Pre-announced Q4 revenues roughly in line, EBIT 6% below
North Media had pre-announced headline figures. Q4 group revenues were 1% below ABGSCe, declining 4% y-o-y. Group EBIT came in 6% short of ABGSCe, driven by significantly higher unallocated costs (in connection with the SDR acquisition). North Media thus reached its FY'23 guidance, seeing revenues declining ~5% y-o-y in '23 with an EBIT margin of ~16% (down ~3pp vs. '22).
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