The financial results of the Group continued to show progress in the first quarter. Earnings before depreciation and amortization reached NOK 21.8 million, compared to minus NOK 12.7 million in the first quarter 2024. The improvement was driven by higher user market and advertising revenues in DN Media Group and by cost reductions in the Saas business area.
In Q4 2024, NHST Group reported substantial financial improvements, with EBITDA rising to NOK 24.8 million. Revenue increased by 4.6%, driven by digital subscriptions. Mention Solutions faced revenue declines, prompting creditor negotiations and asset sales. Group liquidity remains satisfactory.
NHST GROUP’S DEVELOPMENT IN THE THIRD QUARTER OF 2024
NHST GROUP’S DEVELOPMENT IN THE FIRST QUARTER OF 2024
NHST GROUP’S DEVELOPMENT IN THE FOURTH QUARTER OF 2023
Total revenues for the group were NOK 280.5 million in the third quarter 2023 vs NOK 271.4 million in the third quarter 2022.
NHST GROUP’S QUARTERLY REPORT FOR SECOND QUARTER 2023
• Total revenues for the group were NOK 284.0 million in the second quarter 2023 vs NOK 269.9 million in the second quarter 2022.
• Revenues for the media segment were 2.3 per cent higher than in 2022. The growth was predominantly driven by currency impacts on sales in foreign currencies. The growth in digital subscription revenues
• Revenues for the media segment in the quarter were 3.4 per cent higher than the year before. The digital subscription growth continued. Advertising and commercial services revenues increased by 11.7 per cent despite a general contraction in the advertising market.
• EBITDA for the quarter was minus NOK 14.7 million, a reduction of NOK 6.1 million compared to the year before.
• For the Sa
• Total revenues for the Group were NOK 287.7 million in the fourth quarter of 2022, which was 0.6 percent lower than the fourth quarter 2021.
• Revenues for the media segment in the quarter were 1.3 per cent lower than the year before. The digital subscription growth continued although at a lower rate than earlier in the year. Total user revenues increased by 3.1% compared to quarter f
The Group is experiencing challenging market conditions as a result of macroeconomic slowdown in Europe, historically high energy prices and the highest inflation levels seen for a decade. But in light of these events, the need for independent high-quality journalism is higher than ever.
The Norwegian NHST Media Group expands its presence within PR services by acquiring the German company ddp direct GmbH. Since the acquisition of Stockholm based Mynewsdesk in 2008, the PR services business has become the fastest growing area within NHST Media Group.