Announcement no. 16-2022
4 May 2022
Earlier today, the Board of Directors of North Media A/S approved the interim report for the first quarter of 2022.
The Q1 2022 results were in line with expectations and supported our full-year guidance.
Guidance for 2022 maintained
The guidance for 2022 is unchanged relative to that expressed in the 2021 annual report:
“We’re seeing fair improvements in operations, but as expected earnings have come under pressure from external cost increases in Last Mile and because we’ve made the choice to scale up costs in Digital Services in order to accelerate growth. The unrealised negative return on securities is regrettable, but it doesn’t change the fact that, over time, place unrestricted funds in securities creates the most value. Since the end of 2015, we’ve generated total positive returns of DKK 318m on securities,” says CEO Lasse Brodt.
CEO Lasse Ingemann Brodt, tel. +45 20 24 32 92
CFO Kåre Wigh, tel. +45 25 65 21 45
The members of the Executive Board will present the interim report in a conference call (in English) on 5 May at 13:00 CET. Register on https://streams.eventcdn.net/northmedia/q1-2022/register to follow the conference call live.
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 information was distributed by GlobeNewswire https://www.globenewswire.com/