NRJ Group : Q3 2023 driven by good advertising momentum in France and comparatives
>Neutral rating maintained - NRJ Group’s Q3 2023 sales, posted yesterday evening, slightly beat our expectations at € 94.5m (vs € 92m forecast), mainly thanks to the TV business (+7.2%). The group’s performance was virtually in line with that of its European peers. This confirms the much better trend in France than elsewhere in Europe in Q3. The group benefited from favourable comps particularly for the TV segment, with the group having posted an 11% drop for TV in Q3...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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