Brief: North Media Q3 EBIT Lowers To DKK 56 Mln

North Media A/S

03/11/2021 12:59

Nov 3 (Reuters) - North Media A/S  NORTHM.CO :
    * NORTH MEDIA NARROWING GUIDANCE ON REASONABLY GOOD Q3
RESULTS
    * CONSOLIDATED REVENUE IN Q3 2021 WAS DOWN BY 5% TO DKK 246M
(DKK
261M)
    * Q3 EBIT WAS DKK 56M (DKK 60M), FOR AN EBIT MARGIN OF
22.6%.
    * FULL-YEAR EBIT IS EXPECTED TO SURPASS RECORD RESULT OF DKK
240M
ACHIEVED IN 2020.
    * 2021 REVENUE IS NOW EXPECTED IN DKK 1,020M-1,035M RANGE
(PREVIOUS GUIDANCE: DKK 1,015M-1,035M).
    * 2021 EBIT IS NOW EXPECTED IN DKK 255M-265M RANGE (PREVIOUS
GUIDANCE: DKK 250M-265M)
    * REVENUE AND EBIT GUIDANCE FOR FK DISTRIBUTION AND OFIR
RAISED.
BOTH BUSINESSES ARE EXPECTED TO REPORT IMPROVED EBIT YEAR ON
YEAR
    * GUIDANCE FOR BOLIGPORTAL LOWERED AND RANGE FOR BEKEY
NARROWED
    * BOLIGPORTAL NOW EXPECTS EBIT IN LINE WITH 2020 FIGURE, DUE
TO A
SEVERE DROP IN ACTIVITY IN RENTAL HOUSING MARKET
    * BEKEY ALSO EXPECTS EBIT IN LINE WITH 2020

Source text for Eikon:  ID:nGNE3sGR1D 
Further company coverage:  NORTHM.CO 

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