NRJ Group : Particularly brisk momentum likely to slow in H2
>Neutral rating reiterated - NRJ Group held a conference call on Friday to announce its Q2 2022 results, which topped expectations following a very positive performance from the TV division. Underlying operating profit was €18.4m vs our forecast of € 12m, due to a near breakeven performance from the TV division. We are therefore revising up our estimates for the TV division following cost savings well ahead of our expectations for this division and which will continu...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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