Brief: NRJ Group FY Operating Result Down At 28.2 Million Euros

NRJ SA

18/03/2020 18:11

March 18 (Reuters) - NRJ Group SA  SONO.PA :
    * FY NET PROFIT GROUP SHARE EUR 21.7 MILLION VERSUS EUR 22.0
MILLION YEAR AGO
    * WITH REGARDS TO COVID-19, OUR EMPLOYEES’ HEALTH REMAINS
THE
GROUP’S PRIORITY, WHILE CONTINUING TO PROVIDE THE SERVICES
EXPECTED BY OUR LISTENERS, VIEWERS AND CLIENTS. TO DO SO, THE
GROUP HAS IMPLEMENTED BUSINESS CONTINUITY PLANS FOR ITS VARIOUS
PROFESSIONS AND SITES
    * PERSPECTIVES DO NOT TAKE INTO ACCOUNT THE EFFECTS OF THE
CORONAVIRUS CRISIS
    * ON CORONAVIRUS:  SINCE THE BEGINNING OF MARCH THE GROUP
HAS
RECORDED CAMPAIGN CANCELLATIONS FROM BOTH RADIO AND TELEVISION
ADVERTISERS, WITH SHARP ACCELERATION OVER THE LAST FEW DAYS
    * FY EBITDA EXCLUDING BARTERS EUR  61.8 MILLION VERSUS  EUR
55.9
MILLION YEAR AGO
    * ON CORONAVIRUS:  GIVEN CANCELLATIONS, REVENUE FOR THE
RADIO AND
TELEVISION DIVISIONS SHOULD BE DOWN SIGNIFICANTLY IN Q1 2020
    * FY OPERATING RESULT EUR 28.2 MILLION VERSUS EUR 32.3
MILLION
YEAR AGO
    * FY CONSOLIDATED REVENUE EXCLUDING BARTERS OF EUR 386.2
MILLION
VERSUS EUR 392.3 MILLION YEAR AGO
    * ON CORONAVIRUS: BEYOND THE FIRST QUARTER OF 2020, THERE IS
STILL
UNCERTAINTY ABOUT THE EVOLUTION OF THE COVID-19 HEALTH CRISIS
AND ITS CONSEQUENCES ON THE GROUP’S RESULTS
    * PERSPECTIVES FOR RADIO DIVISION: INTERNATIONALLY, IN 2020
THE
GROUP PREDICTS A STABLE CURRENT OPERATING PROFIT EXCLUDING
BARTERS
    * FY  NET CASH SURPLUS OF €213.5 MILLION WHICH, AFTER
APPLYING THE
IFRS 16 STANDARD AND DEDUCTING €33.7 MILLION IN LEASE
LIABILITIES, AMOUNTS TO €179.8 MILLION

Source text: https://bit.ly/2xK0ZPm
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