NHST Media Group - Quarterly Report 1st quarter 2015

Highlights

• Group revenues amounted to MNOK 319 in the first quarter, an increase of 7 %, or MNOK 19, compared with the first quarter last year
• The revenue types continued to develop differently, circulation revenue increased by 4 %, advertising revenue decreased by 5 %, whereas total service revenue increased by 28 %
• Service revenue and operating profit include a net one-off effect of MNOK 11 from a sale of the Group’s lease in London. Exclusive of this effect, the service revenue growth rate was 12 %
• Earnings from operations showed clear improvements. EBITDA increased by MNOK 23 to MNOK 16, whereas the operating profit (EBIT) reflects a turnaround from a loss of MNOK 18 in the previous year to a profit of MNOK 5 in the first quarter this year
• Direct Relations again had the highest increase in revenues with 20 %, followed by Nautical Charts with 14 %, whereas Global saw an increase of 1 % (exclusive of one-off effects) and DN also increased its revenues by 1 % compared with the first quarter last year
• All business areas improved profitability first the first quarter
• The Group’s digital revenue increased by 23% and now constitutes just over 30 % of the Group’s total consolidated revenues