Vivendi Full Year 2007 Revenues Increase Significantly
January 30, 2008 at 12:36 PM (PT)
UMG parent company VIVENDI provided preliminary, unaudited revenue information for the fourth quarter and the full year of 2007 on an IFRS basis in accordance with EUROPEAN regulatory requirements. For the full year 2007, VIVENDI's revenues total EUR 21,657 million compared to EUR 20,044 million for the full year of 2006, an increase of 8% (+9.7% at constant currency).
For the fourth quarter of 2007, VIVENDI's revenues total EUR 6,014 million compared to EUR 5,545 million for the fourth quarter of 2006, an increase of 8.5% (+10.5% at constant currency). VIVENDI confirms 2007 outlook: an adjusted net income above EUR 2.7 billion, at approximately EUR 2.8 billion.
For UNIVERSAL MUSIC GROUP, market share increased in all of its major markets.
For the full year 2007, UNIVERSAL MUSIC GROUP increased market share in all of its major markets. UMG's revenues amounted to EUR 4,870 million versus EUR 4,955 million in 2006 (-1.7%). Revenues increased 3.0% at constant currency reflecting revenues from the acquisitions(2) in 2007 of BMG MUSIC PUBLISHING and of SANCTUARY.