Still impressive results from UMG with revenues up by 18.4% yoy at constant change in Q2 while its H1 EBITA increased by 43% yoy. The sale of up to 50% of UMG which appeared to take longer than expected seems now to be on the right track. The group has selected the advisory banks and several contacts have already been established with potential strategic partners. We maintain our opinion at Add on the stock.
26 Jul 2019
Still impressive results from UMG which should open up its capital
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Still impressive results from UMG which should open up its capital
- Published:
26 Jul 2019 -
Author:
Jean-Michel Salvador -
Pages:
3
Still impressive results from UMG with revenues up by 18.4% yoy at constant change in Q2 while its H1 EBITA increased by 43% yoy. The sale of up to 50% of UMG which appeared to take longer than expected seems now to be on the right track. The group has selected the advisory banks and several contacts have already been established with potential strategic partners. We maintain our opinion at Add on the stock.