Report
UMG : A solid Q2 with notably the release of Taylor Swift’s new album
>A solid quarter which could provide support for the equity story - We provide an update here on our Q2/H1 expectations for UMG. We are expecting solid organic growth (+8.4%) for recorded music, buoyed by the release of Taylor Swift's new album (April 19) and the continuing effect of price increases with, however, the end of the impact of Amazon and Apple. The recent price hike announced by Spotify in the US should create a relay from Q3 onwards and could be followed ...
Underlying
UNIVERSAL MUSIC GROUP NV
Provider
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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