Q1 2025: Performance in line with financial guidance

Core Insights - North Media Group's Q1 2025 performance met expectations, with FK Distribution experiencing a decline in printed matter volumes and ongoing automation in packing for Sweden [1] - BoligPortal in Digital Services showed a positive trend with a 10% revenue growth, while overall EBITDA remained stable [1] Financial Performance - Q1 2025 revenue was DKK 310.5 million, down from DKK 318.9 million in Q1 2024 [1] - EBITDA decreased to DKK 10.6 million from DKK 40.9 million year-over-year [1] - EBIT fell to -DKK 1.4 million, resulting in an EBIT margin of -0.5%, compared to 3.8% in Q1 2024 [1] - Cash flows from operating activities were -DKK 23.0 million, a decline from -DKK 3.5 million in the previous year [1] - Free cash flows also worsened to -DKK 35.4 million from -DKK 3.3 million [1] Business Area Performance - Last Mile revenue was DKK 267 million, a 3% decrease, impacted by a customer discontinuing printed matter and late Easter [2] - EBITDA for Last Mile dropped by 70% to DKK 12 million, influenced by lower revenue and increased payroll costs [2] - EBIT for Last Mile fell to DKK 3 million, with an EBIT margin of 1% [2] Digital Services Performance - Digital Services revenue grew by 3% to DKK 44 million, driven by BoligPortal's 10% growth [3] - BoligPortal's growth was supported by partnerships and DataInsights [3] - EBITDA improved by DKK 1 million to DKK 2 million, mainly due to reduced losses in Bekey [3] Financial Guidance - The full-year financial guidance for 2025 remains unchanged, with revenue expected between DKK 1,280 million and DKK 1,337 million, EBITDA between DKK 80 million and DKK 115 million, and EBIT between DKK 25 million and DKK 60 million [4]