NHST Media Group - Quarterly Report 4th quarter 2017

Highlights in the quarter

• Revenues in the fourth quarter amounted to MNOK 349, 4 % up on the same quarter last year.
• A continued high growth rate in Mynewsdesk, up 27 %, resulted in revenue growth for the Group.
• The decline in advertising revenue in the fourth quarter, down 2 %, was lower than in previous quarters
• Subscription revenue continued to grow in the fourth quarter, up 2 %, and constituted 58 % of total revenues.
• New services made a positive contribution to both the revenue and the profit in the quarter.
• Operations in Nautisk Forlag remained challenging also in the fourth quarter. The operating loss ended at MNOK 10, including restructuring costs of MNOK 5.
• The Group’s EBITDA before one-time effects of MNOK 26 was up MNOK 3 from the same period last year.
• The operating profit ended at MNOK 6, including restructuring costs.
• Investments in the fourth quarter amounted to MNOK 13, and accumulated for the year to MNOK 41, and were related to digitisation of products and business activities.