Company announcement No 13-19
15 August 2019
The media group North Media A/S further improved its earnings in H1 2019. EBIT went up by 85%, whereas earnings before tax more than doubled.
The highlights for H1 were as follows (comparative figures for the same period of 2018 shown in brackets):
”2018 marked a performance turnaround for North Media, and we were satisfied to note further improvement in H1 with results better than expected at the beginning of the year. We’re keeping focus on improving and developing the core services of our existing businesses, while exploring the options generated by digitisation,” says Kåre Wigh, Group Executive Director & CFO of North Media A/S.
Outlook for 2019 maintained
On 25 June 2019, North Media adjusted its expectations for the year upwards (company announcement No 12-19), and these expectations are maintained:
All four business lines of the Group are expected to achieve earnings from operations for 2019 above or at the 2018 level. FK Distribution is still expected to generate the main part of the Group’s earnings. North Media Online expects to see positive earnings from operations following headway by both Lejebolig and Job. North Media Aviser expects to see slightly improved earnings driven by more efficient operating procedures and higher prices. BEKEY expects to see EBIT at or slightly above the 2018 level following high double-digit growth in sales to the home care services in Denmark.
For further information
Kåre Wigh, Group Executive Director & CFO, mobile +45 25 65 21 45
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