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NHST Media Group - Quarterly Report 2nd quarter 2018

News   •   Jul 11, 2018 14:41 UTC

  • 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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