NRJ GROUP (EPA:NRG) - NRJ GROUP - Financial Information Q1 2021

Transparency directive : regulatory news

05/05/2021 17:45

Paris, May 5, 2021 - 5.45 pm
Financial information for the 1st quarter of 2021 - NRJ Group

Consolidated revenue(1) for the first quarter of 2021 down moderately by 3.4%

In millions of euros       Q1 2021   Q1 2020          Change

Radio                        43.5      45.8            -5.0%
Television                   17.3      18.3            -5.5%
Broadcasting                 16.1      15.5            +3.9%
Revenue excluding barters    76.9      79.6            -3.4%
Revenue on barters            2.1       3.2           -34.4%
Revenue                      79.0      82.8            -4.6%

With its Media activities in France and Europe still affected by the
consequences of the COVID-19 health crisis, in the first quarter of 2021 the
Group recorded revenue excluding barters of EUR76.9 million, down by 3.4%
compared to the first quarter of 2020.

The first quarter of the 2021 financial year was characterised by a difficult
start to the year given the continuing health restrictions, followed by a
recovery in March thanks to a positive base effect for Radio and Television
activities. Broadcasting activity continued to develop, with growth of +3.9%.

RADIO

In the first quarter of 2021, the Radio division generated revenue(1) of
EUR43.5 million, a 5% decrease compared to the first quarter of 2020. The
quarter was characterised by two diametrically opposed periods: a 19.2%
decrease in revenue(1) for the first two months, negatively impacted by the
continuing health restrictions compared to the previous year; and growth of
26.9% in March given the positive base effect linked to the particularly brutal
stoppage of activities in mid-March 2020.

This global trend masks the considerable differences between the various radio
markets in which the Group operates, primarily based on the specific impact of
the different health measures. As such, in the first quarter of 2021, the Group
recorded an 18.5% drop in its international Radio revenue(1), mainly due to the
very strict health measures which significantly set back revenue(1) in Germany.
In France, there were also significant differences in revenue(1) for local
radio, down by 9.4%, and national radio, whose activity grew by 2.9%.

With the results of the Médiamétrie audience figures for the January-March
2021 wave, the Group has the number one commercial radio offer in France for
the 25-49 age group target(2), and solid dominant positions. NRJ brings
together all generations with its programmes filled with optimism and is
France's number 1 radio station for listeners in the under-65 age group(3);
'Manu dans le 6/10' is France's number one morning show for listeners in the
under-60 age group(4), and 'C'Cauet' is France's number one afternoon radio
show for the under-65 age group(3). Every day, more than 9.5 million French
people listen to the Group's radio stations (5).

With its programmes available on all digital devices, NRJ Group is the number
one private audio group: number one private internet radio group(6), leading
radio group on smart speakers(7) and number one group for e-commerce(8). Every
week, NRJ brings together almost 5.6 million listeners who buy products or
services online(8). NRJ is also France's number 1 private radio in terms of
podcast listener numbers(9).

TELEVISION

In the first quarter of 2021, the combined audience share for both of NRJ
Group's free-to-air channels (NRJ 12 and Chérie 25) was 2.2%(10) for the
entire viewing public, 2.2%(10) for the 25-49 age group target and 2.5%(10)
among the women under 50 responsible for purchases target. In the first quarter
of 2021, audiences for the TV division, particularly NRJ 12, performed in
accordance with the TV division's audience profitability strategy.

In the first quarter of 2021, revenue(1) for the TV division recorded a drop of
5.5%, down to EUR17.3 million. As with the Radio division, the quarter
comprised two distinct periods, with a decrease in revenue(1) of 11.1% for the
first two months and growth of 5.8% in March due to a positive base effect.

In line with the audience changes mentioned above, the decrease in revenue(1)
for the TV division in the first quarter of 2021 can be explained by the lower
revenue(1) for NRJ 12, while Chérie 25 and NRJ Hits recorded an increase in
their revenue(1) compared to the same period of 2020 as well as 2019.

BROADCASTING

In the first 3 months of the 2021 financial year, the Broadcasting division
recorded revenue(1) of EUR16.1 million, up by 3.9% compared to the first
quarter of 2020. This increase is due to growth in all FM, DAB+ and DTT
activities.

                               ****************

Recent change and perspectives: COVID -19

Media revenue(1) developed positively in April given the positive base effect,
but visibility remains limited given the health context. The Group will
continue to develop while adapting as best it can to changes in
circumstances.

