NRJ GROUP (EPA:NRG) - NRJ GROUP - Financial Information Q3 2014

Transparency directive : regulatory news

05/11/2014 17:51

2014 third-quarter financial information
Press release - Paris, 5 November 2014

       Positive sales(1) trend in the third quarter 2014 (+2.1%)

* Music Media and Events : recovery of sales growth in the third quarter of
   2014 on the back of the audience ratings and the commercial actions
   implemented since the end of the second quarter.
* Television : limited sales decline in the third quarter (compared with the
   trend recorded in the first-half year): a reversal of trend that augurs well
   for the fourth quarter.
* Broadcasting and International Business : continued solid growth.
* Outlook : in the current sluggish economic environment, visibility on future
   advertising spending remains weak and volatility high.

                            Third quarter of 2014:
         Consolidated Group revenue(1): 85.9 million euros (+2.1%)

                            First nine months of 2014:
          Consolidated Group revenue(1): 267.4 million euros (-8.7%)
             (-2.4% excluding "1789 Les Amants de la Bastille")

                                  3rd quarter          9 months to date
In million euros             2014   2013(R)  Change   2014   2013(R)   Change
Music Media and Events       43.8    43.6      0.5%  136.1    142.5     -4.5%
Television                   17.0    17.2     -1.2%   55.0     59.1     -6.9%
International Business        9.3     8.2     13.4%   28.9     27.2      6.3%
Shows and Other
Productions                   0.3     1.1    -72.7%    2.5     23.5    -89.4%
Broadcasting                 15.5    14.0     10.7%   44.9     40.7     10.3%
Revenue excluding
dissimilar barters           85.9    84.1      2.1%  267.4    293.0     -8.7%
Dissimilar barters            0.6     0.7    -14.3%    2.5      3.1    -19.4%
Revenue including
dissimilar barters           86.5    84.8      2.0%  269.9    296.1     -8.8%

(R): In accordance with IFRS 11, backdated to 1 January 2013, the companies that
were previously proportionately consolidated are now consolidated on an equity
basis; the figures for the first 9 months of 2013 have therefore been restated
In relation to the data presented when publishing 2013 first 9 months revenue.
The application of this standard has not had any material impact on the Group's
consolidated revenue or consolidated current EBIT.

(1) Revenue excluding dissimilar barters

2014 THIRD QUARTER HIGHLIGHTS

Music Media and Events - Q3 2014 revenue : 43.8 million euros (+0.5%)

The Group recorded a further increase in radio audiences over the full season of
2013-2014(2), underpinned in particular by NRJ, which maintained its ranking as
France's number one radio station(3) in each Mediamétrie survey publication and
recorded its best ever full-season score(4).

NRJ held on to its substantial lead in new devices, the internet and mobile
internet. NRJ is the most listened to radio in France on all multimedia
devices(5). It is the leading radio brand in France on mobile phones with nearly
733,300 unique visitors a month(6). NRJ Group is also the leading webradio group
in France with nearly 34 million active listeners(7). NRJ, the webradio brand
with the highest listenership in France recorded nearly 24 million active
listeners(7) (i.e. a monthly growth by 8% in September).

Television - Q3 2014 revenue : 17.0 million euros (-1.2%)

NRJ 12(8) held on to its ranking as the fourth-largest DTTV channel both among
its priority targets (audience share of 2.3% and 2.7% respectively among viewers
aged 25-49 and women under 50 responsible for purchases) and the general public
(audience share of 1.8%). The channel continued to roll out its brand-led and
identity-building development strategy across all programmes, recording an
average of 7.8 million viewers(9) each day.
NRJ 12 started the 2014-2015 season with a strengthened access prime-time, and a
more diversified schedule of programmes, notably with new entertainment
programmes on offer: FRIENDS TRIP, PIEGES DE STARS, CE SOIR ON PART EN VACANCES,
CHERI T'ES LE MEILLEUR! and UNIQUE AU MONDE.

CHERIE 25, whose HD DTTV coverage reached 85% at the end of September,
strengthened its positioning in women's entertainment while maintaining strict
control over its investment. CHERIE 25 is the free channel with the biggest
female audience (71.4% of women aged 15 and over(10)).
With a well established identity, the channel started the 2014/2015 season with
a reinforced schedule of programmes (MR SELFRIDGE, HOT IN CLEVELAND, FRANKLIN &
BASH, ON REMET LE COUVERT, SANS TABOU daily) and a more intense communication
through its four major key themes: Art of living, Lifestyles, Culture and
Entertainment.

