North Media A/S
CSE:NORTHM

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North Media A/S
CSE:NORTHM
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Price: 46.6 DKK -1.89% Market Closed
Market Cap: 840m DKK

North Media A/S
Investor Relations

North Media A/S engages in the distribution, production, and sale of media activities, and digital products and services. The firm is primarily engaged in the publishing and distribution of newspapers in Denmark, with minor activities in England, Sweden and Germany. The Company’s activities are structured into two segments, namely Print and Online. The Print segment consists of the distribution activities of FK Distribution, as well as printing the newspapers of Sondagsavisen, Helsingor Dagblad and Lokalavisen Nordsaelland. Through Bekey A/S it develops an electronic key system used for stairway entrance doors and private doors. The Online segment consists of Ofir.dk, MatchWork.com, Sondagsavisen.dk, BoligPortal.dk, MinReklame.dk and BostadsPortal.se. The firm operates through its subsidiaries and joint ventures, including Helsingor Dagblad A/S, FK Distribution A/S, and BeKey A/S, among others. In November 2013, the Company acquired eight local newspapers from Berlingske Medier.

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NORTHM
OMX Copenhagen 25
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Last Earnings Call
Fiscal Period
Q1 2024
Call Date
May 23, 2024
AI Summary
Q1 2024

Revenue Growth: Q1 2024 revenue increased by 36%, mainly from the inclusion of SDR, though revenue excluding SDR was down 3% year-on-year.

Profitability: EBITDA was DKK 31.2 million with an 11.9% margin, down as expected due to lower results at FK Distribution and Digital Services.

Cash Flow: Free cash flow declined to minus DKK 8 million, impacted by higher working capital needs and COVID-19 debt payments in SDR.

Guidance Narrowed: Full-year 2024 revenue expected between DKK 1.310 and 1.355 billion, and EBITDA between DKK 170 and 200 million. Guidance narrowed mainly due to better visibility on SDR and BoligPortal trends.

Business Integration: SDR integration is on track, with major IT system changes and automated packing tests planned for Q2.

ESG Progress: Company achieved 24% renewable energy usage in 2023 and expects two solar systems to cover about 40% of power needs when fully operational.

Key Financials
EBITDA
DKK 31.2 million
EBITDA Margin
11.9%
Free Cash Flow
-DKK 8 million
Return on Securities
DKK 156 million
Capital Resources
DKK 951 million
SDR Revenue
DKK 94 million
EBIT Write-down (SDR IT systems)
DKK 13.7 million
Renewable Energy Progress
24% of target achieved in 2023
Earnings Call Recording
Other Earnings Calls

Management

Mr. Lasse Ingemann Brodt
Group CEO, MD & Member of the Executive Board
No Bio Available
Mr. Kare Stauso Wigh
Group Chief Financial Officer & Member of Executive Board
No Bio Available
Ms. Lisbeth Britt Larsen
Group HR Director & Member of Management Board
No Bio Available
Mr. Martin Frandsen Tobberup
Group Chief Development Officer & Member of Executive Board
No Bio Available
Anne Malling Hansen
Head of the Executive Secretariat
No Bio Available

Contacts

Address
Soeborg
Gladsaxe Moellevej 28
Contacts
+4539577000.0
www.northmedia.dk