NRJ Group : Good H1, generally favourable start to Q3
>Good H1, Neutral rating reiterated - NRJ Group yesterday held a conference call following its H1 earnings release which beat our forecasts (H1 EBIT of € 5.7m vs -€ 1m expected). We have slightly raised our estimates for 2021 under the impact of cost savings slightly higher than we expected, notably for the radio division. We reiterate our Neutral rating. The valuation still appears reasonable given the lack of visibility on a clear recovery in the radio market beyon...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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