North Media

Earnings Release • Nov 6, 2019

North Media adjusts 2019 expectations upwards

North Media adjusts 2019 expectations upwards

Company announcement No 16-19

6 November 2019

North Media A/S adjusts earnings expectations upwards for 2019. EBIT before special items is now expected to range between DKK 145 million and DKK 160 million compared to the previous expectation of between DKK 120 million and DKK 140 million.

Revenue expectations for 2019 are specified at a range of DKK 1,110 million to DKK 1,140 million. Previously, revenue expectations ranged between DKK 1,110 million and DKK 1,160 million.

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 comparison, North Media’s revenue amounted to DKK 1,145 million and EBIT before special items amounted to DKK 110 million in 2018. The expected earnings improvement in 2019 is especially driven by FK Distribution’s dissemination of offers as well as North Media Online.  

North Media will publish its Interim Report Q3 2019 tomorrow, 7 November 2019.

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For further information

**Kåre Wigh, Group Executive Director & CFO, mobile +45 25 65 21 45