NRJ GROUP announces its 2023 annual results showing strong growth

Par Rémy EISENSTEIN - The Board of Directors of NRJ Group revealed solid growth in consolidated financial results for the year 2023. The report highlights a significant increase in net profit Group share of +30.3% and proposes a dividend increase of +30.8% to €0.34 per share. These positive results reflect the effectiveness of the strategies implemented and are supported by notable progress in Radio and Broadcasting activities.

In detail, turnover excluding exchanges amounts to 391.9 million euros, marking an increase of +3.0% compared to the previous year. The Group's current operating margin also increased, reaching 12.5% in 2023 compared to 12.0% in 2022. Furthermore, the net cash surplus increased by +5.8% to stand at 301.1 million euros as of December 31, 2023, indicating the financial strength of the group.

NRJ Group's Radio sector particularly shone, with growth of +4.9% in its turnover, and the Broadcasting division recorded growth of +5.3%. These performances demonstrate the relevance of the strategic orientations adopted by the group. However, the Television branch experienced a slight decline of -4.5%, reflecting the challenges of the advertising market. Faced with this, NRJ Group affirms its resilience by maintaining positive current operating income within its Television division.

All of the results demonstrate the positive dynamics of NRJ Group which, despite an uncertain context, continues to strengthen its presence and leadership in the media market thanks to powerful brands and a diversified offering.