Announcement no. 2-2022
9 February 2022
Today, the Board of Directors of North Media A/S approved the audited annual report for 2021:
After a solid fourth quarter, North Media is reporting results at the upper end of the most recent guidance range:
Guidance for 2022
North Media released preliminary guidance for 2022 on 2 December 2021. Following the acquisition of Boligmanager in January 2022, the FY 2022 EBIT guidance is adjusted relative to the December announcement.
Financial ambitions for 2023-24 and dividends:
North Media has updated its financial ambitions:
“FK Distribution will be facing major increases in distribution costs in 2022, like many other businesses, due to increasing delivery costs and higher prices of paper for wrappers. In addition, we’ve decided to spend more on strengthening our growth platform in Digital Services. It will impact on this year’s earnings, but it‘s the right move in our efforts to accelerate the strong momentum in BoligPortal and Ofir. Our consolidated earnings this year will not be at the level we’ve become used to but at an attractive level nonetheless,” said North Media’s Group Executive Director & CFO, Kåre Wigh.
For further information, please contact:
Kåre Wigh, Group Executive Director & CFO, tel. +45 25 65 21 45
Enclosed please find the official ESEF .zip-fil for reporting to the Finanstilsynet OAM (in Danish). At the same time we enclose an unofficial PDF of the Annual Report in English.
The members of the Executive Board will present the Annual Report 2021 (in Danish) on HC Andersen Capital’s platform at 10:00 on 10 February (to register, go to https://hcandersencapital.dk/event/north-media-praesentation-af-aarsregnskabet-2021/) and in a conference call (in English) at 13:00 on 10 February (can be followed live on https://streams.eventcdn.net/northmedia/2021ar/register).
North Media develops and operates platforms for transactions that bring businesses and consumers together. These platforms help consumers find the right products, whether they are looking for groceries, rental housing, jobs or digital access management solutions. North Media has two core business areas: Last Mile : FK Distribution is Denmark’s leading distributor of leaflets and local newspapers; it runs the digital platform ‘minetilbud’ and provides logistics services. Digital Services: Three businesses with the potential for double-digit growth, rising earnings and scalability: BoligPortal is Denmark’s leading home rentals platform, offering services to both landlords and tenants. Ofir is Denmark’s most comprehensive jobs universe. Bekey delivers digital access solutions for secured stairwells and private homes for the use of homecare services and companies delivering parcels, groceries, meal services, etc.
This document is an unofficial translation of the Danish original. In the event of any inconsistencies, the Danish version shall apply.
This information was distributed by GlobeNewswire https://www.globenewswire.com/