NHST Media Group - Quarterly Report 2nd quarter 2018

News   •   Jul 11, 2018 14:41 GMT

  • Revenues in the second quarter were stable.This is a result of the fact that growth in subscription and service revenues offset the decline in advertising revenue.
  • Adjusted for the operations which were wound up in 2017, Nautisk Forlag had revenue growth in the second quarter. Revenues in Mynewsdesk before currency effects were stable in the second quarter.
  • Subscription growth continued for the publications at a rate of 4 %, while advertising revenue declined 7 %.
  • EBITDA before one-time expenses was NOK 31m, a decline of NOK 5m. All the business areas declined, but the largest decline was in Norske Publikasjoner and Mynewsdesk. Both were back NOK 3m.
  • After one-time expenses, EBITDA was NOK 25m in the second quarter and the operating profit in the second quarter was NOK 13m.

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NHST Media Group - Quarterly Report 1st quarter 2018

News   •   Apr 24, 2018 18:31 GMT

Summary

  • Revenues in the first quarter were down 3%, but adjusted for Easter effects and discontinued operations in Nautisk, the revenue trend was stable.
  • Subscription revenue continued to grow for both the publications with 1 % and Mynewsdesk with 3 %. That translates into MNOK 1 and MNOK 2 respectively. The growth rate was lower than in previous quarters.
  • Advertising revenue was lower for both Global Publication with 13 % and Norwegian Publications with 8 %. The decline was MNOK 2,5 og MNOK 3,5 respectively.
  • Revenues in Nautisk Forlag was comparable to the same period last year adjusted for discontinued operations. EBITDA in the Q1 2018 was a loss of MNOK 1, compared to losses of MNOK 7 and MNOK 8 in the third and fourth quarter last year.
  • EBITDA before one-time effects was MNOK 4 for the Group, which was a decline of MNOK 9 compared to the same period last year. The decline was most significant in Norwegian Publications with MNOK 8 caused by lower advertising revenues.The EBITDA loss of MNOK 4 in the first quarter includes a one-off effect of MNOK 8.
  • The operating loss in the first quarter was MNOK 16.
  • The Group CEO Gunnar Bjørkavåg resigned ultimo January 2018. The process of finding a new CEO is under way. The Group has expensed MNOK 8 in total charges related to the change of CEO in Q1.

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NHST Media Group - Quarterly Report 4th quarter 2017

News   •   Feb 05, 2018 18:21 GMT

Highlights in the quarter

  • Revenues in the fourth quarter amounted to MNOK 349, 4 % up on the same quarter last year.
  • A continued high growth rate in Mynewsdesk, up 27 %, resulted in revenue growth for the Group.
  • The decline in advertising revenue in the fourth quarter, down 2 %, was lower than in previous quarters
  • Subscription revenue continued to grow in the fourth quarter, up 2 %, and constituted 58 % of total revenues.
  • New services made a positive contribution to both the revenue and the profit in the quarter.
  • Operations in Nautisk Forlag remained challenging also in the fourth quarter. The operating loss ended at MNOK 10, including restructuring costs of MNOK 5.
  • The Group’s EBITDA before one-time effects of MNOK 26 was up MNOK 3 from the same period last year.
  • The operating profit ended at MNOK 6, including restructuring costs.
  • Investments in the fourth quarter amounted to MNOK 13, and accumulated for the year to MNOK 41, and were related to digitisation of products and business activities.

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Gunnar Bjørkavåg resigns as Group CEO of NHST Media Group

Press Releases   •   Jan 11, 2018 10:14 GMT

Gunnar Bjorkavag and the NHST Media Group board of directors have agreed that Gunnar Bjorkavag resigns from his position as Group CEO, effective from 1 February 2018. 

