North Media A/S announced interim management statement results for the first quarter of 2016. For the quarter, the company reported revenue of DKK 216.3 million against DKK 250.5 million a year ago. Group LBIT before special items was DKK 9.9 million against DKK 11.6 million a year ago. EBITDA amounted to DKK 0.1 million against DKK 0.2 million a year ago. The revenue is a drop by DKK 34.2 million, or 14%, that has primarily been caused by FK Distribution's loss of Coop as a customer and the continued decline in prices in the market for distribution of unaddressed printed matter.

For full year of 2016, the company expects revenue to be in the range of DKK 865 million to DKK 915 million, LBIT before special items to be in the range of DKK 55 million to DKK 25 million.