NRJ Group : What do we expect for Q3 from NRJ Group?
>Neutral rating reiterated - We provide an update on our Q3 expectations for NRJ Group. Note that the group is due to publish its Q3 revenues on 7 November followed by a conference call. We are expecting a ‘soft’ advertising trend for H2, due to the fairly challenging base effects for both radio and TV, and also to the economic and political environment in France. Advertising momentum in France is rather sluggish, and we expect it to remain so until the end of the yea...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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