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    VIV   FR0000127771

VIVENDI SE

(VIV)
  Report
Real-time Quote. Real-time Euronext Paris - 10/22 10:27:08 am
11.47 EUR   +1.37%
05:52aEUROPEAN MIDDAY BRIEFING : Stocks Rise as Evergrande News Lifts Asia
DJ
04:25aVIVENDI SA : Credit Suisse reiterates its Buy rating
MD
10/21VIVENDI : Revenue Rises 14% in Q3, Misses Expectations
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Universal Music Targets Acceleration in 2021 Earnings, Revenue Growth

08/25/2021 | 10:33am EDT

By Mauro Orru

Universal Music Group expects double-digit percentage growth in earnings and revenue this year, as the industry continues to benefit from consumers spending more time listening to music, a trend accelerated by the coronavirus pandemic.

Management of the record label behind Ariana Grande and Billie Eilish said Wednesday at its capital markets day that the company is targeting revenue growth of more than 10% this year, with earnings before interest, taxes, depreciation, and amortization expected to grow more than 20%.

The announcement comes as the world's largest music company is set to list in the Netherlands next month.

Vivendi SE, the French media giant steered by the family of billionaire Vincent Bollore that controls Universal Music, already secured approval from its shareholders to distribute 60% of the record label in a special distribution and list it in Amsterdam, a development that marks a detachment from Universal's physical base in Los Angeles and a return to the history of the record label.

More than two decades ago Universal merged with record company Polygram, which had an established presence in Hilversum, Netherlands. Universal's holding company is also in Hilversum.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

08-25-21 1233ET

Stocks mentioned in the article
ChangeLast1st jan.
BOLLORÉ SE 0.19% 5.165 Real-time Quote.52.57%
DJ INDUSTRIAL 0.35% 35723.51 Delayed Quote.16.35%
UNIVERSAL MUSIC GROUP N.V. 1.26% 24.99 Real-time Quote.0.00%
VIVENDI SE 1.37% 11.47 Real-time Quote.-57.11%
All news about VIVENDI SE
05:52aEUROPEAN MIDDAY BRIEFING : Stocks Rise as Evergrande News Lifts Asia
DJ
04:25aVIVENDI SA : Credit Suisse reiterates its Buy rating
MD
10/21VIVENDI : Revenue Rises 14% in Q3, Misses Expectations
MT
10/21VIVENDI SA : Jefferies gives a Neutral rating
MD
10/21VIVENDI : beats growth expectations after Universal spin-off
RE
10/21Vivendi Reports Revenue Results for the Third Quarter and Nine Months Ended September 2..
CI
10/21Tranche Update on Vivendi SE's Equity Buyback Plan announced on September 27, 2021.
CI
10/21VIVENDI : Presentation – Revenues in the third quarter of 2021
PU
10/21VIVENDI : Présentation – Chiffre d'affaires au troisième trimestre 2021
PU
10/21VIVENDI : Strong growth in Vivendi's revenues in the third quarter of 2021
PU
More news
Analyst Recommendations on VIVENDI SE
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Financials
Sales 2021 9 269 M 10 784 M 10 784 M
Net income 2021 96,5 M 112 M 112 M
Net cash 2021 1 309 M 1 523 M 1 523 M
P/E ratio 2021 24,5x
Yield 2021 5,56%
Capitalization 11 721 M 13 649 M 13 637 M
EV / Sales 2021 1,12x
EV / Sales 2022 1,07x
Nbr of Employees 42 800
Free-Float 62,1%
Chart VIVENDI SE
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Technical analysis trends VIVENDI SE
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 21
Last Close Price 11,32 €
Average target price 14,47 €
Spread / Average Target 27,9%
EPS Revisions
Managers and Directors
Arnaud Roy de Puyfontaine Chairman-Management Board & CEO
Hervé Philippe Chief Financial Officer & Member-Management Board
Yannick Bolloré Chairman-Supervisory Board
Stéphane Roussel Chief Operating Officer & Member-Management Board
Caroline Le Masne de Chermont Senior VP-Legal Affairs, CSR & Compliance
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1st jan.Capi. (M$)
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