Announcement no. 19-2022
17 August 2022
The Board of Directors of North Media A/S today approved the interim report for the second quarter 2022.
H 1 highlights
H1 2022 results were in line with expectations.
Guidance for 2022 narrowed
BoligPortal’s EBIT guidance raised, whereas the revenue and earnings guidance for the other companies is either unchanged or their previously announced ranges are narrowed.
“ We’ve seen satisfactory developments in our underlying operations during the first half of 2022. High inflation and upward pressure on costs makes us focus even more on economies of scale, cost management and consistent execution. For Digital Services, the onus is on increasing growth through initiatives already launched. For FK Distribution, the main focus will be to optimise the core business and strengthen the other recent activities. I’m also very pleased to note that the new solar panel plant at our Taastrup packing terminal is now in operation,” said North Media CEO Lasse Brodt.
CEO Lasse 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 18 August at 12:30 CEST. Register on https://streams.eventcdn.net/northmedia/q2-2022/register to follow the conference call live. The members of the Executive Board will present the interim report in Danish on HC Andersen Capital’s platform on 18 August at 14:00 CEST (register through this link: https://hcandersencapital.dk/event/north-media-praesentation-af-delaarsrapport-q2-2022/
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/