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).