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BRIEF-Universal Music Group Q2 EBITDA Up At EUR 507 Million

BRIEF-Universal Music Group Q2 EBITDA Up At EUR 507 Million

Reuters · 07/27/2022 12:31
BRIEF-Universal Music Group Q2 EBITDA Up At EUR 507 Million

- Universal Music Group NV UMG.AS:

  • UNIVERSAL MUSIC GROUP N.V. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED JUNE 30, 2022

  • Q2 REVENUE ROSE 17.3 PERCENT TO EUR 2.535 BILLION

  • UNIVERSAL MUSIC GROUP N.V. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED JUNE 30, 2022

  • Q2 REVENUE OF EUR 2,535 MILLION, REPRESENTING GROWTH OF 17.3% YEAR-OVER-YEAR IN CONSTANT CURRENCY

  • Q2 ADJUSTED EBITDA INCREASED 8.3% YEAR-OVER-YEAR IN CONSTANT CURRENCY AS CERTAIN ONE-TIME ITEMS

  • SAYS INTERIM DIVIDEND OF EUR 435 MILLION, OR EUR 0.24 PER SHARE

  • H1 NET CASH PROVIDED BY OPERATING ACTIVITIES BEFORE INCOME TAX PAID OF EUR 605 MILLION COMPARED TO EUR 470 MILLION IN H1 2021

  • Q2 EBITDA FOR QUARTER GREW 18.7% YEAR-OVER-YEAR, OR 8.8% IN CONSTANT CURRENCY, TO EUR 507 MILLION

  • UMG'S BOARD OF DIRECTORS DECLARED AN INTERIM DIVIDEND FOR H1 2022 OF EUR 435 MILLION, OR EUR 0.24 PER SHARE

  • EX-DIVIDEND DATE WILL BE ON OCTOBER 5, 2022, RECORD DATE WILL BE ON OCTOBER 6, 2022 AND PAYMENT DATE WILL BE ON OCTOBER 28, 2022.

  • NET PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT FOR H1 2022 AMOUNTED TO EUR 241 MILLION COMPARED TO EUR 452 MILLION IN H1 2021

  • NET DEBT, DEFINED AS TOTAL DEBT MINUS CASH AND EQUIVALENTS, AT END OF H1 2022 WAS EUR 2,283 MILLION COMPARED TO EUR 2,010 MILLION AT DECEMBER 31, 2021

Source text for Eikon: ID:

Further company coverage: UMG.AS


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