NRJ Group : Results better than expected thanks to radio and a firm grip on costs
>Advertising market for TV a bit more challenging than expected in Q2 - Yesterday evening NRJ Group reported H1 results that came in ahead of our estimates. Underlying operating profit amounted to € 14.8m vs our estimate of € 12m. This difference stems mainly from radio, which grew 4.7% in Q2 vs +0.4% expected. The advertising trend was a bit more challenging than anticipated in Q2 for TV, and advertising revenues were down -13% (vs -5% expected). This situation is s...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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