Report
Jerôme Bodin

Vivendi : Bon CA T1 tiré par UMG en croissance organique de 12.7%

>Un T1 2020 très solide chez UMG - Vivendi a publié ce matin son CA T1 ressorti supérieur à notre attente avec une très bonne performance d’UMG malgré un effet de base difficile. Si le CA streaming est conforme à notre attente, le groupe affiche une solide performance de ses ventes physiques et de son pôle d’édition musicale. La croissance organique d’UMG (12,7% au T1) devrait logiquement ralentir tout au long de l’année sous l’effet de la crise du COVID-19 mais ce T1...
Underlying
Vivendi SE

Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.

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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