Reasonable start to the year – FY 2021 guidance range narrowed

Announcement no. 16-2021 5 May 2021 North Media generated satisfactory earnings in the first quarter, even though, revenue was affected by the impact of COVID-19, timing differences and the implementation of new growth initiatives. Both Last Mile (FK Distribution) and the growth businesses within Digital Services reported improved EBIT margins, to 29.5% and 15.6% respectively. Revenue was to some extent impacted by the COVID-19 situation, declining by 6% to DKK 243 million.EBIT was DKK...

Søborg, 05/05/2021 (informazione.news - comunicati stampa - editoria e media)

Announcement no. 16-2021
5 May 2021

North Media generated satisfactory earnings in the first quarter, even though, revenue was affected by the impact of COVID-19, timing differences and the implementation of new growth initiatives. Both Last Mile (FK Distribution) and the growth businesses within Digital Services reported improved EBIT margins, to 29.5% and 15.6% respectively.

Last Mile business area

Digital Services business area

Guidance for 2021 narrowed
Full-year 2021 guidance narrowed within the previously announced range. Narrowed guidance is for Last Mile.

“As expected, we've had a reasonably good start to the year, and our performance in the first quarter supports our full-year guidance for 2021. Our businesses are all fully engaged in a number of exciting growth initiatives, which we expect will support our ambitions for growth and enhanced earnings in 2022-23,” says North Media's Group Executive Director & CFO Kåre Wigh.

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

This document is an unofficial translation of the Danish original. In the event of any inconsistencies, the Danish version shall apply.

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