NRJ Group : Effective control over the TV division’s costs, upward revision to our full-year forecasts
>Neutral rating reiterated - NRJ Group held its conference call yesterday to comment on its 2024 interim results, which came out better than we expected thanks to a solid showing from the TV division. Bear in mind that this division turned in a profit for the first time in H1, with current operating profit (COP) reaching € 1.2m following very solid advertising trends in Q2 but also effective cost control. We have raised our full-year forecasts, mostly thanks to the so...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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