Q3 revenues 1% below, EBIT DKK -2m vs. ABGSCe DKK +12m
North Media's pre-announced Q3 revenues of DKK 307m came in 1% below ABGSCe at DKK 311m, with the former equating to 38% y-o-y growth. Q3 EBIT of DKK -2m was a clear disappointment when compared to our DKK 12m estimate, driven both by higher costs and write-downs in SDR (no more information regarding the latter provided at this stage, but we suspect it may be another write-down of IT systems like it did in connection with Q1'24). This corresponds to a margin of -1% (down 14pp y-o-y). We await the full Q3 figures due to be announced later today.
Aktuellt
SENASTE
