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Wednesday 04 May, 2011

Nrj Group

NRJ Group - Financial information Q1 2011

PR Newswire/Les Echos/

3 May 2011

                        2011 first-quarter financials

Strong radio, internet and television advertising revenue growth in France, up
                      14.9% on the first quarter 2011

Group consolidated revenues up 11.7% to 82.8 million euros for the first quarter
                                   of 2011

3 months to 31 March 2011                        2011     2010     Change
   
In million euros
Music Media and Events                           46.9     43.2     +8.6%
Television                                       17.6     12.9    +36.4%
International Business                            8.4      7.5    +12.0%
Shows and Other Productions                       0.5      2.8    -82.1%
Broadcasting                                      9.4      7.7    +22.1%
Revenues excluding dissimilar barters            82.8     74.1    +11.7%
Dissimilar barters                                1.0      1.3    -23.1%
Revenues including dissimilar barters            83.8     75.4    +11.1%

The Group's consolidated revenues (excluding dissimilar barters) came to 82.8
million euros for the first quarter of 2011, compared with 74.1 million euros in
the first quarter of 2010, up 11.7% (+12.1% on a comparable scope basis and at
constant exchange rates). This change reflects the residual negative impact of
the end of the musical Cléopâtre following its final performances in January
2010. Excluding Cléopâtre, the Group's revenue growth comes out at 15.5%.
Revenues on purely media activities in France (radio, internet and television)
increased by 14.9% between the first quarter of 2010 and the first quarter of
2011.
                       
                                     ***

During the first quarter of 2011, the Music Media and Events division generated
46.9 million euros in revenues, compared with 43.2 million euros for the first
quarter of 2010, up 8.6%. For the radio business alone, revenues climbed 7.9%
between the first quarter of 2010 and the first quarter of 2011. In terms of
audience figures, according to the latest Médiamétrie survey conducted over
the period from January to March 2011, the Group's four stations are listened to
by 12.1 million people each day, compared with 11.9 million daily listeners for
the same period in 2010. The aggregate audience for NRJ, France's number 2 radio
station, has increased by 441,000 daily listeners over one year, seeing its
strongest growth to date (source: Médiamétrie - aggregate audience for
January-March 2011 and January-March 2010 - Monday to Friday - 5 am to midnight
- target 13 year olds and over).

The Television division achieved strong revenue growth, climbing 36.4% from 12.9
million euros in the first quarter of 2010 to 17.6 million euros for the first
quarter of 2011.
Since the start of the year, NRJ 12's audience figures have continued to
improve, with the channel now watched by more than 8.5 million viewers each day.
With an audience share of 2.6% for the period from January to March 2011 on 25
to 49 year olds, NRJ 12 is the number three DTTV channel on this target. Lastly,
in April 2011, NRJ 12 set new records for its audience levels, coming in at over
one million viewers on five occasions (record of 1.5 million viewers on 12
April) (source: Médiamétrie Médiamat TCE = 8506000 people aged 4 and over - 
Audience share Jan-Mar 2011 - Top audiences = April 2011 - target 4 year olds 
and over - Basis: viewing mode audience to date).

Revenues on the International Business division totalled 8.4 million euros for
the first quarter of 2011, up 12.0% (+12.5% on a comparable scope basis and at
constant exchange rate) from the 7.5 million euros recorded in the first quarter
of 2010, thanks more specifically to business growth in the French and
German-speaking regions.

The Shows and Other Productions division posted 0.5 million euros in revenues
for the first quarter of 2011, compared with 2.8 million euros for the first
quarter of 2010, down 82.1%. For reference, during the first quarter of 2010,
the musical Cléopâtre contributed 2.4 million euros for its final performances
given in January 2010.

Lastly, the Group's Broadcasting business has continued to develop, particularly
in connection with the gradual phasing out of analogue broadcasting and the
switch to "all digital" on television. Its contribution to consolidated revenues
represented 9.4 million euros over the first quarter of 2011, up from 
7.7 million euros for the first quarter of 2010, an increase of 22.1%.

Comment on the conditions for the formation of 2011 first-quarter earnings

During the first quarter of 2011, excluding Cléopâtre, the Group's operating
expenses increased. More specifically, this rise in expenses is linked to the
development of the Television and Broadcasting divisions, as well as
International scope effects and the higher level of expenses recorded by the
Music Media and Events division, primarily due to growth in business.
Overall, consolidated current EBIT (excluding barters) increased between the
first quarter of 2010 and the first quarter of 2011.

Recent developments

On the beginning of 2nd quarter 2011, the Group recorded growth in its
advertising revenues in France.

Summary of key disclosures during Q1 2011

Publication of 2010 full-year revenues (press release on 2 February 2011)
Publication of 2010 full-year earnings (press release on 17 March 2011)

The Group will be holding its general meeting on 12 May 2011 at its registered
office
   The Group will be releasing its 2011 first-half revenues on 28 July 2011
  (press release published after close of trading on the Paris Stock Exchange)

                      Analyst and Investor Information
  NRJ GROUP - Financial Communications, 22 rue Boileau, 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
                                www.nrjgroup.fr

                                   NRJ GROUP
French limited company (société anonyme) with a capital of 830,860.30 euros-
SIREN trade register number 330 036 128 PARIS
             Registered office: 22 rue Boileau, 75016 Paris, France
                      
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