NRJ Group ( (FR:NRG) ) has provided an update.
NRJ GROUP faces a significant challenge as the Council of State upheld ARCOM’s decision to exclude NRJ 12 from TNT broadcasting, threatening the channel’s economic viability and impacting the group’s television division. This decision is expected to result in an 80% revenue drop for NRJ 12, forcing its closure and negatively affecting CHERIE 25, potentially leading to its sale. The group anticipates a revenue decrease of 50 to 55 million euros in 2025, prompting exploration of strategic options and an employment protection plan. Despite these setbacks, NRJ GROUP remains committed to strengthening its radio and broadcasting divisions, leveraging its financial resilience and cash reserves to support future growth.
More about NRJ Group
NRJ GROUP is a prominent French media conglomerate with over 40 years of history, primarily known for its involvement in publishing, producing, and broadcasting. The company holds a leading position in the private radio and audio market in France, with brands such as NRJ, CHERIE FM, NOSTALGIE, and RIRE & CHANSONS. It operates two free national television channels, NRJ 12 and CHERIE 25, and a paid channel, NRJ HITS. Additionally, NRJ GROUP is the second-largest operator in the French broadcasting market through its subsidiary towerCast. The company has expanded into the digital ecosystem, offering digital live streams, themed digital radios, podcasts, and more, making it the top private digital radio group in France. Internationally, NRJ GROUP is present in 16 countries, primarily through partnerships and brand license agreements.
YTD Price Performance: 1.72%
Average Trading Volume: 154
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €550.9M
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