The fourth quarter showed a decrease in profits with an EBITDA of MNOK 11.4 (20.1) and an EBITDA margin of 3.4% (5.8%). The decrease is primarily due to the development in Mynewsdesk and Norwegian Publication, as well as the amortisation of goodwill related to the Mention acquisition.
Operating revenues in the fourth quarter were MNOK 331 (348.1), down 5% on the same period last year. There was
(11 December 2018) Louise Barnekow, Mynewsdesk’s Chief Product Officer, has been appointed interim CEO of the company. Mattias Malmström, who has served as CEO since 2015, has decided to leave Mynewsdesk to pursue new career opportunities. The changes are effective as of today.
Revenues in the third quarter were 3% up on the same period last year. The growth is due to a positive third quarter for advertising revenue, which rose 21% in the quarter. Digital advertising revenue was the main reason for the growth, but there was also a significant improvement in paper-based advertising for Global Publications. Subscription revenue fell by 2% in the quarter. Adjusted for exc
NHST Media Group AS has entered into an agreement for the sale of the business of Nautisk Forlag AS to Stormgeo AS. Completion of the transaction is subject to the fulfilment of certain standard conditions and closing is expected within the next month or a soon as is practical.
Part of NHST since its inception in 1896, Nautisk has in recent years invested in the development of new, innovative
Mynewsdesk, the leading provider of a SaaS all-in-one digital PR platform in the Nordics, today announced that it has acquired Mention, a Paris-based real-time web and social monitoring tool used by a global customer base. The addition creates a new global category leader within real-time web and social listening for small to medium-sized enterprises (SMBs).
After an extensive process, the Board has named Hege Yli Melhus Ask (44) as the new group CEO of NHST Media Group. She joins NHST from the position as Executive Vice President of the Norwegian stock exchange traded insurance company Gjensidige where she has been a member of the management group and responsible for the business area Private since 2011.
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
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
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 co
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.
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 w
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