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NHST Media Group - Quarterly Report 3rd quarter 2017

News   •   Oct 25, 2017 14:32 GMT

Highlights from the quarter

  • Revenues in the third quarter were stable despite a 23 % fall in advertising revenues
  • Growth in subscription revenues in the publications and the growth in Mynewsdesk compensated for the decline in advertising
  • Subscription revenues were 64 % of the total revenues in the quarter, compared with 58 % a year ago
  • The EBITDA, before one-time effects, was MNOK 20, which was a decrease of MNOK 2.
  • The operating profit was MNOK 7 before one-time effects, down from MNOK 10 in the same period last year.
  • Operations in Nautisk Forlag are challenging as a result of an accelerating decrease in sales of paper charts and price pressure. Nautisk had an operating loss of MNOK 11.3 in the quarter including an impairment of goodwill. As a result of the negative trend, a partial restructuring of the business has begun with the closure of the business in Nautisk Americas.
  • The extensive digital product development continues, and digital subscription products are seeing substantial growth. Especially Mynewsdesk’s products are growing.
  • Concurrently, the Group continues to extend its conference and content marketing presence, such as DN’s new DNX service.

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NHST Media Group - Quarterly Report 2nd quarter 2017

News   •   Jul 13, 2017 12:04 GMT

Highlights from the quarter

  • The second quarter was in total a stable quarter for both revenues and operating results, adjusted for one-time effects.
  • Advertising revenues were lower than in the same quarter last year, but was compensated by increased revenues in Mynewsdesk.
  • Total revenues for the quarter were MNOK 335. This was a decline of 8 % as against the same period last year. Adjusted for currency and one time effects the decline was 1.5 %.
  • Growth in subscription revenue was 4 % in the second quarter. Subscription revenue comprised 57 % of the revenue for the second quarter, up from 50 % for the same quarter last year.
  • The Group's media service revenues were stable compared to last year, with growth in Mynewsdesk of 14 % and a decline in Nautisk of 8 %.
  • Advertising revenue was down 12 %. Revenue from both digital and paper advertising declined.
  • EBITDA for the quarter was a profit of MNOK 36, which was an increase of MNOK 2 adjusted for one-off effects in the second quarter of 2016.
  • The operating result for the quarter was a profit of MNOK 24, an increase of MNOK 2 adjusted for one-off effects in 2016.
  • Accumulated operating profits were MNOK 24, an improvement of MNOK 21 over the same period last year adjusted for one-off effects.
  • Nautisk launched its new navigation product "NaviPlanner" during the Nor-Shipping trade fair in May, thereby completing its portfolio of digital Products

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NHST Media Group - Quarterly Report 1st quarter 2017

News   •   Apr 25, 2017 12:49 GMT

Key points in the quarter


  • Revenues for the quarter amounted to MNOK 322, an increase of 5 % from the same period last year.
  • Advertising revenue decreased by 12 %, but were compensated by the growth in subscription revenue of 16 %. Subscription revenue now constitutes 60 % of total revenues, up from 55 % in the same quarter last year.
  • EBITDA for the quarter was a profit of MNOK 13, which was MNOK 21 up on the same period last year. This was the fourth quarter in a row with improved operating result compared to the same period the previous year. The principal reasons for the improvement in the first quarter were the effects of the productivity program in DN with MNOK 9 and profitable revenue growth in Mynewsdesk with MNOK 8.
  • The operating profit for the quarter was MNOK 1, and improvement of MNOK 19.
  • The group’s media service revenues continue to grow and is now 40 % higher than the group’s advertising revenue, against 17 % higher in the same period last year.
  • The Group continues to invest in technology development and the resources connected with digitisation, including a launch in Nautisk of its new digital navigation product NaviPlanner in the second quarter

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NHST Media Group - Quarterly Report 4th quarter 2016

News   •   Feb 15, 2017 15:23 GMT

Main highlights in the quarter

  • Revenues for the quarter increased by were MNOK 337 which is comparable with last year
  • As in previous quarters there are significant variations between revenue types. Subscription revenue increased 13% while advertising revenue fell 15 % and media service revenues declined 7 %.
  • There were also substantial differences between the segments with 16 % growth in Mynewsdesk and 7 % in Norwegian Publications, while Nautisk was down 24 % and Global Publications declined 7 %.
  • The EBITDA for the quarter was a profit of MNOK 23, which was MNOK 19 up on the same period last year. EBITDA for the full year was MNOK 76, an improvement of MNOK 22
  • The operating profit was MNOK 10 for the quarter, an improvement of MNOK 16. For the full year, the operating profit was MNOK 27, an increase with MNOK 14 over last year.
  • The main reasons for the increase in the quarter were lower costs in Dagens Næringsliv and profitable revenue growth in Mynewsdesk. On the other hand, Nautisk increased their operating loss significantly in the quarter.

