NHST Media Group - Quarterly Report fourth quarter 2014

Highlights

• Group revenues amounted to MNOK 327 in the fourth quarter and were consequently marginally up on Q4 2013
• Circulation revenue increased by 4 % in the quarter, advertising revenue was down 12 %, while service revenue increased by 14 %
• EBITDA were MNOK 15 against MNOK 0 in Q4 2013. The quarter ended with an operating profit (EBIT) of MNOK 4 against an operating loss of MNOK 11 for the same period in 2013
• The quarter showed a revenue increase of 3 % for Global, 22 % for Nautical Charts and 16 % for Direct Relations, whereas DN had a revenue decline of 5 %
• Global, Nautical Charts and the Other business areas segment all showed improved operating results, while DN posted an operating profit on level with Q4 2013.
• Accumulated full year revenues ended at MNOK 1 235
• The accumulated operating result was a loss of MNOK 10 for the full year mostly driven by weak markets in Q2 and Q3
• The board will not propose a dividend for 2014
• The Group saw digital revenue growth of 14 % in the quarter and is taking on an extensive digital development journey – from product development to competence development, but hard copy products continue to retain important positions