Announcement • May 14
North Media A/S Lowers Earnings Guidance for Full Year 2026 North Media A/S Lowered Earnings Guidance for full Year 2026. For the year, the company expected revenue of DKK 1,267 million to DKK 1,320 million previously DKK 1,267 million to DKK 1,333 million, EBIT of DKK 75 million to DKK 103 million previously DKK 75 million to DKK 117 million. Announcement • Apr 25
North Media Announces Termination of Ask Illum Jessen as Group Chief Infrastructure and Commercial Optimisation Officer and Member of the Executive Board, Effective April 22, 2026 The Board of Directors of North Media has decided to terminate the position as Group Chief Infrastructure and Commercial Optimisation Officer (CICO) and anchor the work with the directors of the Group Executive Board. Ask Illum Jessen will step down from the position as Group Chief Infrastructure and Commercial Optimisation Officer and will resign as member of the Executive Board as of 22 April 2026. Ask will during his notice period work with a number of strategic tasks and projects within the North Media Group. Group Chief Infrastructure & Commercial Optimization Officer and Member of Executive Board. Announcement • Apr 11
North Media A/S Approves Board Elections North Media A/S at its Annual General Meeting held on April 10, 2026 approved the election of Lasse Ingemann Brodt as a new member of the Board of Directors. The company also approved election of Lasse Ingemann Brodt as Chairman of the Board of Directors. Announcement • Dec 20
North Media A/S, Annual General Meeting, Apr 10, 2026 North Media A/S, Annual General Meeting, Apr 10, 2026. Announcement • Sep 30
North Media Announces the Resignation of Kåre Stausø Wigh as Group CFO, Effective September 26, 2025 The Board of Directors of North Media announces that Kåre Stausø Wigh has stepped down from his position as Group CFO with effect from today. Kåre Stausø Wigh has been on sick leave since the spring of 2025. Announcement • Jan 07
Jobindex A/S entered into an agreement to acquire OFiR a-s from North Media A/S (CPSE:NORTHM) for DKK 30 million. Jobindex A/S entered into an agreement to acquire OFiR a-s from North Media A/S (CPSE:NORTHM) for DKK 30 million on January 6, 2025. Jobindex will continue to use Ofirs website, brand and logo during a transition period. Reported Earnings • Nov 07
Third quarter 2024 earnings released: kr.3.90 loss per share (vs kr.0.90 profit in 3Q 2023) Third quarter 2024 results: kr.3.90 loss per share (down from kr.0.90 profit in 3Q 2023). Revenue: kr.306.5m (up 38% from 3Q 2023). Net loss: kr.69.7m (down kr.86.7m from profit in 3Q 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Media industry in Germany. Announcement • Nov 05
North Media A/S Revises Earnings Guidance for the Full-Year 2024 North Media A/S revised Earnings Guidance for the Full-Year 2024. For the year, the Group expected consolidated revenue to be in the range of DKK 1,315 million to DKK 1,340 million (previously DKK 1,320 million to DKK 1,365 million). EBIT is now expected to be in the DKK 65 million - DKK 85 million range (previous guidance: DKK 75 million - DKK 100 million). New Risk • Oct 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 26% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 26% per year for the foreseeable future. High level of non-cash earnings (87% accrual ratio). Minor Risk Dividend is not well covered by cash flows (401% cash payout ratio). Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: kr.7.70 (vs kr.4.20 in 2Q 2023) Second quarter 2024 results: EPS: kr.7.70 (up from kr.4.20 in 2Q 2023). Revenue: kr.351.0m (up 47% from 2Q 2023). Net income: kr.139.3m (up 80% from 2Q 2023). Profit margin: 40% (up from 32% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in Germany. Announcement • Aug 14
North Media A/S Revises Earnings Guidance for the Full-Year 2024 North Media A/S revised earnings guidance for the full-year 2024. For the year, the Group expected consolidated revenue to be in the range of DKK 1,320 million to DKK 1,365 million (previously DKK 1,310 million to DKK 1,355 million). EBIT to be in the range of DKK 75 million to DKK 100 million range (previously DKK 95 million to DKK 125 million). Announcement • May 18
North Media A/S Lowers Financial Guidance for the Year 2024 North Media A/S Lowered financial guidance for the year 2024. The Group narrows its revenue guidance. Revenue is now expected to be in the DKK 1,310-1,355 million range (previously DKK 1,310- DKK 1,375 million). The narrowing is mainly due to greater insight into SDR’s business, adjustment of projection models in the SDR business and slightly weaker growth in BoligPortal. Moreover, the EBIT guidance is adjusted to DKK 95-125m (previously DKK 110-150m), due to a DKK 13.7m non-cash one-off write-down of IT systems at SDR. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: kr.7.20 (vs kr.6.30 in 1Q 2023) First quarter 2024 results: EPS: kr.7.20 (up from kr.6.30 in 1Q 2023). Revenue: kr.327.1m (up 36% from 1Q 2023). Net income: kr.129.6m (up 11% from 1Q 2023). Profit margin: 40% (down from 49% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Upcoming Dividend • Apr 08
Upcoming dividend of kr.4.00 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 17 April 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.7%). Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Ann-Sofie Bjergby was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 28
Group CEO recently sold €223k worth of stock On the 26th of March, Lasse Brodt sold around 26k shares on-market at roughly €8.59 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Lasse has been a net seller over the last 12 months, reducing personal holdings by €311k. Announcement • Mar 15
