Quarterly Report fourth quarter 2013

Highlights

• Group revenues increased by 4 % to MNOK 327 in the fourth quarter
• The quarter ended with an operating loss of MNOK 10.9, down from an operating profit of MNOK 9.6 in 4Q12, while EBITDA decreased by MNOK 19 to MNOK 1
• One-off costs of MNOK 7 related to the liquidation of ddp direct and amortisation of goodwill had a negative impact on the consolidated operating result
• Of the total increase of MNOK 34 in costs in the forth quarter compared to Q412  MNOK 21 was related to Direct Relations and MNOK 9 to DN
• There were large variations in the results achieved by the business areas in the fourth quarter
• DN continued its positive progress
• There was continued high top-line growth for Direct Relations and a number development projects are ongoing
• Nautical Charts achieved a top-line growth of 7 %, but the results were still disappointing due to demanding market conditions
• There were decreases in both revenues and profit for the Global business area due to a decline in TradeWinds and Upstream
• An agreement was entered into on the acquisition of 49 % of Morgenbladet, with an option to purchase up to 90.1 % before 2016
• A dividend of NOK 7 per share total MNOK 9 will be proposed to the AGM