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NHST Media Group – Quarterly report 2nd quarter 2015

Main headlines from the 2nd quarter

  • Revenues in the second quarter were NOK 324m, the same as in the second quarter of the previous year.
  • The revenue types continued to develop differently in the second quarter, service revenues were up 24%, circulation revenues were stable, while advertising revenues were down 13%.
  • There were large variations between the business areas as Direct Relations was up 36%, Nautical Charts was up 23%, Global was up 2%, while largest business area DN experienced a revenue decline of 8%.
  • EBITDA for the quarter was NOK 30m and EBIT NOK 20m, down by NOK 3.5m and 2m respectively on the same period in the previous year.
  • The second quarter showed better operating profit in Global and Other, while DN, Direct Relations and Nautical Charts were down.
  • The group achieved 12% growth in digital revenues, which accounted for 30% of total revenue in the second quarter.There is extensive digital development in all the business areas, with the quarter seeing several new digital launches.
  • The group upped its stake in news monitoring company Intermedium to 100% in the second quarter. Fishing News Weekly was sold with a small positive effect on the operating result

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Contacts

Trond Sundnes

Trond Sundnes

Press contact CEO 91600214

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NHST Media Group – Quarterly report 2nd quarter 2015
  • NHST Media Group – Quarterly report 2nd quarter 2015
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The NHST Media Group aims to be the best and leading provider of business news in Norway and a world leader in the following three market segments: shipping, seafood, and oil & gas. All our publications are to be characterised by journalistic thoroughness and quality, as well as by an ability to find the exclusive news that will surprise and involve our readers.

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