NORTH MEDIA A/S Annual Report 2023
Forward-looking statements
This presentation and related comments contains statements about the future, including expectations for 2024, which are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expected.
Today's presenters
Lasse Brodt
Group CEO
Kåre Wigh
Group CFO
29 February 2024 | Annual Report 2023 Investor Presentation |
Strategic and business highlights 2023
Last Mile acquisition of SDR Svensk Direktreklam AB to expand business model for distribution of leaflets and local newspapers to Sweden.
BoligPortal achieved revenue of DKK +100m for the first time, and all-time high earnings.
minetilbud acquired Aviou technology to further strengthen market position.
Sustainability and ESG reporting compliant with EU CSRD directive implemented and to be fully integrated with business operations.
29 February 2024 | Annual Report 2023 Investor Presentation |
Group financial highlights 2023
2023 | Most recent guidance 2023 | ||||||||
Revenue, DKKm | EBIT margin, % | Revenue, DKKm | EBIT, DKKm | ||||||
949 | 15.8 | 940-960 | 145-160 | ||||||
(2022: 995) | (2022: 19.2) | ||||||||
Proposed dividend | |||||||||
Free cash flow, DKKm | Capital resources, DKKm | Per share. DKK | |||||||
157 | 813 | 4 | |||||||
(2022: 171) | (2022: 764) | (2022: 4) |
29 February 2024 | Annual Report 2023 Investor Presentation |
Business highlights
Last Mile: Acquisition of SDR
Expansion of distribution business to Scandinavia
- SDR Svensk Direktreklam - independent company under Last Mile
- Consistent with strategy to acquire, run and optimise high volume businesses - and ambition to expand and renew FK Distribution's business model in an international context
- SDR and FK Distribution are businesses with differences, such as value chains and level of automation
- Common markets characteristics with potential for mutual development of products and infrastructure
- Opportunity to capitalise on PostNord leaving the Swedish market for leaflets and local newspapers in 2023, like in Denmark in 2018
29 February 2024 | Annual Report 2023 Investor Presentation |
SDR Svensk Direktreklam AB
Sweden's largest private distributor of leaflets
- Established in 1976
- Countrywide distribution network with total of 34 locations, hereof 11 franchisers offices
- Approx. 4,800 full and part-time distributors and franchisers. SDR distributes approx. 66% of the volume
- Manual packaging per route in Sweden vs. automated packing per household in Denmark
- Strategic position: Opportunity to expand market reach by signing more contracts with new national, regional and local customers previously handled by PostNord
29 February 2024 | Annual Report 2023 Investor Presentation |
FK Distribution
Results in line with expectations
- Lower revenue and earnings due to market consolidation, paper prices and volume decline of approx. 10%
- High consumer interest for leaflets, "NejTak" solution maintained
- Continued growth in Selected mail business
- New software technology for minetilbud - expected to become a separate business unit (Digital Services) during 2024
Key figures
FY 2022 | FY 2023 | Q4 2022 | Q4 2023 | |
Revenue, DKKm | 836.5 | 784.6 | 221.1 | 208.3 |
EBIT, DKKm | 184.7 | 153.6 | 58 | 46.9 |
EBIT margin, % | 22.1 | 19.6 | 26.2 | 22.5 |
29 February 2024 | Annual Report 2023 Investor Presentation |
BoligPortal
Financial development and strategy execution on track
- First-timerevenue above DKK 100m, corresponding to 14% growth
- Revenue and earnings growth mainly driven by advertising income
- Record-numberof lease contracts and move-in/out inspection reports
- Bostadsportal.se development slower than expected
- Transformation towards full rental housing platform on track
Key figures
FY 2022 | FY 2023 | Q4 2022 | Q4 2023 | |
Revenue, DKKm | 93.9 | 107.0 | 23.2 | 25.6 |
EBIT, DKKm | 24.2 | 35.4 | 6.7 | 8.2 |
EBIT margin, % | 25.8 | 33.1 | 28.9 | 32.0 |
29 February 2024 | Annual Report 2023 Investor Presentation |
Ofir
Performance impacted by fewer job adds
- Revenue down 15%, particularly due to fewer private sector job adds
- Market for job adds impacted by economic restraint and cost focus
- Strong comparison year 2022 with record high number of job adds, +46.000 vs. 39.400 in 2023
- EBIT impacted by revenue development
- Adjustment of strategic approach with stronger foundation for scale
Key figures
FY 2022 | FY 2023 | Q4 2022 | Q4 2023 | |
Revenue, DKKm | 40.0 | 34.0 | 8.7 | 8.7 |
EBIT, DKKm | 2.6 | -5.1 | -0.5 | -1.9 |
EBIT margin, % | 6.5 | -15.0 | -5.7 | -21.8 |
29 February 2024 | Annual Report 2023 Investor Presentation |
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Disclaimer
North Media A/S published this content on 05 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 11:52:04 UTC.
