Business
North Media A/S : Presentation interim report Q1 2026
North Media A/S : Presentation interim report Q1
About this update from North Media A/s
Interim report Q1 2026 EBIT, DKKm 4 (2025: -1) Group financial highlights Q1 2026 EBITDA margin, % 6.5 (2025: 3.4) Capital resources, DKKm 870 (2025: 720) EBITDA, DKKm 19 (2025: 11) Digital Services 17% (14%) 2026* 2025* Last Mile 83% (86%) * Graphics are excl. unallocated costs Revenue, DKKm 294 (2025: 311) Digital Services 15% (14%) 2026 2025 Last Mile 85% (86%) Interim Report Q1 2026 Investor presentation 12 May 2026 3 Last mile Improved earnings driven by FK Distribution Revenue DKKm 250 200 150 100 Revenue declined 6%. SDRs positive effect of insourced franchise invoices could not outweigh the declining volume. FK Distribution impacted one fewer distribution period in Q1 2026. Revenue per distribution week increased 6%. 50 0 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 FK Distribution SDR EBITDA DKKm % EBITDA up by 42%, attributable to FK Distribution effects of lower distribution costs because of one fewer distribution period, as well as a decrease in administrative costs. In SDR, lower revenue offset positive impact from changed distribution setup completed in 2025. 60 50 40 30 20 10 0 -10 20 15 10 5 0 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 FK Distribution SDR Margin, total Interim Report Q1 2026 Investor presentation 12 May 2026 4 Digital services Positive earnings development in Dayli and Bekey Revenue DKKm 30 25 20 15 10 Revenue decreased 3%, impacted by multiple revenue streams in BoligPortal against last year. Continued low supply and low vacancies in the Danish rental housing market, combined combined with revenue from new concepts not delivering as expected. Flat developments in Dayli and Bekey. EBITDA doubled driven by lower costs in Dayli and Bekey primarily IT and operation costs and effects of turnaround process, respectively. BoligPortal impacted by lower revenue and impacted by extraordinary costs related to the adaptation of the organization. 5 0 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 BoligPortal Dayli (MineTilbud) Bekey EBITDA DKKm % 15 20 10 15 10 5 5 0 0 -5 -5 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 BoligPortal Dayli (MineTilbud) Bekey Margin, total Interim Report Q1 2026 Investor presentation 12 May 2026 5 Group outlook 2026 narrowed Revenue, DKKm (previously) 1,267-1,320 (1.267-1.333) EBITDA, DKKm (previously) 133-161 (133-175) EBIT, DKKm (previously) 75-103 (75-117) Narrowed guidance The upper end of the revenue range is narrowed due to a softer than expected start of 2026 in in several for the businesses. The narrowing of earnings primarily relates to the development in both SDR and BoligPortal. Main assumptions Continuation of the stabilised economic development from 2025 and with improved consumer confidence for purchase of goods and rental housing. An expected printed matter volume decline of ~5% and of ~15% for local newspapers in FK Distribution, as well as a decline of ~6% (combined) in SDR. Increased revenue from new products and changes customer mix in FK Distribution and SDR. Continuous EBIT improvements in Dayli and Bekey through strengthened market position, nye value propositions and optimisation of operations. See all assumptions in the Interim Report Q1 2026, pages 6. Updated outlook 2026 12 May 2026 Initial outlook 2026 23 February 2026 Business area, DKKm Last Mile Digital Services Unallocated Revenue EBITDA EBIT Revenue EBITDA 1,085 - 1,135 121 - 151 182 - 198 17 - 29 - -5 EBIT 80 - 110 12 - 24 -17 Total, Group 1,267 - 1,333 133 - 175 75 - 117 78 - 99 12 - 19 -15 75 - 103 119 - 140 17 - 24 -3 133 - 161 1,090 - 1,130 177 - 190 - 1,267 - 1,320 Interim Report Q1 2026 Investor presentation 12 May 2026 6 Appendix Interim Report Q1 2026 Investor presentation 12 May 2026 7 P&L North Media Financial results (DKKm) Q1 2026 Q1 2025 Revenue 293.7 310.5 Gross profit 137.8 136.8 EBITDA 19.0 10.6 Amortisations and depreciations, etc. 14.7 12.0 EBIT 4.3 -1.4 Return on securities -39.7 -151.7 Financials, net -0.6 -1.1 Profit/loss before tax -36.0 -154.0 Tax 4.8 28.7 Net profit for period, continuing activities -31.2 -125.3 Net profit, discontinuing activities 0.0 10.4 Net profit for the period -31.2 -114.9 Comprehensive income -31.1 -114.2 Net profit for the period excl. return on securities - 0.2 3.4 Interim Report Q1 2026 Investor presentation 12 May 2026 8 Group quarterly revenue Interim Report Q1 2026 Investor presentation 12 May 2026 9 Group quarterly EBITDA Interim Report Q1 2026 Investor presentation 12 May 2026 10 Group quarterly EBIT Interim Report Q1 2026 Investor presentation 12 May 2026 11 Interim Report Q1 2026 Investor presentation 12 May 2026 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .