North Media (One-pager): Expansion to Sweden via SDR Svensk Direktreklam acquisition
North Media recently published its full-year 2023 results. North Media took a significant step towards its Scandinavian ambitions with the acquisition of SDR Svensk Direktreklam in December 2023, Sweden’s largest distributor of unaddressed leaflets. The year saw revenues fall 4.6% with an EBIT margin compression of 3.3 percentage points against a backdrop of lower printed matter volumes, adversely affected by high paper prices in H1 2023, and consolidation among retailers. The company also outlined its greater international ambitions, pursuing a Scandinavian footprint in markets where attractive acquisitions with synergy potential can be found.
To learn more, watch the latest presentation of the 2023 annual results event hosted with North Media CEO Lasse Ingemann Brodt and CFO Kåre Stausø Wigh.
Link to event: https://www.inderes.dk/videos/north-media-praesentation-af-arsregnskabet-2023
Disclaimer: HC Andersen Capital receives payment from North Media for a digitalIR/Corporate visibility subscription agreement/ Philip Coombes 18:30 07.03.2024; updated 10:00 19.03.2024
North Media
North Media A/S provides platforms for connecting businesses with customers physically and digitally. It was listed on the OMX Nasdaq Copenhagen Stock Exchange in 1996. North Media’s ambition is to pay out stable, attractive dividends. North Media is organized into two business areas, Last Mile and Digital Services. The company is further split into its four business segments, reflecting the Group’s four companies: FK Distribution, BoligPortal, Ofir, and BeKey. Its market-leading company FK Distribution packs and distributes printed matter to households throughout Denmark and operates a digital coupon platform, “minetilbud”. BoligPortal matches landlords and tenants on Denmark’s leading home rentals platform and offers a range of subscription-based data solutions. Ofir connects employers and candidates on job platforms and social media, supported by a unique database. Bekey offers secure digital access solutions for home care services, distributors and property administrators.
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