The Q2 was better than Q1: - Revenues were up by 6.2% yoy at constant change (vs +3.4% only in the Q1) thanks to still strong growth at UMG (15.2% yoy) and a minor decline at Canal (-1.3% yoy) whose situation is clearly improving… in international. - EBITA was up by 17.1% yoy (it was down by 34% in Q1 !) with a strong 52.5% growth at UMG (exactly as in Q1) and a decline of only 5.5% at Canal+ (it collapsed by 67.5% in Q1). Vivendi has confirmed its previously-announced 2017 outlook (ex
01 Sep 2017
Strong results for UMG and good cost containment at Canal+
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Strong results for UMG and good cost containment at Canal+
- Published:
01 Sep 2017 -
Author:
Jean-Michel Salvador -
Pages:
3
The Q2 was better than Q1: - Revenues were up by 6.2% yoy at constant change (vs +3.4% only in the Q1) thanks to still strong growth at UMG (15.2% yoy) and a minor decline at Canal (-1.3% yoy) whose situation is clearly improving… in international. - EBITA was up by 17.1% yoy (it was down by 34% in Q1 !) with a strong 52.5% growth at UMG (exactly as in Q1) and a decline of only 5.5% at Canal+ (it collapsed by 67.5% in Q1). Vivendi has confirmed its previously-announced 2017 outlook (ex