 scenario unchanged
>Further very solid growth in Q3 driven by all segments - UMG yesterday evening posted its Q3 results and held a conference call. This was the group’s first release since its IPO on 21 September. EBITDA came in at € 461m while we were looking for € 455m and the consensus € 435m. Although streaming sales were in line with expectations (+15% in organic terms), all the other indicators beat expectations (physical sales, downloads, licences and music publishing). Streamin...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Jerôme Bodin
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