NRJ Group : On track for a Q1 2023 tough for TV but favourable for radio
>Neutral recommendation reiterated - NRJ Group held yesterday its conference call for its FY 2022 results, which beat expectations thanks to the strong performance in the TV division that is close to operating breakeven (loss of -€ 4.5m vs -€ 12.7m in 2021). Our 2023 estimates are revised up at the EBIT level. We have notably raised our estimates for the TV division following cost savings well ahead of our expectations for this division and which will likely continue ...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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