NHST Media Group – Quarterly report 2nd quarter 2015

Main headlines from the 2^nd quarter

• Revenues in the second quarter were NOK 324m, the same as in the second quarter of the previous year.
• The revenue types continued to develop differently in the second quarter, service revenues were up 24%, circulation revenues were stable, while advertising revenues were down 13%.
• There were large variations between the business areas as Direct Relations was up 36%, Nautical Charts was up 23%, Global was up 2%, while largest business area DN experienced a revenue decline of 8%.
• EBITDA for the quarter was NOK 30m and EBIT NOK 20m, down by NOK 3.5m and 2m respectively on the same period in the previous year.
• The second quarter showed better operating profit in Global and Other, while DN, Direct Relations and Nautical Charts were down.
• The group achieved 12% growth in digital revenues, which accounted for 30% of total revenue in the second quarter.There is extensive digital development in all the business areas, with the quarter seeing several new digital launches.
• The group upped its stake in news monitoring company Intermedium to 100% in the second quarter. Fishing News Weekly was sold with a small positive effect on the operating result