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. New Risk • May 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Shares are highly illiquid. Earnings have declined by 28% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 13
First quarter 2026 earnings released: kr.1.70 loss per share (vs kr.6.87 loss in 1Q 2025) First quarter 2026 results: kr.1.70 loss per share (improved from kr.6.87 loss in 1Q 2025). Revenue: kr.293.7m (down 5.4% from 1Q 2025). Net loss: kr.31.2m (loss narrowed 75% from 1Q 2025). 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. Board Change • Apr 10
Less than half of directors are independent 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. 2 independent directors (3 non-independent directors). Independent Director Ann-Sofie Bjergby was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 23
Less than half of directors are independent 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. 2 independent directors (3 non-independent directors). Independent Director Ann-Sofie Bjergby was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Feb 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 92% Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 31% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (92% cash payout ratio). Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: kr.3.02 (vs kr.4.01 in FY 2024) Full year 2025 results: EPS: kr.3.02 (down from kr.4.01 in FY 2024). Revenue: kr.1.30b (flat on FY 2024). Net income: kr.54.1m (down 25% from FY 2024). Profit margin: 4.2% (down from 5.6% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Board Change • Jan 08
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. Announcement • Dec 20
North Media A/S, Annual General Meeting, Apr 10, 2026 North Media A/S, Annual General Meeting, Apr 10, 2026. Board Change • Nov 18
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. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: kr.3.00 (vs kr.3.90 loss in 3Q 2024) Third quarter 2025 results: EPS: kr.3.00 (up from kr.3.90 loss in 3Q 2024). Revenue: kr.286.4m (down 6.6% from 3Q 2024). Net income: kr.52.9m (up kr.122.6m from 3Q 2024). Profit margin: 19% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Oct 02
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. 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. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: kr.5.30 (vs kr.7.70 in 2Q 2024) Second quarter 2025 results: EPS: kr.5.30 (down from kr.7.70 in 2Q 2024). Revenue: kr.342.3m (down 2.5% from 2Q 2024). Net income: kr.96.2m (down 31% from 2Q 2024). Profit margin: 28% (down from 40% in 2Q 2024). Board Change • Jul 18
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. Board Change • Jul 04
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. New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Shares are highly illiquid. Earnings have declined by 13% per year over the past 5 years. Reported Earnings • May 22
First quarter 2025 earnings released: kr.6.30 loss per share (vs kr.7.20 profit in 1Q 2024) First quarter 2025 results: kr.6.30 loss per share (down from kr.7.20 profit in 1Q 2024). Revenue: kr.310.5m (down 5.1% from 1Q 2024). Net loss: kr.125.3m (down 197% from profit in 1Q 2024). Revenue is forecast to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • May 21
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. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: kr.3.40 (vs kr.14.29 in FY 2023) Full year 2024 results: EPS: kr.3.40 (down from kr.14.29 in FY 2023). Revenue: kr.1.30b (up 37% from FY 2023). Net income: kr.72.5m (down 73% from FY 2023). Profit margin: 5.6% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • Mar 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr.679.5m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. High level of non-cash earnings (72% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (kr.679.5m market cap, or US$99.2m). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr.39.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Media industry in the United Kingdom. Total loss to shareholders of 44% over the past three years. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 19% 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 Shares are highly illiquid. Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (72% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (21% net profit margin). Board Change • Feb 25
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. Board Change • Jan 13
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. 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. Board Change • Dec 20
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. 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). 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). Board Change • Jun 20
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. 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. Board Change • Apr 09
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 kr.1.7m worth of stock On the 26th of March, Lasse Brodt sold around 26k shares on-market at roughly kr.64.08 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 kr.2.3m. 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 the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. 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 09
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 Shares are highly illiquid. 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 (kr.3.1m 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. New Risk • Aug 18
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 Shares are highly illiquid. 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. 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). 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 the United Kingdom are expected to grow by 4.6%. 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%. 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 British dividend payers (5.7%). Higher than average of industry peers (3.3%). 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 7.1% growth forecast for the Media industry in the United Kingdom. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr.69.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 23x in the Media industry in the United Kingdom. Total loss to shareholders of 35% over the past year. Reported Earnings • May 10
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 9.9% growth forecast for the industry in the United Kingdom. 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 12% growth forecast for the industry in the United Kingdom. Reported Earnings • Nov 08
Third quarter 2021 earnings released: EPS kr.3.10 (vs kr.4.43 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.246.4m (down 5.4% from 3Q 2020). Net income: kr.55.8m (down 31% from 3Q 2020). Profit margin: 23% (down from 31% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Board Change • Nov 08
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. Chairman of the Board Ole Borch 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. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS kr.5.40 (vs kr.6.64 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: kr.258.9m (up 2.1% from 2Q 2020). Net income: kr.98.3m (down 18% from 2Q 2020). Profit margin: 38% (down from 47% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 16% share price gain to kr.95.60, the stock is trading at a trailing P/E ratio of 5.7x, up from the previous P/E ratio of 4.9x. This compares to an average P/E of 22x in the Media industry in the United Kingdom. Total returns to shareholders over the past three years are 169%. Announcement • Feb 11
North Media A/S, Annual General Meeting, Mar 26, 2021 North Media A/S, Annual General Meeting, Mar 26, 2021. Agenda: To consider board changes. Valuation Update With 7 Day Price Move • Dec 02
Market pulls back on stock over the past week After last week's 40% share price decline to kr.41.30, the stock is trading at a trailing P/E ratio of 5.2x, down from the previous P/E ratio of 8.7x. This compares to an average P/E of 19x in the Media industry in the United Kingdom. Announcement • Nov 06
North Media Narrows Full-Year 2020 Guidance North Media narrowing full-year 2020 guidance. Revenue and EBIT now expected at the upper end of previously guided ranges. The change is based on the greater certainty about FK Distribution’s performance. Revenue now expected in the DKK 1,020-1,045 million range (previous guidance: DKK 1,005-1,045 million). EBIT before special items now expected in the DKK 230-245 million range (previous guidance: DKK 215-245 million). 