North Media A/S Proposes Dividend North Media A/S will propose dividend of DKK 4 per share of DKK 5 at its Annual General Meeting to be held on 12 April 2024. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: kr.14.30 (vs kr.0.11 in FY 2022) Full year 2023 results: EPS: kr.14.30 (up from kr.0.11 in FY 2022). Revenue: kr.949.1m (down 4.6% from FY 2022). Net income: kr.264.4m (up kr.262.3m from FY 2022). Profit margin: 28% (up from 0.2% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Germany. Announcement • Feb 29
North Media A/S Provides Earnings Guidance for the Year 2024 North Media A/S provided earnings guidance for the year 2024. For the year, the company expected revenue to be DKK 1,310 million - DKK 1,375 million and EBIT to be DKK 110 million - DKK 150 million. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 14% per year for the foreseeable future. High level of non-cash earnings (35% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€421k sold). Announcement • Nov 02
North Media Revises Group Earnings Guidance for the Full Year of 2023 North Media revised group earnings guidance for the full year of 2023. For the year, the group expects revenue to be in the range of DKK 940 million to DKK 960 million against previous guidance range of DKK 935 million to DKK 970 million. EBIT to be in the range of DKK 145 million to DKK 160 million against previous guidance range of DKK 135 million to DKK 160 million. Announcement • Oct 05
North Media A/S Appoints Martin Frandsen Tobberup as Chief Development Officer, Effective on October 4, 2023 North Media A/S appointed a fourth member to its Group Executive Board. The appointment is the next step in the process of strengthening the role of the Group Executive Board which commenced in April 2022. Martin Frandsen Tobberup will take up the position as Chief Development Officer (CDO), heading up the Group’s digital operations and development effective on 4 October 2023. Martin will, across the Group, be in charge of ensuring that all companies and functions continue to apply the best, most appropriate and – as far as possible – standardised digital tools and software solutions, which will contribute to enhancing revenue, productivity and profitability. Martin will also be charged with setting the direction for building the digital platform of the future for the companies within the Group. Martin has been with North Media since early 2020, most recently as CFO and a member of the executive board of BoligPortal A/S. Martin has also been in charge of collaboration and knowledge sharing within data & analytics and digital marketing across the North Media Group. Martin has previously been employed by Deloitte Management Consulting and LEGO and also served as CFO of eBay Classifieds Scandinavia. Effective from 4 October 2023, the Group Executive Board will therefore consist of the following members: Lasse Ingemann Brodt, CEO; Kåre Stausø Wigh, CFO; Lisbeth Britt Larsen, Group CHRO; Martin Frandsen Tobberup, CDO. Announcement • Aug 17
North Media A/S Narrows Earnings Guidance for the Full Year 2023 North Media A/S narrowed earnings guidance for the full year 2023 . For the year, company expected revenue in the range of DKK 935 Million to 970 Million range (previously DKK 920 million to 975 million). EBIT is expected in the range of DKK 135 million to 160 million (previously DKK 125 million to 160 million). New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 14% per year for the foreseeable future. High level of non-cash earnings (36% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: kr.4.20 (vs kr.2.60 loss in 2Q 2022) Second quarter 2023 results: EPS: kr.4.20 (up from kr.2.60 loss in 2Q 2022). Revenue: kr.238.4m (down 8.3% from 2Q 2022). Net income: kr.77.2m (up kr.125.2m from 2Q 2022). Profit margin: 32% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 5.6%. Announcement • May 04
North Media Provides Earnings Guidance for the Fiscal Year 2023 North Media provides earnings guidance for the fiscal year 2023. The Group’s fiscal year 2023 consolidated guidance is unchanged. Revenue in still expected to be in the DKK 920-975 million range, with EBIT of DKK 125-160 million and the EBIT margin at about 15%. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: kr.6.30 (vs kr.1.90 loss in 1Q 2022) First quarter 2023 results: EPS: kr.6.30 (up from kr.1.90 loss in 1Q 2022). Revenue: kr.240.0m (down 3.3% from 1Q 2022). Net income: kr.116.3m (up kr.151.7m from 1Q 2022). Profit margin: 49% (up from net loss in 1Q 2022). Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 4.4%. Upcoming Dividend • Mar 20
Upcoming dividend of kr.4.00 per share at 7.0% yield Eligible shareholders must have bought the stock before 27 March 2023. Payment date: 29 March 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (7.2%). Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: kr.0.50 (vs kr.3.10 in 3Q 2021) Third quarter 2022 results: EPS: kr.0.50 (down from kr.3.10 in 3Q 2021). Revenue: kr.228.0m (down 7.5% from 3Q 2021). Net income: kr.9.90m (down 82% from 3Q 2021). Profit margin: 4.3% (down from 23% in 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Media industry in Germany. Reported Earnings • May 05
First quarter 2022 earnings released: kr.1.90 loss per share (vs kr.2.90 profit in 1Q 2021) First quarter 2022 results: kr.1.90 loss per share (down from kr.2.90 profit in 1Q 2021). Revenue: kr.248.2m (up 2.3% from 1Q 2021). Net loss: kr.35.4m (down 167% from profit in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 8.3% growth forecast for the industry in Germany. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr.15.00 (down from kr.16.74 in FY 2020). Revenue: kr.1.03b (down 1.1% from FY 2020). Net income: kr.273.6m (down 9.7% from FY 2020). Profit margin: 27% (down from 29% in FY 2020). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 7.9% growth forecast for the industry in Germany. Board Change • Feb 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Ann-Sofie Bjergby was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.