Vivendi : What to expect from Q4? Continued momentum on UMG
>A solid Q4 on music and still attractive momentum on strategy - We recap here on our earnings expectations for Q4 2018 and 2018. The group will publish its results on 14 February. We are counting on still very solid momentum at UMG (+9% on an organic basis for recorded music, still buoyed by streaming at +38%) but, logically enough, a sequential slowdown after the very good Q3. This growth should lead to robust growth in margins for UMG (+190bp in 2018). This indicat...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.