Earnings Release • Apr 23, 2013
Earnings Release
Open in ViewerOpens in native device viewer
Paris, 23 April 2013
2013 first-quarter financials
| 3 months to 31 March (in million euros) | 2013 | 2012 | Change |
|---|---|---|---|
| Music Media and Events | 44.9 | 44.5 | +0.9% |
| Television | 19.1 | 19.8 | -3.5% |
| International Business | 9.8 | 9.3 | + 5.4% |
| Shows and Other Productions | 9.7 | 0.7 | + 1286% |
| Broadcasting | 13.0 | 11.8 | + 10.2% |
| Revenues excluding dissimilar barters | 96.5 | 86.1 | + 12.1% |
| Dissimilar barters | 0.8 | 0.7 | + 14.3% |
| Revenues including dissimilar barters | 97.3 | 86.8 | + 12.1% |
The Group's consolidated revenues (excluding dissimilar barters) came to 96.5 million euros for the first quarter of 2013, compared with 86.1 million euros in the first quarter of 2012, up 12.1% (+12.1% on a comparable basis and at constant exchange rates).
Revenues on purely media activities in France (radio, internet and television) increased by 0.5% between the first quarter of 2012 and the first quarter of 2013.
***
During the first quarter of 2013, the Music Media and Events division generated 44.9 million euros in revenues, compared with 44.5 million euros for the first quarter of 2012, up 0.9%. For the radio business alone, revenue growth came in at 1.2% despite a difficult market environment (+4.2% on a comparable basis, i.e. excluding revenues generated with MFM radio following the end of the advertising agency contract at end-2012).
The latest radio audience measurement wave for January-March 2013, published by Médiamétrie, confirmed the strong audience growth achieved by NRJ's station: gaining 411,000 new daily listeners in one year1 , NRJ was the quickest-growing private radio station in terms of aggregate audience on a yearly basis, while recording its 11th consecutive wave of year-on-year audience share growth2 . NRJ achieved further progress on all the indicators measured by Médiamétrie3 , as well as on all its programming slots4 .
All combined, with the NRJ, NOSTALGIE, CHERIE FM and RIRE ET CHANSONS radio stations, NRJ GROUP has almost 12.2 million daily listeners5 , with 312,000 new daily listeners recruited in one year1 . In this way, NRJ GROUP is France's leading private radio group in terms of number of listeners.
Source: Médiamétrie 126,000 Radio - January-March 2013 - Monday to Friday - 13 year-olds and over, 5am-midnight:
1 Annual change in aggregate audience in thousands
2 Year-on-year audience share growth over 11 consecutive annual waves from November-December 2010 to January-March 2013
3Annual growth in aggregate audience, audience share, quarter of an hour average and listening time 4Annual growth in quarter of an hour average, 06-09:00, 09-21:00, 21-24:00, 24-03:00
5 NRJ GROUP aggregate audience: 12,179,000 daily listeners
The Television business recorded 19.1 million euros in revenues for the first quarter of 2013, compared with 19.8 million euros for the first quarter of 2012, contracting -3.5% in a still very difficult television advertising market (-8.6% on a comparable basis, i.e. excluding revenues generated by CHERIE 25).
In terms of audiences, NRJ 12 continued rolling out its effective targeting strategy at the start of 2013, achieving growth in one year on its priority targets, particularly 25-49 year olds, with an +11% increase in its audience share, and women under 50 in charge of purchases, with its audience share up +44%. Alongside this, the channel has made progress across all targets, with an audience share of 2.4% to date for 2013. Each day, the channel attracts almost 9.7 million viewers6 .
In March 2013, NRJ 12 became the market's leading DTTV channel on the key target for women under 50 in charge of purchases, with a record audience share of 4.1% on this segment7 .
More specifically, NRJ 12's progress is being driven by its strong prime-time access, with "Les Anges de la Télé Réalité 5" and the magazine show presented by Jean-Marc Morandini "Vous Etes en Direct". In one year8 , prime-time access shows 72% growth across all audiences, from 92% on 25-49 year olds to 232% on women under the age of 50 in charge of purchases. On average, "Les Anges de la Télé Réalité 5" is watched by record audiences, attracting over one million viewers each day, positioning NRJ 12 as the leading national channel for 15-24 year olds, number two for women under 50 in charge of purchases and number three for 25-49 year olds9 .
Concerning CHERIE 25, the Group is able to confirm that the channel's first audience results, published in March 2013, are particularly encouraging, with 60% of the channel's audience made up of women aged 15 and over, and a 0.4% audience share on women under 50 in charge of purchases10 .
Revenues for the International Business division totalled 9.8 million euros for the first quarter of 2013, compared with 9.3 million euros for the first quarter of 2012, up 5.4% (+5.4% on a comparable basis and at constant exchange rates), buoyed by growth in business in Germany.
The Shows and Other Productions division totalled 9.7 million euros in the first quarter of 2013 compared with 0.7 million euros in the first quarter of 2012 thanks to the success of the musical "1789 Les Amants de la Bastille".
Lastly, the Group's Broadcasting business has continued to see strong growth in its revenues, in view of its development on the broadcasting markets for FM and above all DTTV. This division's contribution to consolidated revenues represented 13.0 million euros for the first quarter of 2013, up from 11.8 million euros for the first quarter of 2012, an increase of 10.2%.
During the first quarter of 2013, the increase in the Group's operating expenses was linked primarily to the development of the Television business, with the new channel CHERIE 25, as well as the impact of the musical. Excluding losses relating to the development of the new national free channel CHERIE 25, consolidated current EBIT (excluding dissimilar barters) increased between the first quarter of 2012 and the first quarter of 2013.
During the first three weeks of April 2013, the Group recorded an increase in its advertising revenues in France compared with the same period in April 2012.
Sources : Médiamétrie - Médiamat
6Audience levels from 1 January to 15 April 2013 vs 1 January to 15 April 2012, Monday to Sunday, 03:00-27:00 7March 2013 Médiamat, Monday to Sunday, 03:00-27:00
8Prime-time access = 17:30-20:00, audience levels from 1 January to 15 April 2013 vs 1 January to 15 April 2012, Monday to Friday
9New episodes shown in prime-time access from Monday to Friday 10Médiamétrie, Médiamat, CHERIE 25, consolidated audiences from 31 December 2012 to 3 March 2013, Base 4+ with CHERIE 25, Monday to Sunday, 03:00-27:00, extrapolated average rate, audience share and average rate structure
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 holding its general meeting on 28 May 2013 at its registered office
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 www.nrjgroup.fr
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
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.