Next release: Shareholders' General Meeting on May 20, 2021.

                               ****************

Sources:
(1) Consolidated revenue excluding barters, not audited, and according to IFRS
    standards.
(2) Médiamétrie, 126 000 radio, January-March 2021, NRJ Global,
    Monday-Friday, 5h-24h, 25-49 age group, AC, QHM and PDA.
(3) Médiamétrie, 126 000 radio, January-March 2021, NRJ, Monday-Friday ,
    13-64 age group, 5h-24h (NRJ), 15h00-20h00 (C'CAUET), AC.
(4) Médiamétrie, 126 000 radio, January-March 2021, NRJ, Monday-Friday, 13-59
    age group, 6h00-10h00 (MANU DANS LE 6/10), AC.
(5) Médiamétrie, 126 000 radio, January-March 2021, NRJ Global,
    Monday-Friday, aged 13 years and +, 5h-24h, AC, 9,534,000 listeners.
(6) ACPM-OJD, global digital radio broadcasting, March 2021, active listening
    sessions +30 seconds, data for France, NRJ Group: 36,794,307 active
    listening sessions.
(7) Médiamétrie, Smart speakers survey, April-May 2019, Internet users aged
    15 and + (65.2% of radio listeners on smart speakers listen to radio
    stations of NRJ Group).
(8) Kantar Media TGI April 2021. Stations listened to over the last 8 days.
    Internet use to purchase products or services. 15+ age group target.
(9) Médiamétrie, Global Radio, September-October 2020, AC, 5h-24h,
    Monday-Friday, aged 13 years and +, AC in replay.
(10) Médiamétrie-Médiamat, NRJ GROUP TV Division = aggregate NRJ 12 +
     Chérie 25, Audience share, Day of viewing, aged 4 years + or targets
     specified, 03h-27h, Monday to Sunday, Q1 2021.

Notice: Some of the information contained in this financial release may be
provisional. This information reflects either trends or objectives and cannot
be taken as a forecast of results or of any other performance indicator. By its
very nature, such information is subject to risks and uncertainties which may,
in certain cases, be beyond the Company's control. More details on these risks
and uncertainties can be found in the Company's Universal Registration
Document, which is available on its website (www.nrjgroup.fr) in the "Finances/
Publications financières/ Rapports financiers" section.

About NRJ GROUP

NRJ GROUP is one of France's leading private media groups in the publishing,
production and broadcasting sectors and also markets its own media spaces.

In France, the Group tops the private radio market with its four brands (NRJ,
CHERIE FM, NOSTALGIE and RIRE & CHANSONS), is a significant player on the
television market where it operates and develops two free national channels
(NRJ 12 and CHERIE 25) and a paid channel (NRJ HITS, the number 1
cable-satellite-ADSL music channel) and, through its subsidiary towerCast,
ranks number two on the French broadcasting market. Backed by its strong
brands, marketing expertise and commercial performance, in recent years the
Group has also developed a digital ecosystem enabling it to monitor and
anticipate changes in the consumption of media via new delivery mechanisms,
expanding its original brand portfolio through websites, mobile and voice apps,
multi-channel networks and nearly 240 Internet radio stations. Today, NRJ Group
is the number 1 private Internet radio group in France. This digital presence
enables the Group's advertising business to provide its clients with a more
targeted offering thanks to the strategic data collected by the Group.

On the international market, the Group is present in 17 other countries, with
NRJ/ENERGY, the number one international radio brand, and/or
NOSTALGIE/NOSTALGIA, either directly or through partnerships or licensing
agreements.

NRJ GROUP shares are listed on the Euronext in Paris (compartment B). Codes -
ISIN: FR0000121691; Reuters: NRG-FR; Bloomberg: NRG FP.

                      Analyst and Investor Information
  NRJ GROUP ? Investor Relations 46-50 avenue Théophile Gautier 75016 Paris -
                                 www.nrjgroup.fr
       FTI Consulting ? Arnaud de Cheffontaines / Cosme Julien-Madoni /
        Tel: + 33 1 47 03 68 19 / e-mail: nrjgroup@fticonsulting.com

    NRJ GROUP, a public limited company with capital of 781,076.21 euros
                 Head office: 22, rue Boileau 75016 Paris
                           332 036 128 RCS PARIS

NRJ GROUP's latest news

30/04/2024 17:43

NRJ GROUP (EPA:NRG) - NRJ GROUP - Financial Information Q1 2021

Transparency directive : regulatory news

NRJ GROUP's latest news

Other stories