NRJ Group : Q3 in line but a strong increase in costs in 2023 for Towercast
>Neutral rating reiterated - NRJ Group yesterday evening published its Q3 revenues, which came in at € 88.7m in line with our expectations. The performance of the radio business was slightly better than we expected with growth of 4.4% whereas we looked for 3%. However, the TV arm came in below our expectations with a decline of 11% whereas we looked for -4%. The group held a conference call at which it underlined the lack of visibility on the rest of the year and whic...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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