NRJ Group : 2022 results ahead of expectations, reduced losses for TV division
>Good performance from TV unit - NRJ Group’s full-year 2022 results, posted yesterday evening, beat our expectations. It had posted its Q4 2022 sales on 2 February. EBIT came in at € 45.8m, vs our forecast of € 43m and the consensus of € 44m. The main difference stemmed from the TV division which beat our forecasts, with a loss of -€ 4.5m vs our -€ 7.8m forecast. The group said in its press release it is looking to embark on a share buyback programme. It is due to ho...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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