NRJ Group : 2023 earnings beat forecasts thanks to the broadcasting division, breakeven for TV
>Operating breakeven for the TV division - Yesterday evening NRJ Group reported FY 2023 results that came in ahead of our estimates. Note that the group published its Q4 2023 revenue on 2 February. Underlying operating profit came in at € 48.9m while we were looking for € 42.5m and the consensus € 41.3m. The main difference lay in the broadcasting division which beat our forecasts with underlying operating profit of € 17m while we had forecast € 11m. The group is set...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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