Interim Management Statement for Q1 2012 of North Media A/S

North Media A/S 

08.05.2012 17:13
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8 May 2012
Company announcement no 06-12


Q1 2012 group results are satisfactory as expected.
FY 2012 expectations remain unchanged.

Q1 2012 reflects improvements at Søndagsavisen

  -- Group revenue stands at DKK 286.1 million, which is 1.6% up on last year.
     This development has been caused by improvements at Søndagsavisen and in
     online activities.
FK Distribution sales saw a small decline due to pricing pressure and lower
     volumes in the market.
  -- Profit realised from ordinary operations (EBIT) stands at DKK 33.4 million
     against DKK 31.5 million in 2011. Profit margin for Q1 2012 is 11.7%
     compared to 11.2% last year.
This earnings improvement is primarily attributable to improved results at
     Søndagsavisen, MatchWork and Lokalia.dk compared to last year.
  -- As part of the initiative of strengthening the online business foundation,
     North Media acquired the internet service providers, Byggestart A/S and
     HentTilbud ApS, in January and March 2012, respectively. In addition, in
     February the Group acquired a minority interest in eConscribi International
     ApS, which develops and sells an e-recruitment solution. Ofir is the sole
     distributor of this product in Denmark.
  -- A total of DKK 60 million was paid in dividend in Q1 2012. The Group has
     operating cash of DKK 62.8 million at the balance sheet date, to which
     should be added holdings of shares and bonds worth DKK 156.6 million.
     Mortgage debt comes to DKK 171 million. The Group's net interest-bearing
     cash position including securities totalled DKK 48.4 million.

FY 2012 expectations remain unchanged

  -- North Media is envisaging aggravated market conditions for FK Distribution
     in the coming quarters, and, as foreseen, this will affect results for
     those coming quarters.
  -- Expectations for the Group's revenue for 2012 are maintained at DKK 1,050
     million to 1,150 million. Also, EBIT expectations for the Group remain at
     DKK 100 to 130 million.



Please contact Lars Nymann Andersen, CEO, or Kåre Wigh, CFO, at +45 3957 7000
for further information. 



The Interim Management Statement in its full is attached.
News Source: NASDAQ OMX



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Language:     English
Company:      North Media A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010270347
WKN:          
 
End of Announcement                             DGAP News-Service
 
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