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Tuesday 23 October, 2012

Nrj Group

NRJ GROUP - Financial Information of 3rd quarte...

PR Newswire/Les Echos/

22 October 2012

                  Quarterly financials of third quarter 2012

         Group consolidated revenues up 1.8% over the third quarter to
                             82.8 million euros

* NRJ confirms its position as France's number one radio station1
* Good growth of Television business
* Favorable development of International business
* Solid growth of Broadcasting business

                                    3rd quarter            9 months to date

In million euros                   2012   2011  Change    2012    2011  Change
Music Media and Events             43.2   44.6   -3.1%   142.0   149.8   -5.2%
Television                         16.9   16.0    5.6%    59.0    56.1    5.2%
International Business             10.1    9.5    6.3%    30.8    28.5    8.1%
Shows and Other Productions         0.3    0.5  -40.0%     2.4     1.4   71.4%
Broadcasting                       12.3   10.7   15.0%    36.3    30.7   18.2%
Revenues excluding dissimilar 
barters                            82.8   81.3    1.8%   270.5   266.5    1.5%
Dissimilar barters                  0.5    1.0  -50.0%     2.4     3.1  -22.6%
Revenues including dissimilar 
barters                            83.3   82.3    1.2%   272.9   269.6    1.2%

Over the first nine months of 2012, consolidated revenues (excluding dissimilar
barter operations) totalled 270.5 million euros, versus 266.5 million euros for
the same period in 2011, an increase of +1.5% (+1.5% on a comparable basis and
at constant exchange rates). Third-quarter revenues came to 82.8 million euros,
up 1.8% in relation to the third quarter of 2011.


During the first nine months of 2012, in a still difficult market environment,
the Music Media and Events division generated 142.0 million euros in revenues,
compared with 149.8 million euros for the first nine months of 2011, down 5.2%,
reflecting a slight improvement in the trend for the third quarter, during which
revenues came in 3.1% lower than the third quarter of 2011. For the radio
business alone, revenues contracted by 4.9% at the end of September 2012
compared with September 2011, following a 2.8% drop in the third quarter.

As far as the radio stations are concerned, while NRJ confirmed its position
this summer as France's number one radio station with its highest ever audience
growth figures over one year(1), the Group rolled out its new programming
schedules at the beginning of September, including new morning shows on Chérie
FM and Nostalgie. In this way, the Group is continuing to develop its music
stations within a particularly favourable environment for radio media which,
according to the Premium Radio Panel released by Médiamétrie, achieved a
record 2011-2012 season with 43.1 million daily listeners(2), whose primary
reason for listening is still music for 57.3% of them. In this way, music radio
represents the most widely listened to format, with an aggregate audience figure
of 40.7%.

(1) Médiamétrie 126,000 radio -July-August 2012,aggregate audience. Historical
records for annual aggregate audience trends, audience share and quarter of an
hour average
(2) Médiamétrie 126,000 radio - September 2011 - June 2012

The Television business recorded 59.0 million euros in revenues for the first
nine months of 2012, compared with 56.1 million euros for the first nine months
of 2011, representing an increase of 5.2% (+5.6% in the third quarter) despite a
difficult advertising market.
In September 2012, NRJ 12 once again confirmed its position as the number three
new DTTV(3) channel, watched by more than 9.3 million people each day(4), thanks
in particular to the very good start made by "Vous êtes en direct", a live
daily show hosted by Jean-Marc Morandini, as well as the second season of the
scripted reality show "Hollywood Girls".
In total, over the period from January to September 2012, NRJ 12 was ranked as
the number three new DTTV channel, with an overall audience share of 2.4% and an
audience share of 2.9% on the target for 25-49 year olds, the key commercial
In this positive environment, the Group's TV division is continuing to develop
its channels, particularly with the scheduling of Star Academy from the end of
2012 on NRJ 12 and the preparation of the programming schedule for CHERIE HD,
which will start broadcasting on 12 December 2012 on DTTV.

Revenues for the International Business division came to 30.8 million euros for
the first nine months of 2012, compared with 28.5 million euros for the first
nine months of 2011, climbing 8.1% (also +8.1% on a comparable basis and at
constant exchange rates), thanks in particular to strong revenue growth in
Germany, Belgium and Finland. In the third quarter of 2012, revenues increased
by 6.3% in relation to the third quarter of 2011 (also +6.3% on a comparable
basis and at constant exchange rates).
During the third quarter, the Group continued moving forward with its
international development, notably sealing a new partnership in Sweden with SBS
RADIO AB, a PROSIEBENSAT. 1 MEDIA AG Group subsidiary. This new alliance will
enable NRJ GROUP and SBS Radio AB to become the private radio market leader in
Sweden from 1 January 2013. Under this agreement, NRJ GROUP will benefit from a
higher level of profitability in Sweden as of 2013.

The Shows and Other Productions division posted 2.4 million euros in revenues at
30 September 2012, compared with 1.4 million euros at 30 September 2011, up
71.4%, primarily thanks to the strong rate of revenue growth achieved by the
music label NRJ MUSIC. The musical "1789 Les Amants de la Bastille" show's first
performances began on 10 October 2012, receiving a very positive response from
audiences and the media.

Lastly, the Group's Broadcasting business has continued to see strong growth in
its revenues, in view of its development in the digital terrestrial television
and FM broadcasting market. Its contribution to consolidated revenues
represented 36.3 million euros for the first nine months of 2012, compared with
30.7 million euros for the first nine months of 2011, an increase of 18.2% (with
+15.0% for the third quarter).

Comment on the conditions for the formation of 2012 third-quarter earnings

At the end of the first nine months, despite a difficult market environment,
current EBIT before barters and excluding start-up costs for the new national
channel CHERIE HD shows a slight increase in relation to 2011.

Trends and outlook

In the absence of improved conditions in the advertising market, visibility on
advertising revenues in France for the current quarter remains limited.

(3) Source Médiamétrie - Médiamat, consolidated audience, September 2012,
audience share 4 year olds and over
(4) Source: Médiamétrie - Médiamat, consolidated audience, September 2012,
extrapolated aggregate rate, viewing threshold 10 consecutive seconds
(5) Source Médiamétrie - Médiamat, consolidated audience, January to
September 2012, audience share 4 year olds and over and 25-49 year olds

Summary of key disclosures during the third quarter

Publication of 2012 first-half revenues (press release on 26 July 2012).
Publication of 2012 first-half earnings (press release on 29 August 2012 and
publication of financial report on 31 August 2012).



NRJ GROUP is one of the leading private media groups in France and an
international player present in 22 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 growing 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 power for deploying new media, particularly on
television, and related activities around partnerships, such as Mobile
Telephony, 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.

  The Group will be releasing its 2012 full-year revenues on 4 February 2013
 (press release published after close of trading on the Paris Stock Exchange)
                       Analyst and Investor Information
     NRJ GROUP - Financial Communications, 46-50 avenue Théophile Gautier,
                             75016 Paris, France
     Frédéric Patureau / Tel: + 33 1 40 71 78 05 / Email: [email protected]
      NRJ GROUP - ISIN FR000121691 / Reuters: SONO.PA / Bloomberg: NRG FP
    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
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