NRJ Group : 2020 was better than expected but Q1 2021 proved challenging due to the pandemic context
>No change in our recommendation - NRJ Group published on the evening of Wednesday, 31 March, 2020 results that were a shade above expectations, with underlying operating profit of € 3m vs -€ 4m forecast. The main difference comes from the lower-than-expected cost base. Our expectations have been revised upwards for 2021 and 2022 as a result of this optimisation. Our target price now stands at € 7.4 (vs € 6.8 previously). We reiterate our Neutral recommendation in lig...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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