Universal Music Group Revenue Up 8.3% In 2012
February 26, 2013

Universal Music Group parent company Vivendi has released its latest fiscal results for 2012, with UMG reporting an 8.3 percent growth in revenue last year. Universal reported approximately $5.93 million in revenue last year (or €4.544 million), with EBITA up 3.6 percent to roughly $685.2 million (€525 million). Excluding EMI Music and at constant currency, EBITA was up 1.6 percent in 2012, according to Music Week.

Vivendi predicts that in 2013, UMG EBITA will increase "with a positive contribution from EMI Recorded Music, including restructuring changes." The company also expects that the combined UMG-EMI will generate annual synergies of over $151.4 million.

As for Vivendi overall, its full-year adjusted net income for 2012 was $3.78 billion (or €2.86 billion), exceeding its expected target, though this marked a 13.6 percent decline from 2011. Revenue for the multinational company was up 0.6 percent to over $37.8 billion (or €28.99 billion).




 
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Brad Savage, PD
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