NRJ Group : Q4 revenues beat forecasts thanks to radio. We are slightly lifting our EBIT forecasts for 2023
>Neutral rating reiterated - NRJ Group yesterday evening reported Q4 and full year 2023 revenues ahead of our estimates and those of the consensus. The surprise came from the radio division, which showed a very positive performance. Momentum was particularly good for the radio division which posted a 7% increase, +3% above our forecasts. The audience fundamentals were still strong and the base effect was very favourable too (-7% in Q4 2022). This growth was notably un...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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