Report
Jerôme Bodin

NRJ Group : Difficult H1 but loss slightly more contained vs our expectations

>Interim results a shade above our expectations - NRJ Group released its Q2 2020 results yesterday evening and they exceeded our expectations. EBITA was -€13.9m, while we were expecting € 23.5m. The group was hit by massive cancellations of advertising campaigns during the lockdown (April) and by the closure of local radio stations and the group’s advertising network. The media's advertising momentum improved slightly sequentially, particularly in July, but with low v...
Underlying
NRJ Group SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

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