NRJ Group : Good Q3 2018 revenues, with the radio division still on an uptrend
>Q3 2018 revenues reflected organic growth of +6.2%, slightly ahead of expectations - NRJ Group yesterday evening reported Q3 2018 revenues a shade above expectations with growth of +6.2% (vs +5.1% forecast). The difference is mainly due to Towercast, with a still limited effect on profitability. The group delivered an upbeat message on the trend in Q4. We maintain our estimates unchanged for 2018. We reiterate our Neutral recommendation on the stock. The stock looks ...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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