North Media A/s · OMXCOP:NORTHM
North Media A/s — Q2 2023 Earnings Presentation
14 slides from North Media A/s's earnings presentation, Aug 17, 2023
Slide 1: Q2 report 2023
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Slide 2: Forward-looking statements
Forward-looking statements This presentation and related comments Today’s presenters contains statements about the future, including expectations for 2023, which are Lasse Brodt inherently subject to risks and Group CEO uncertainties that could cause actual results to differ materially from those ex
Slide 3: Business highlights Q2 2023
Business highlights Q2 2023 FK Distribution to Ofir’s new website double solar cell improved user battery capacity at experience, optimises terminals in Taastrup search engine reach, and Tilst for more and made it easier for inhouse use of the companies to upload electricity. job adds. BoligPortal a
Slide 4: Group financial highlights Q2 2023
Group financial highlights Q2 2023 Q2 2023 H1 2023 Revenue, DKKm EBIT margin, % Revenue, DKKm EBIT margin, % 238 15.6 478 16.9 (2022: 260) (2022: 20.0) (2022: 508) (2022: 19.7) Free cash flow, DKKm Capital resources, DKKm Free cash flow, DKKm Capital resources, DKKm 27.7 941 81 941 (2022: 58.1) (202
Slide 5: Business highlights
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Slide 6: FK Distribution
FK Distribution Results in line with expectations • Revenue down in packaging and distribution business • The ‘selected mail’ segment continued to grow • Surveys show that leaflets continue to drive sales • Paper prices down Key figures H1 2022 H1 2023 Q2 2022 Q2 2023 Revenue, DKKm 426.4 395.2 218.7
Slide 7: BoligPortal
BoligPortal Progress driven by advertising income • Revenue growth of 16% mainly from advertising income • Growth from other revenue streams lower than anticipated • Margin* up 54% due to revenue and lower cost • Boligmanager acquired 100% to accelerate product development Key figures H1 2022 H1 202
Slide 8: Ofir
Ofir Lower number of job adds impacts performance • Against a solid Q2 2022, revenue declined 27% • Lower number of job adds from both private and public sector • Increased use of data and AI to facilitate writing of job adds • EBIT impacted by lower revenue and slightly higher fixed costs Key figur
Slide 9: Bekey
Bekey Results impacted by lower activity level • Revenue declined 10%, mainly due to lower hardware sales • Growth in recurring license and service fees and Distributor segments • EBIT down from revenue development and higher fixed costs • Insourcing of competencies to build strong IT development te
Slide 10: Outlook and strategic priorities
Outlook and strategic priorities
Slide 11: Full-year outlook 2023 updated
Full-year outlook 2023 updated Group full-year guidance Comments and main assumptions Revenue, DKKm EBIT, DKKm • Overall, results are in line with expectations – ranges are narrowed. 935-970 135-160 • Revenue range is adjusted mainly due to (previously 920-975) (previously 125-160) improved visibili
Slide 12: Strategic priorities 2023
Strategic priorities 2023 Value creation through cost focus and investments in digital transformation and growth • Ensure strong capital structure to support growth • Explore strategic growth opportunities • Optimise packaging and distribution operations – cost focus • Increase revenue from minetilb
Slide 13: Q&A
Q&A 17 August 2023 Q2 2023 Investor Presentation
Slide 14: IR contact
IR contact: CFO Kåre Wigh T: (+45) 3957 7000 M: (+45) 2565 2145 E: kw@northmedia.dk