NRJ Group : No change to our estimates, H2 to show growth for both radio and TV in our view
>Q3 sales right in line with our forecasts - NRJ Group on Wednesday reported Q3 2021 sales of € 87.2m, in line with our expectations. The group held its conference call yesterday morning. Q3 sales showed a marked improvement on the previous two quarters. The base effect was favourable for the radio division which saw growth of 3% (vs 5% expected) after -8.5% in Q3 2020. The TV business posted a good performance, with sales up 10.7% in Q3 while we had forecast 5%. The...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.
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