Denmark's North Media Q1 revenue falls 5%, cuts 2026 outlook

North Media A/S

12/05/2026 14:52

Overview

Denmark platform operator's Q1 revenue fell yr/yr, driven by declines in both core segments

Operating profit improved, aided by cost reductions in Last Mile and progress in Digital Services

Company narrowed 2026 revenue and profit guidance after weaker start in BoligPortal and SDR

Outlook

North Media narrows 2026 revenue guidance to DKK 1,267-1,320 mln from DKK 1,267-1,333 mln

Company lowers 2026 EBITDA forecast to DKK 133-161 mln from DKK 133-175 mln

North Media cuts 2026 EBIT outlook to DKK 75-103 mln from DKK 75-117 mln

Result Drivers

COST REDUCTIONS - Lower distribution and administration costs in FK Distribution supported improved operating profit in Last Mile, according to Group Executive Director Martin Frandsen Tobberup

BOLIGPORTAL WEAKNESS - BoligPortal's revenue and earnings were negatively affected by low supply and vacancy in the Danish rental market and new concepts not delivering as expected

COST OPTIMIZATION IN DIGITAL SERVICES - Dayli and Bekey saw improved earnings due to optimized operating and IT costs and Bekey's turnaround process

Company press release: ID:nGNE85N1gy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
DKK 293.70 mln
Q1 EBIT
DKK 4.30 mln
Q1 EBIT Margin
1.50%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)