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
NHST Media Group recorded progress in several areas in the second quarter of 2020, despite a continued demanding market situation due to Covid-19.
Demand for news services increased significantly in the first months of the year and remained high in the second quarter. Revenues from digital subscriptions rose, while revenues from print publications continued to fall, in line with the long-term t
The corona outbreak (covid-19) had negative consequences for the NHST Media Group in the first quarter, as for many other businesses in Norway and around the world. The Group’s publications experienced a strong growth in the demand for news and commentaries, resulting in increased traffic on the publications’ websites and increased sale of digital subscriptions. At the same time, advertising inco
NHST Media Group has decided to reduce costs by about NOK 70 million in 2020 to compensate for negative effects of the corona crisis and declining oil prices. Group publications are experiencing record-high readership numbers, but income from advertising and conferences are dropping considerably both in Norway and globally.
- We are delivering important journalism and good products at a difficu
Initiatives to position NHST Media Group for improved profitability continued in the fourth quarter of 2019. Operations were impacted by challenging and continuously changing market conditions, with increasing competition. The Group sees lower demand for paper based products and declining advertising revenues for traditional media. Meanwhile, cost-cutting efforts in combination with technology and
London, UK, Nov. 27, 2019 -- Leia Parker is appointed Editor in Chief of Upstream – the leading global news source for the oil and gas sector.
