Denmark's North Media Q2 revenue, EBIT drop on lower distribution volumes
Denmark's North Media Q2 revenue, EBIT drop on lower distribution volumes
Overview
Denmark platform operator's Q2 revenue fell 8% yr/yr on lower distribution volumes
Q2 EBIT dropped 60% yr/yr as margin narrowed to 4.1%
Company cut losses in Dayli and Bekey, saw growth in selected mail
Outlook
North Media now sees 2026 revenue at DKK 1,258-1,294 mln
Company expects 2026 EBITDA of DKK 122-142 mln and EBIT of DKK 64-84 mln
North Media recognized DKK 2 mln in one-off costs for H2 2026 due to IT security incident
Result Drivers
VOLUME DECLINE - Co said expected drop in distribution volumes drove lower revenue in Last Mile segment
SELECTED MAIL GROWTH - Co said growth in selected mail was driven by new customers after PostNord stopped distributing magazines and direct mail
REDUCED LOSSES - Co said operational improvements led to reduced losses in Dayli and Bekey
Company press release: ID:nGNE65cvdb
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| DKK 314.3 mln |
|
Q2 EBIT |
| DKK 12.9 mln |
|
Q2 EBIT Margin |
| 4.1% |
|
Reuters Recommended Reads
Aug 20 - Germany's Platform Group H1 revenue rises 22.7% on organic growth, confirms 2026 outlook
Aug 19 - Denmark's Rockwool Q2 revenue rises on volume growth; lifts 2026 outlook
Aug 20 - Denmark's TCM Group Q2 revenue rises on B2C strength; keeps outlook
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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.)