Brief: North Media Upgrades Guidance For 2020

North Media A/S

26/06/2020 15:52

June 26 (Reuters) - North Media A/S  NORTHM.CO :
    * UPGRADES GUIDANCE FOR 2020
    * GUIDANCE FOR 2020: EBIT BEFORE SPECIAL ITEMS IS NOW
EXPECTED TO
BE IN RANGE OF DKK 200-230 MILLION
    * NOW EXPECTS TO GENERATE REVENUE IN RANGE OF DKK 990-1,040
MILLION FOR 2020
    * UPDATED GUIDANCE ASSUMES A CONTINUATION OF CURRENT GRADUAL
REOPENING AND NORMALISATION OF DANISH SOCIETY
    * DETERIORATION OF COVID-19 CRISIS CAN/WILL HAVE A NEGATIVE
IMPACT
ON GUIDANCE PROVIDED
    * BOARD TO CONSIDER, BASED ON DEVELOPMENTS OVER SUMMER
PERIOD,
WHETHER CO SHOULD PAY EXTRAORDINARY DIVIDEND IN AUTUMN OF 2020
IN PLACE OF PROPOSED DIVIDEND FOR 2019 WHICH WAS SUSPENDED AT
OUTBREAK OF COVID-19 CRISIS

Source text for Eikon:  ID:nGNEQPFf4 
Further company coverage:  NORTHM.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))