NRJ Group : A tougher-than-expected Q3 especially in TV
>Neutral rating reiterated - NRJ Group yesterday evening reported Q3 2024 revenues shy of our expectations at € 91.1m (vs € 95.7m estimated). The TV division posted a 13.5% fall in Q3, and the radio division a 3.8% fall. The group was impacted by the broadcasting of the Olympic Games by France Télévisions, but also by tough comps after +7.2% in Q3 2023 for TV and +6.5% for radio. October was stable, however. Our expectations for 2024 earnings have been revised downwar...NRJ Group is engaged in the multimedia industry, particularly in France's private radio market. Co. also operates in 22 other countries, as of Dec. 31, 2012. Co. works as a publisher, producer, and brodcaster, while marketing its own media space. Co. also develops new media such as television, internet and mobile telephony. Co.'s core business consists of creating and developing media, whether it be radio stations, television or the Internet. Co.'s operations can be divided into six segments: Musical Media and Events; Television; International Activities; Shows and Other Productions; Broadcasting and Other Activities. Co.'s brands are NRJ, NOSTALGIE, CHERIE FM, RIRE and CHANSONS.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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