(Boursier.com) — NRJ Group climbed by almost 4% to 7 euros this Thursday, while all of the group’s activities recorded sustained growth in the 3rd quarter of 2023. Over this period, consolidated turnover excluding trade increased by +6.5% compared to the 3rd quarter of 2022, to stand at 94.5 ME.
The consolidated turnover excluding trade for the first 9 months of the 2023 financial year stands at €278.7 million, up +2.1% compared to the same period in 2022.
This solid performance remains supported over the first 9 months of 2023 by the power of the Group’s brands. Indeed, according to the Cross Médias study, nearly 46 million French people are entertained each month with the Group’s media.
NRJ Group’s outlook for the 2023 financial year is unchanged. Even if commercial activity was good in October 2023 for the Radio division, visibility on the evolution of media turnover remains limited for the end of 2023.
Portzamparc underlines the good pace of growth across all businesses and a valuation which still does not reflect the fundamentals… Enough to aim higher with a target price which rises from 10.2 euros to 10.40 euros and an opinion which remains for purchase.
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