Q4 sales 7% below, DKK 155m impairment in SDR
North Media pre-announced Q4 headline figures ahead of the full release (which has now been postponed to 14 March). Q4 sales came in at DKK 316m, 7% below ABGSCe, equating to 27% y-o-y growth (note that SDR was consolidated from Q1'24, however). Q4 EBIT of DKK -125m, however, is driven by a significant DKK 155m impairment in SDR (non-cash) amid lower-than-assumed volumes and much higher costs in '25e. Adjusted for this, Q4 EBIT came in above ABGSCe of DKK 19m. The BoD has decided not to propose any dividends for '24e.
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