EMI Music trebles earnings

Ebitda rose over 200% to £163 million (?51m) driven largely by a £48 million year on year reduction in the cost of returns and other overhead savings from the radical restructuring the company underwent last year.

The company now believes it is on track to deliver the £200m of cost savings identified at the time of its acquisition by the private equity group.

EMI also generated operating cash flow of £190m (?142m) during the year and turnover was up 4% ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.

Start free Trial

Register for a Music Week trial to access this article. Sign up today and you will receive:

  • 4 weeks access to news, features and chart analysis
  • 4 Digital issues of Music Week
  • The Music Week app
  • Tailored email news alerts
Start your free trial


If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...