NRJ Group : Q1 2021 a bit more challenging than expected in radio, estimates unchanged
>Neutral recommendation reiterated - The Q1 revenues released by NRJ Group yesterday evening missed our forecasts. The radio division was down 5% (vs +2% expected) and the TV division was down 5.5% (vs -7% expected). Q1 was therefore more challenging for NRJ in the radio segment than for its peers, in particular due to the local activities but also its business in Germany. Our forecasts are unchanged following this release. While Q1 was a bit more challenging than we...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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