NHST Media Group - Quarterly Report 3rd quarter 2017

Highlights from the quarter

• Revenues in the third quarter were stable despite a 23 % fall in advertising revenues
• Growth in subscription revenues in the publications and the growth in Mynewsdesk compensated for the decline in advertising
• Subscription revenues were 64 % of the total revenues in the quarter, compared with 58 % a year ago
• The EBITDA, before one-time effects, was MNOK 20, which was a decrease of MNOK 2.
• The operating profit was MNOK 7 before one-time effects, down from MNOK 10 in the same period last year.
• Operations in Nautisk Forlag are challenging as a result of an accelerating decrease in sales of paper charts and price pressure. Nautisk had an operating loss of MNOK 11.3 in the quarter including an impairment of goodwill. As a result of the negative trend, a partial restructuring of the business has begun with the closure of the business in Nautisk Americas.
• The extensive digital product development continues, and digital subscription products are seeing substantial growth. Especially Mynewsdesk’s products are growing.
• Concurrently, the Group continues to extend its conference and content marketing presence, such as DN’s new DNX service.