(Boursier.com) — NRJ Group fell 1.8% to 7.70 euros this Friday, while the stock market continues to purge in response to the confused political situation which immediately followed the dissolution of the National Assembly. For its part, the group continued its good momentum and recorded sustained growth for all of its activities in the 1st quarter of 2024. Consolidated turnover excluding trade increased by 5.8% compared to the 1st quarter of 2023. , to settle at 89.7 ME.
The evolution of the turnover of the Radio and Television divisions in April remained close to that observed in the first quarter of 2024, while the month of May could be less dynamic due to the lower economic activity in France during the first fortnight of months with many bridges and public holidays. Visibility remains limited for the rest of 2024, estimates management…
Portzamparc speaks of a “good T1” and believes that the trends in T2 support his scenario. The annual MOC anticipation is adjusted to 12.8%, compared to 12.5%, with an expected TV loss of 2 ME, compared to -3 ME previously by the analyst who is targeting a price of 11.30 euros, slightly revised upwards, with a purchase rating remaining on file.
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