NRJ GROUP Announces Strong Annual Results for 2023

NRJ GROUP, a prominent media conglomerate, shared its annual results on March 20, 2024, marking significant growth for the year ending December 31, 2023. The group showed a robust increase in its consolidated results, with a notable 6.8% rise in current operating profit excluding barters and a 30.3% surge in net profit, Group share. Additionally, NRJ proposed a 30.8% increase in dividends per share to €0.34.

The 2023 financial dossier revealed revenue excluding barters climbed by 3.0% to €391.9 million, influenced by advancements in radio (+4.9%) and broadcasting activities (+5.3%). Despite a 2.5% dip in EBITDA excluding barters, operating profit saw a 7.8% increase. The financial results uplifted dramatically to €10.6 million, a significant leap from the previous year's €1.0 million.

NRJ's solid financial status was further evidenced by a 3.7% increase in its shareholders' equity group share to €703.9 million and a 5.8% growth in net cash surplus to €301.1 million. The company attributes its success to positive audience figures across its radio and television divisions, marking leadership in key demographics. The radio sector, in particular, maintained its dominance in France among the 25-49 age group.

The Group's strategic maneuvers across its business segments have evidently positioned it well for sustained growth, further bolstered by its commanding presence in the digital audio space. As NRJ plans to continue capitalizing on its core strengths while exploring new opportunities, it remains cautiously optimistic about the advertising market's prospects in 2024.