Brief: North Media: FK Distribution agreement with Coop lost to Post Danmark
15/06/2015 15:22
June 15 (Reuters) - North Media A/S NORTHM.CO :
* FK Distribution and Coop have negotiated to prolong
agreement on distributing retail leaflets of Danish supermarkets
Kvickly, Fakta, Superbrugsen, Irma and Daglibrugsen
* Despite sustaining massive losses in the non-universal
postal services segment, Post Danmark continues to offer
customers very low prices
* This has entailed that FK Distribution has lost Coop as
its customer, and as of Jan. 1, 2016, Post Danmark will take
over the distribution task from FK Distribution
* Says losing Coop as its customer must be expected to
affect North Media earnings adversely from 2016
Source text for Eikon: ID:nCSE5Tb3
Further company coverage: NORTHM.CO
(Gdynia Newsroom)
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