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North Media A/S (NORTHM.CO)

Copenhagen - Copenhagen Real-time price. Currency in DKK
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110.60-3.20 (-2.81%)
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  • Globe Newswire

    Reasonable start to the year – FY 2021 guidance range narrowed

    Announcement no. 16-20215 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 64 million as compared with DKK 66 million in Q1 2020.The Q1 net profit exclusive of the return on securities was DKK 52 million, compared with DKK 47 million in Q1 2020. Last Mile business area FK Distribution was affected by small customers, with their stores closed, rescheduling planned campaigns. Large chains and shops maintained their marketing activities through leaflets.Revenue was down by 7%, but cost reductions contributed to keeping EBIT at DKK 62 million, almost in line with the Q1 2020 figure of DKK 64 million. The EBIT margin was 29.5%.Collaboration with Deutsche Post was agreed to expand to packing leaflets for 500,000 households. Digital Services business area BoligPortal reported 6% growth, which is seen in relation to the launch of a new freemium platform, with certain products available free of charge. As expected, the cost of developing and launching the platform also had a negative impact on EBIT, which was DKK 5.7 million as compared with DKK 6.1 million in Q1 2020. The EBIT margin was 27.9%.Ofir reported 65% growth, which was driven mainly by an increase in jobs posted by private companies. EBIT improved from a loss of DKK 1.4 million in Q1 2020 to a profit of DKK 1.1 million in Q1 2021, for an EBIT margin of 14.5%. Ofir strengthened its market position, most recently through the collaboration with Google Jobs.Bekey’s revenue was down 24% due to timing differences in onboarding new municipal customers, whereas EBIT was largely unchanged at a DKK 1.5 million loss. Bekey expects to generate the growth forecast through contracts concluded with new customers in the stairwells market during the rest of the year. Guidance for 2021 narrowed Full-year 2021 guidance narrowed within the previously announced range. Narrowed guidance is for Last Mile. Revenue expected in the DKK 995-1,025 million range (previous guidance: DKK 985-1,025 million).EBIT expected in the DKK 235-255 million range (previous guidance: DKK 230-255 million). Full-year earnings still expected to be in line with the record performance of 2020. “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. Attachment 16-21 Interim Report Q1 2021

  • Globe Newswire

    Investor news: FK Distribution expands the cooperation with Deutsche Post

    Investor news14 April 2021 FK Distribution, subsidiary of North Media, and Deutsche Post have agreed to expand their cooperation on the packing of leaflets. From 1 July 2021, FK Distribution will be packing leaflets for over half a million German households in Schleswig-Holstein, where Deutsche Post undertakes the distribution. The leaflets will be packed at FK Distribution’s facilities in Tilst. FK Distribution currently undertakes the packing of leaflets for 143,000 households in Flensburg on behalf of Deutsche Post. The expansion has no consequence in terms of North Medias guidance for 2021 and ambitions for 2022-2023. But the agreement supports FK Distribution’s ambition in regards of using its highly efficient and technological set-up for offering environmentally friendly packaging and logistics solutions to other adjacent markets. Further information:Lasse Ingemann Brodt, telephone +45 20 24 32 92

  • Globe Newswire

    Summary of business conducted at the Annual General Meeting of North Media A/S on Friday, 26 March 2021

    Announcement no. 15-202126 March 2021 The annual general meeting was conducted in accordance with the announced agenda. The management report was presented and the annual report for 2020 was adopted. In his report, the Chairman of the Board of Directors noted that the Company had achieved the best operating profit (EBIT) in its 56-year history in 2020. Revenue was unchanged at DKK 1,045 million, as double-digit growth rates in North Media Online and Bekey offset the slight drop in FK Distribution’s revenue, which had been expected. EBIT before special items amounted to DKK 240 million, a DKK 74 million increase on 2019. The Company maintained its consistent focus on earnings and optimisation, and all companies improved their performance.Net profit was up by 49% to DKK 307 million, which included a return on securities of DKK 155 million. The capital resources were strengthened, in part due to cash flows from operating activities of DKK 219 million. The Chairman reviewed the new strategy, under which North Media will be divided into two business areas. The Last Mile business area consists of FK Distribution, a strong and well-run value business with attractive and reasonably predictable earnings. The Digital Services business area currently consists of the growth businesses BoligPortal, Ofir and Bekey, which are expected to grow at a rate of about 20% annually in 2022–2023, while improving their earnings and achieving EBIT margins of 25% in 2023. North Media has allocated up to DKK 200 million for acquiring carefully selected businesses, mainly for Digital Services, intended to accelerate value creation. The Board of Directors’ ambition, provided the growth and earnings targets are achieved, is to propose dividends of DKK 5 per share for each of the 2021, 2022 and 2023 financial years. The shareholders voted to adopt a resolution to discharge the members of the Board of Directors and the Executive Board from liability and approved the Board’s recommendation for a dividend of DKK 5 per share in respect of the 2020 financial year. The shareholders adopted the remuneration report presented at the general meeting. The Board of Directors’ authorisations to increase the share capital one or several times by up to DKK 25,000,000.00 was extended to 25 March 2026, and the Articles of Association were amended accordingly. The proposed amendment to delete the item on the agenda relating to discharging the members of the Board of Directors and the Executive Board from liability was adopted by the shareholders. All incumbent Board members were re-elected: Mads Dahl Møberg Andersen, Richard Bunck, Ulrik Holsted-Sandgreen, Thomas Weikop, Ulrik Falkner Thagesen and Ole Borch. In addition, Ann-Sofie Østberg Bjergby was elected to the Board of Directors. PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-appointed as the Company’s auditors as proposed by the Board of Directors. Immediately following the general meeting, Ole Borch was elected Chairman and Richard Bunck was elected Vice-Chairman of the Board of Directors. Additional information is available from the Chairman of the Board, Ole Borch, who can be reached on tel. +45 2518 3555. On behalf of North Media A/S Ole Borch Chairman