NRJ Group : Q4 radio sales short of our expectations but normalisation likely in Q1
>Neutral rating maintained - NRJ Group’s Q4 and full year 2022 sales, reported yesterday evening, fell short of our expectations mainly as a result of the radio division which came in below our forecasts (-7.2% vs +1% expected for Q4). The business was hit by demanding comps but audience fundamentals are still in good shape and they should drive a much better performance in Q1. Note that this division posted growth of +19.4% in Q4 2021. For the TV business, the perfo...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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