NRJ Group : Q1 topped our expectations and radio division remains on an uptrend
>Q1 sales ahead of our expectations - NRJ yesterday evening reported Q1 sales of € 85.4m, ahead of our expectations, and held a conference call immediately afterwards. The growth posted by the radio division was well above our expectations as it came in at 13.1% vs our forecast of +8%. The performance of the TV division in particular exceeded our expectations (7.5% vs +3% expected). The group has indicated that this favourable trend will continue in April. We reitera...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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