Brief: North Media Says FY Revenue At Dkk 1,045m Was In Line With Previous Year

North Media A/S

10/02/2021 18:09

Feb 10 (Reuters) - North Media A/S  NORTHM.CO :
    * REG-NORTH MEDIA A/S RELEASES ANNUAL REPORT 2020 AND
ANNOUNCES
AMBITIONS FOR PERIOD TO 2023
    * EARNINGS IN 2021 EXPECTED IN LINE WITH 2020
    * FY REVENUE AT DKK 1,045M WAS IN LINE WITH PREVIOUS YEAR
    * FY EBIT BEFORE SPECIAL ITEMS WAS DKK 240M, A DKK 74M
IMPROVEMENT
ON 2019
    * NORTH MEDIA EXPECTS ITS CONSOLIDATED EBIT IN 2021 TO BE IN
LINE
WITH 2020 ON SLIGHTLY LOWER REVENUE
    * EXPECT ANNUAL CONSOLIDATED REVENUE GROWTH IN REGION OF 3%
IN
2022-2023 (EXCLUDING ACQUISITIONS)
    * SEES FY 2021 EBIT BEFORE SPECIAL ITEMS IS EXPECTED IN DKK
230M-255M RANGE ON REVENUE OF DKK 985M-1,025M
    * CONTINUED LOCKDOWN OF LARGE PARTS OF RETAIL SECTOR WILL
HAVE A
NEGATIVE IMPACT ON NORTH MEDIA'S GUIDANCE FOR REVENUE AND EBIT
    * CONSOLIDATED EBIT MARGIN IS EXPECTED AT 24% LEVEL IN 2023

Source text for Eikon:  ID:nGNE9P6j4F 
Further company coverage:  NORTHM.CO 

 ((Reuters.Briefs@thomsonreuters.com;))