North Media A/S Reports Unaudited Consolidated Earnings Results for the Year Ended 31 December 2015; Provides Earnings Guidance for the Year 2016
The company provided earnings guidance for the year 2016. For the year, the group's revenue is expected to range from DKK 880 million to DKK 930 million in 2016 compared to DKK 1,012 million in 2015. The decline in revenue has a major impact on EBIT. Group EBIT before special items is expected to go down from a negative DKK 0.7 million in 2015 to range between a negative DKK 20 million and a negative DKK 50 million in 2016. Amortization and depreciation are expected to stand at approximately DKK 37 million. Group EBITDA is therefore expected to range from a negative DKK 13 million to a positive DKK 17 million.