Quarterly Report third quarter 2013

Highlights

• Group revenues increased by 6 % to MNOK 289 in the third quarter 
• The quarter ended with a small operating profit of MNOK 0.3, down from MNOK 3.2, while EBITDA decreased by MNOK 1 to MNOK 11
• Underlying operations were solid during the quarter and there are several efficiency projects under way
• The cost increase was driven by a number of development initiatives in the Group and the growth in Direct Relations
• DN continues its excellent development in terms of revenue and profit
• The markets for the global publications remain challenging with a decrease in both revenue and profit
• Nautical Charts is still seeing a decrease in revenues and with an operating loss resulting from the shipping industry crisis
• Direct Relations continues its heavy growth, but is facing a challenging market situation in Germany