News -
NHST Media Group Quarterly report Q1 2013
- Group revenues decreased by 3 % to MNOK 392.3 in the first quarter of the year. First-quarter revenues were affected by the Easter week falling in March this year instead of in April in 2012.
- The operating result and EBITDA declined as well, ending with an operating loss of MNOK 7.3 and EBITDA of MNOK 1.9 respectively.
- The first quarter was characterised by some very demanding advertising months – especially regarding vacancies. The various shipping activities in the Group also experienced lower demand. Market shares continued to develop satisfactory.
- On the subscription side, there was continued growth in revenues, and subscription revenues constitute the largest revenue category, but with variations between the publications.
- The growth in digital revenues continued and was especially strong for the new Direct Relations business area with a growth rate of 43 %.
- The Group acquired the remaining shares in Mynewsdesk at the end of March and beginning of April and owns 100% of the company as at mid-April. The acquisition of ddp direct in Germany is proceeding as planned, and together with Mynewsdesk, these two companies constitute the New business area Digital Relations.
- Several new products were launched during the first quarter. The new Recharge concept and Upstream Technology were both launched in the first quarter together with new web pages in Mandarin for Upstream and TradeWinds.
