Report
Jerôme Bodin

UMG : Should we adjust our estimates after the results publications from Warner, Sony and Spotify and ahead of UMG’s results publication on 2 March?

>Market momentum still very sustained - We provide a new update/preview before UMG’s results publication scheduled for 2 March and following the releases of Warner Music, Sony Music and Spotify. We published an initial preview on 17 January. These three publications underpin our scenario for UMG. We see no reason to revise our estimates for Q4. Whilst this quarter was “sluggish” for Warner Music and Sony Music, we think UMG should make market share gains. We therefore...
Underlying
UNIVERSAL MUSIC GROUP NV

Provider
Oddo BHF
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.

Analysts
Jerôme Bodin

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