Other highlights

  • The current development in the different revenue categories has led to subscription revenue comprising 56 % of total revenues, while media service revenue is equalling advertising revenue.
  • Both print and digital advertising declined in the fourth quarter.
  • The productivity improvement programme made a significant positive contribution to the increase in profitability. The goal of gross annual productivity gains of MNOK 75 by the end of 2016 was reached with cost reductions as of the fourth quarter and full effects in 2017.
  • The Group continues to invest in digital product development and upgrades of digital platforms and systems to support of this development. Investments in the form of capitalised development costs amounted to MNOK 15 in the fourth quarter.
  • Based on the improved profitability and cash position, and in line with the Group’s dividend policy, the Board of Directors will propose a dividend of NOK 3 per share, total MNOK 4, for 2016

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NHST Media Group - Quarterly Report 3rd quarter 2016

News   •   Oct 25, 2016 08:30 GMT

Key figures for the quarter

  • Revenues for the quarter increased by 7 % to MNOK 316. Adjusted for acquired and sold companies in 2016, revenues increased by 3 %. Adjusted also for currency effects the increase was 1 %.
  • Revenues in the Norwegian and global news publications increased by 8 % to MNOK 240. Adjusted for business acquisitions, the growth rate was 3 %. Adjusted also for currency effects the revenues were comparable with the same quarter last year.
  • Media service revenues increased by 1 % to MNOK 76. Mynewsdesk had a revenue increase of 15 %, whereas Nautisk Forlag had a revenue decrease of 15 %.
  • The EBITDA performance for the quarter was a profit of MNOK 23, which was MNOK 19 up on the same period last year. The main reasons for the improvement were lower costs in Dagens Næringsliv and Global Publications as well as revenue growth in Mynewsdesk.
  • The operating profit was MNOK 10, up MNOK 17.

Other highlights

  • Advertising revenue decreased by 2 % in the third quarter, against a decrease in the first and second quarters of 19 % and 10 % respectively.
  • The productivity improvement programme in the Group continues and made a significant positive contribution to the result in the third quarter. The target is an annual productivity improvement of MNOK 75.
  • The Group continues to invest in both digital product development and upgrades of platforms and systems that support the digital development. Investments in the form of capitalised development costs amounted to MNOK 8 in the third quarter.

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NHST Media Group - Quarterly Report 2nd quarter 2016

News   •   Jul 15, 2016 13:16 GMT

Highlights for the quarter

  • Revenues increased by 12 % to MNOK 364 in the quarter. Adjusted for one-off effects and the addition of Morgenbladet, revenues increased by 3 %.
  • Revenues in the Norwegian and global news publications increased by 11 % to MNOK 275. Before on-off effects and the consolidation of Morgenbladet, there was a 2 % decline in revenues.
  • Media service revenues increased by 16 % to MNOK 90.
  • The second quarter remained challenging for advertising revenue with a 10 % decrease in revenue. However, the decrease was significantly lower than in the first quarter, which saw a decrease of 19 %.
  • The EBITDA for the quarter was a profit of MNOK 38. Adjusted for restructuring costs of MNOK 16, sales gains of MNOK 19 and consolidated/deconsolidated businesses the increase was MNOK 4.
  • The quarter saw an operating profit of MNOK 26, an increase of MNOK 6.
  • As of April, Morgenbladet has been integrated in Norwegian Publications after NHST’s acquired 90.1 % of the shares, while TDN Finans and Intstream have been sold.
  • The previously announced productivity improvement program is being implemented, and the target has been increased to MNOK 75 (previously MNOK 60) in annual productivity improvements.
  • There is extensive ongoing digital product developments in the group and in the second quarter MNOK 13 was capitalised as investments in products and technology. The new products and product improvements in Mynewsdesk have been completed and are ready to be launched, while the ’One Intrafish’ product was launched in the second quarter.

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