North Media (One-pager): SDR write downs halt dividend as integration continues
Read the latest North Media One-pager, which includes a brief description of North Media, an update on the company's development in FY2024, the latest financials, valuation perspectives relative to a peer group, and several key investment risks and key investment reasons.
While cash flows from FK Distribution remained strong in 2024, overall it was a challenging year with a DKK 155m SDR write-down, Bekey losses, a halted dividend, and the Ofir sale (DKK 20m). Guidance for 2025 suggests it will also be somewhat of a turnaround year as North Media aims to further automate SDR aiming for a positive EBIT in the acquired business unit from 2026 onwards. However, North Media still trades at a very low valuation with cash and securities roughly in line with the market capitalization.
To learn more about North Media, its performance in 2024, and the outlook for 2025 and beyond, catch up on the latest FY2024 presentation with North Media CEO Lasse Brodt and Group CDO Martin Tobberup. Link: https://www.inderes.dk/videos/north-media-praesentation-af-arsregnskabet-2024
Disclaimer: HC Andersen Capital receives payment from North Media for a DigitalIR/corporate visibility subscription agreement. / Philip Coombes 14:08 18.03.2025
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North Media
North Media är en mediekoncern. Inom koncernen bedrivs huvudsakligen verksamhet för digitala produkter och tjänster, samt investeringar i värdepapper. En stor del av medieinnehållet är inriktat mot hushållstidningar. Utöver tryckta tidningar levereras även information via internet samt via egenutvecklade elektroniska system. Bolaget grundades 1995 och har sitt huvudkontor i Söborg, Danmark.
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