NRJ Group: improvement in profitability and sharp increase in dividend – 03/20/2024 at 6:30 p.m.


(AOF) – NRJ Group presented net income, group share, up 30.3% to 45.2 million euros. At the same time, current operating profit increased by 6.8% to 48.9 million euros. The current operating margin rate increased again to 12.5%, compared to 12% in 2022. NRJ Group highlights the controlled growth of its expenses: 2.5% to 8.4 million euros. Already published, turnover increased by 3% to 391.9 million euros.

At the end of December 2023, the group had a net cash surplus of 301.1 million euros after taking into account 35.9 million rental obligations.

Given its good operational performance and the solidity of its financial situation, the board of directors will propose to the General Meeting of Shareholders on May 16 the payment of a dividend of 0.34 euros per share in respect of the fiscal year 2023, up 30.8%. Detachment is expected on June 3, 2024 and payment on June 5, 2024.

The board of directors of NRJ Group will also propose to the general meeting to authorize a new share buyback program.

“Even if advertising activity remains favorably oriented towards the first quarter of 2024, visibility remains low over the whole year,” warns the group.

NRJ Group specifies that concerning the electricity charge in France, after an increase of 8.7 million euros in 2023 compared to the previous year, the new contract signed for 2024 and 2025 should allow the group, at the same volume , to reduce its electricity cost by around 3 to 3.5 million euros in 2024.

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