North Media: Q2 figures better, but downgrades guidance - ABG
Q2: Revenues 5% above, EBIT of DKK 41m vs. ABGSCe 30m
Cutting EBIT guidance on new investments in SDR and Minetilbud
Consensus to lower '24-'25 EBIT by 20-15%
Revenues 5% above, EBIT of DKK 41m vs. ABGSCe DKK 30m
North Media pre-announced Q2 headline figures ahead of the full release due tomorrow, Thursday 15 August. Q2 revenues came in at DKK 351m, 5% above ABGSCe, with the former equating to 47% y-o-y growth (note that SDR was consolidated from Q1'24, however). Q2 EBIT of DKK 41m, equating to a margin of 11.7% (down 4pp y-o-y), came in above our estimate of DKK 30m.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/north-media/Equity-research/2024/8/north-media---q2-figures-better-but-downgrades-guidance/