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NHST Media Group - third quarter results 2014

Highlights

  • Group revenues decreased by 1 % to MNOK 286 in the quarter.
  • Circulation revenue increased by 3 %, advertising revenue was down 11 %, while service
    revenue increased by 6 %.
  • EBITDA were minus MNOK 7 against EBITDA of plus MNOK 11 in Q3 2013
  • The quarter saw an operating loss of MNOK 18 against an operating profit of MNOK
    0.3 for the same period in 2013.
  • Global and Nautical Charts continued to increase their revenues and improve their
    profitability, Direct Relations again had higher revenue growth than cost
    growth, while DN posted an operating loss as a result of plummeting advertising
    revenue.
  • The Group increased its digital revenue by 11 % in the quarter.
  • NHST has reduced its interest in Smartcom from 100 % to 35 %. Writedowns and operating
    loss related to Smartcom amount to MNOK 6 in the quarter. The transaction will
    be finalised in Q4.
  • The Group is implementing significant reorganisations and efficiency improvements.

Categories

Contacts

Trond Sundnes

Trond Sundnes

Press contact CEO 91600214

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