Interim Report Q3 2019: North Media A/S reinforces earnings

Company announcement No 17-19 7 November 2019 North Media A/S further improved its earnings during the first nine months of 2019. EBIT before special items year-to-date (YTD) increased by 43%. The expectations for 2019 are adjusted upwards.The highlights for the period were as follows (comparative figures for the same period of 2018 shown in brackets): Revenue decreased by 3% to DKK 815 million (DKK 837 million) as a result of lower volumes in FK Distribution and North Media Aviser...

Søborg, 07/11/2019 (informazione.news - comunicati stampa - editoria e media)

Company announcement No 17-19
7 November 2019

North Media A/S further improved its earnings during the first nine months of 2019. EBIT before special items year-to-date (YTD) increased by 43%. The expectations for 2019 are adjusted upwards.

The highlights for the period were as follows (comparative figures for the same period of 2018 shown in brackets):

”We're continuing to improve earnings from operations and are keeping focus on the earnings of all businesses. We're continuing our efforts to develop the core services of our existing businesses, while exploring the possibilities of letting digital tools play an even greater role in our offer dissemination,” says Kåre Wigh, Group Executive Director & CFO of North Media A/S.  

Outlook for 2019
North Media increased its earnings expectations for the financial year 2019 6 November 2019 in company announcement No 16-19.

The upward adjustment is primarily attributable to the continued operation optimisations in FK Distribution having had a greater effect than expected in Q3 and an expectation of this development continuing in Q4.

For further information
Kåre Wigh, Group Executive Director & CFO, mobile +45 25 65 21 45

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