Report
UMG : Q4 and FY 2021 preview: small downward adjustment to our forecasts
>A slight downward adjustment to our forecasts for 2021 - UMG is due to publish its 2021 results in March (date not known for the time being). With this in mind, we have updated our forecasts following a contact with the company. Our EBITDA forecast has been edged-down for 2021 (-2.4%) but we think that the group should achieve its guidance, or even do slightly better. The trend remains very solid, notably for recorded music and the medium-term outlook is unchanged. I...
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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