Company announcement no 01-15
February 5, 2015
In a media and ad market characterised by fast-paced structural developments and considerable changes, North Media maintained its earnings for 2014 and successfully implemented strategically important business development initiatives. North Media realised consolidated revenue of DKK 1,074 million, and EBIT before special items amounted to DKK 55 million, which, in line with expectations, was on a par with last year.
”Traditional advertising media such as TV, dailies and unaddressed printed matter continued their decline in users. Consumers increasingly opt for on-demand solutions, whereas the advertisers’ need to reach the broad population is unchanged. This development creates a number of possibilities for North Media. In 2014 as well, our top priority was to spearhead and develop the business for the new realities in the media market,” says CEO of North Media, Lars Nymann Andersen.
And the efforts have borne fruit. In 2014, FK Distribution’s new product, No Ads+, achieved a significant strategic and commercial breakthrough, newspaper activities saw considerable growth thanks to our acquisitions, and the financial performance of the online activities was improved by DKK 18 million. The Group holds a favourable position at the onset of 2015, when new ambitious goals building on the results of 2014 are set to be realised.
”No Ads+ shows how North Media contributes to setting the agenda of the media market’s development and exemplifies the type of product and service development which is decisive for us in our efforts to fortify our market position and future earnings capacity in all our activities. In that light, we will continue to invest massively throughout 2015 and 2016. In the short run, this will reduce earnings of the Group, but lay the foundation for achieving earnings improvement for FK Distribution by 2016 and realising break-even for the Online segment at year-end 2015,” Lars Nymann Andersen rounds off.
Please contact CEO Lars Nymann Andersen or CFO Kåre Wigh at +45 39 57 70 00 for further information.
Yours faithfully
North Media A/S
Lars Nymann Andersen
CEO
