Brief: North Media Cuts FY EBIT Guidance To DKK 190-200 Mln

North Media A/S

02/11/2022 12:24

Nov 2 (Reuters) - North Media A/S  NORTHM.CO :
    * NORTH MEDIA LOWERS FULL-YEAR 2022 GUIDANCE FK DISTRIBUTION
STRENGTHENED BY GREATER EFFECT OF LEAFLETS, BUT MARKET UNDER
PRESSURE DUE TO RISING PRICES OF PAPER, AND HIGHER SALARIES AND
EXPENSES FOR OUR MORE THAN 10,000 DELIVERERS
    * LOWERS ITS FULL-YEAR 2022 GUIDANCE: REVENUE IS NOW
EXPECTED IN
DKK 995-1,010M RANGE (PREVIOUS GUIDANCE: DKK 1,015-1,040M)
    * FY EBIT IS NOW EXPECTED IN DKK 190-200M RANGE(PREVIOUS
GUIDANCE:
DKK 195-205M)
    * GROUP'S Q3 PERFORMANCE WAS ADVERSELY AFFECTED BY RISING
INFLATION, REDUCED BUSINESS ACTIVITY IN SOCIETY AND HIGHER
SALARIES AND EXPENSES FOR OUR MORE THAN 10,000 DELIVERERS
    * FK DISTRIBUTION'S LEAFLET VOLUMES FELL BY MORE THAN
ANTICIPATED
IN SEPTEMBER
    * ORDER INFLOW FROM SMALL CUSTOMERS WITHOUT AN ANNUAL
AGREEMENT IS
CURRENTLY BELOW EXPECTED LEVEL FOR Q4.

Source text for Eikon:  ID:nGNE7TXKcM 
Further company coverage:  NORTHM.CO 
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