North Media A/s · OMXCOP:NORTHM
North Media A/s — Q3 2023 Earnings Presentation
14 slides from North Media A/s's earnings presentation, Nov 2, 2023
Slide 1: Q3 report 2023
Q3 report 2023
Slide 2: Forward-looking statements
Forward-looking statements This presentation and related comments Today’s presenter contains statements about the future, including expectations for 2023, which are inherently subject to risks and Kåre Wigh Group CFO uncertainties that could cause actual results to differ materially from those expec
Slide 3: Business highlights Q3 2023
Business highlights Q3 2023 FK Distribution In Ofir, the new CEO, delivered – as expected Lucas Castenborg, is to - lower revenue decline make Ofir the preferred compared with H1 digital job portal in 2023. Denmark. BoligPortal’s core Bekey’s homecare business, the business remained the marketplace,
Slide 4: Group financial highlights Q3 2023
Group financial highlights Q3 2023 Q3 2023 Q3 YTD 2023 Revenue, DKKm EBIT margin, % Revenue, DKKm EBIT margin, % 222 13.4 701 15.8 (2022: 228) (2022: 12.8) (2022: 736) (2022: 17.5) Free cash flow, DKKm Capital resources, DKKm Free cash flow, DKKm Capital resources, DKKm 40 972 121 972 (2022: 26) (20
Slide 5: Business highlights
A BoligPortal Business ad q = | | 4 * ‘one Eee highlights lejeboligportal.
Slide 6: FK Distribution
FK Distribution Development as expected • Revenue decline in packaging and distribution business • The smaller segment ‘selected mail’ delivered moderate growth • Some customers increased distribution of leaflets • EBIT margin was stable Key figures Q3 YTD Q3 YTD Q3 2022 Q3 2023 2022 2023 Revenue, D
Slide 7: BoligPortal
BoligPortal Continued progress driven by core business • Revenue up 13% mainly from advertising income • Continued efforts to establish BostadsPortal.se in the market • Earnings increased 41% mainly from higher revenue • Preparations to fully integrate Boligmanager during Q4 2023 Key figures Q3 YTD
Slide 8: Ofir
Ofir Results impacted by job market slow down • Revenue decreased as number of job adds fell to 2019 level • Customers select smaller advertising solutions • EBIT impacted by revenue development • New CEO to ensure growth in Ofir Key figures Q3 YTD Q3 YTD Q3 2022 Q3 2023 2022 2023 Revenue, DKKm 31.3
Slide 9: Bekey
Bekey Slight revenue increase from recurring business • Most revenue is generated from the Homecare segment • Proportion of recurring license and service fees from Homecare increased • EBIT was lower due to higher fixed costs • Building a strong internal IT development team continued Key figures Q3
Slide 10: Outlook and strategic priorities
Outlook and strategic priorities
Slide 11: Full-year outlook 2023 narrowed
Full-year outlook 2023 narrowed Group full-year guidance Comments and main assumptions Revenue, DKKm EBIT, DKKm • Overall, results were in line with initial expectations – ranges are narrowed. 940-960 145-160 • Improved visibility for Q4 development in (previously 935-970) (previously 135-160) Last
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 2 November 2023 Q3 2023 Investor Presentation
Slide 14: IR contact
IR contact: CFO Kåre Wigh T: (+45) 3957 7000 M: (+45) 2565 2145 E: kw@northmedia.dk