International Business - Q3 2014 revenue : 9.3 million euros (+13.4%)

Thanks to tight management of this activity, all of the main international
regions (German-speaking, French-speaking and Nordic) contributed to revenue
growth.

Broadcasting - Q3 2014 revenue : 15.5 million euros (+10.7%)

In the continuity of the actions conducted in H1 2014, the Broadcasting division
pursued its development in the DTTV market in particular with the rollout of six
new HD channels.

EVOLUTION OF CURRENT EBIT(11) AND RECENT TRENDS

* In the third quarter of 2014, the Group's current EBIT(11) was close to the
  EBIT(11) reached last year in the third quarter. The EBIT(11) has notably been
  affected by the evolution of the CHÉRIE 25 current EBIT11, which includes an
  increase in broadcasting costs (rollout of HD DTTV in France).
* During the fourth quarter of 2014, the French advertising market, and
  particularly the radio advertising market, remains marked by a high volatility
  and low visibility.
* Next publication: Sales information for the Fourth quarter of 2014, on 5
  February 2015 (after market).

Source: Mediametrie, 126 000 Radio, September 2013-June 2014, 05:00-24:00, 13+,
Monday to Friday, aggregate audience :
(2) NRJ Global, 12,449,000 listeners a day in the September 2013-June 2014
    season vs 12,256,000 listeners a day in September 2012-June 2013.
(3) NRJ, Sep-Oct 2013, Nov-Dec 2013, Jan-Mar 2014, Apr-Jun 2014.
(4) NRJ, highest ever full-season ranking in Sep 2013-Jun 2014, aggregate
    audience in thousands.
(5) Mediametrie Global Radio 2013 second wave, multimedia devices: smartphones,
    tablets, PCs, televisions and personal stereos, aggregate audience, Monday
    to Friday, 05:00-24:00, 13+.
(6) OJD mobile applications, September 2014, rankings calculated based on
    measured radio brands.
(7) OJD, global webradio broadcasting, September 2014. Active sessions: total
    number of listening sessions opened for 30 seconds or more.

Source: Mediametrie, Mediamat:
(8) Jul-Sep 2014, audience share, age 25-49 & women under 50 responsible for
    purchasing. Monday to Friday, 03:00-27:00.
(9) Jul-Sep 2014, Extrapolated aggregate rate, 4+, Monday to Friday,
    3:00-27:00.
(10) Sep 2014, Average rate, individual basis aged 15 and over, women, all free
     channels included, 3:00-27:00, Monday to Sunday.
(11) Current EBIT excluding dissimilar barters.

About NRJ GROUP

NRJ GROUP is one of the leading private media groups in France and an
international player present in 13 other countries, either directly or under
brand licensing agreements with NRJ/ENERGY, the number one international radio
brand, and/or NOSTALGIE/NOSTALGIA. In France, the Group is the private radio
market leader and one of the new players on the television market. The Group is
also a significant player on the radio broadcasting market, through its
subsidiary towerCast, number two on the French broadcasting market. NRJ GROUP is
a publisher, producer and broadcaster, and markets its own media spaces. For
several years, it has been supported by the strength of its radio media and its
NRJ, NOSTALGIE, CHERIE FM and RIRE & CHANSONS brands, as well as its marketing
expertise and commercial capabilities for deploying new media, particularly on
television, or new means of consuming its media offer, especially online, and
related activities around partnerships in order to follow and anticipate
consumer developments, while offering a wider range of advertising services for
its customers.

NRJ GROUP shares are listed on the Euronext market in Paris (Compartment B).
Codes - ISIN: FR00012169; Reuters: SONO.PA; Bloomberg: NRG FP.

                        Analyst and Investor Information
  NRJ GROUP - Financial Communications, 46-50 avenue Theophile Gautier, 75016
                                    Paris, France
   Celia d'Everlange / Tel : + 33 1 40 71 78 05 / e-mail : cdeverlange@nrj.fr

                                www.nrjgroup.fr
     NRJ GROUP - French limited company (société anonyme) with a capital of
        810,815.35 euros - SIREN trade register number 332 036 128 PARIS
                Registered office: 22 rue Boileau, 75016 Paris, France

source : webdisclosure.com

NRJ GROUP's latest news

30/07/2024 17:53

NRJ GROUP (EPA:NRG) - NRJ GROUP - Financial Information Q3 2014

Transparency directive : regulatory news

NRJ GROUP's latest news

Other stories