North Media A/S
Interim Report 2013
North Media A/S 07.08.2013 07:54 --------------------------------------------------------------------------- North Media launches No Ads+ and the earnings performance was better than expected for H1 2013 7 August 2013 Company announcement no 08-13 North Media's H1 2013 revenue is DKK 530 million. Despite a 5% decline on the same period in 2012, the reduction in revenue was lower than originally estimated. Group EBIT stands at DKK 28 million for H1 2013, which was better than expected. Also, during that period North Media has strengthened its financial resources, thus ensuring further strategic manoeuvrability. In view of H1 results and the indications that the adopted tax on printed matter will not be introduced until in Q4 2013 at the earliest, Management adjusts its EBIT expectations for the year upwards to range between DKK 0 and DKK 20 million. Lars Nymann Andersen, CEO of North Media, says: 'The media market situation is still highly challenged by the structural market developments and legislative measures in several of our business areas. This is why it's satisfactory that - although only moderately - we are now able to increase our earnings expectations for FY 2013.' 'In the last couple of years, implementation of planned activities, profitability and not least business development have been at the top of Management's agenda. This is why it's positive that in 2013 we are able to launch new products that we expect can contribute positively to future earnings. Most notably, FK Distribution launched a new and innovative product in the spring, No Ads+, which gives consumers the chance to have just those printed ads delivered that they want and to opt out of the rest. This is an example of how we work firmly across the Print and Online segments towards developing new solutions that are aimed at securing the long-term earnings capacity of North Media,' Lars Nymann Andersen ads. Please contact CEO Lars Nymann Andersen or CFO KÃ¥re Wigh, at +45 39 57 70 00, for further information. Yours faithfully North Media A/S Lars Nymann Andersen Chief Executive Officer This document is an unofficial translation of the Danish original. In the event of any inconsistencies the Danish version shall apply. News Source: NASDAQ OMX 07.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: North Media A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010270347 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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