Core Insights - North Media's Q3 2025 performance showed a slight decline in activity levels, with revenue decreases in both Last Mile and Digital Services, but operating profit growth in Digital Services due to reduced losses in Dayli and Bekey [1][2] Financial Performance - Q3 2025 revenue was DKK 286.4 million, down from DKK 299.4 million in Q3 2024, while year-to-date revenue decreased by 2% to DKK 939.2 million [2][6] - EBITDA for Q3 2025 was DKK 12.1 million compared to DKK 19.4 million in the previous year, with year-to-date EBITDA at DKK 71.1 million, down from DKK 120.9 million [2][6] - EBIT for Q3 2025 was -DKK 1.7 million, a decline from DKK 3.0 million in Q3 2024, with a year-to-date EBIT of DKK 29.3 million compared to DKK 59.2 million [2][7] - The EBIT margin for Q3 2025 was -0.6%, down from 1.0% in the previous year, while the year-to-date EBIT margin was 3.1%, down from 6.2% [2][7] Business Area Performance - Last Mile reported Q3 2025 revenue of DKK 247 million, a 4% decrease from Q3 2024, with some positive effects from repatriating invoicing from former franchisees [3] - Digital Services saw a 4% revenue decline to DKK 40 million, primarily due to lower advertising revenue in BoligPortal and a slight setback in Dayli, but EBITDA improved to a profit of DKK 3 million from a loss of DKK 3 million in the previous year [5][6] Operational Developments - The integration of SDR into North Media reached a significant milestone with the completion of automated packing for the Swedish market, expected to lead to long-term cost reductions [1] - The transition costs associated with the automated packing in Sweden impacted EBITDA, but Digital Services reported growth driven by performance improvements in Bekey [6] Guidance for 2025 - The company narrowed its full-year financial guidance for 2025, with expected revenue between DKK 1,270 million and DKK 1,305 million, EBITDA between DKK 105 million and DKK 126 million, and EBIT between DKK 50 million and DKK 70 million [8][13]

Core Insights - North Media Group's Q2 2025 operating profit exceeded expectations, driven by a positive shift in the business model for the Swedish distribution business SDR and the takeover of local sales from former franchisees [1] - The company has upgraded its full-year EBITDA and EBIT guidance following the better-than-expected performance [1] Financial Performance - Q2 2025 revenue was DKK 342.3 million, slightly down from DKK 343.1 million in Q2 2024, while year-to-date revenue decreased by 1.1% to DKK 652.8 million from DKK 662.0 million [1][4] - EBITDA for Q2 2025 was DKK 48.4 million, down 20% from DKK 60.6 million in Q2 2024, and year-to-date EBITDA fell by 42% to DKK 59 million from DKK 101.5 million [1][4] - EBIT for Q2 2025 was DKK 32.4 million, a decline from DKK 44.1 million in Q2 2024, with a year-to-date EBIT of DKK 31 million, down from DKK 56.2 million [1][4] - The EBIT margin for Q2 2025 was 9.5%, compared to 12.9% in Q2 2024, and the year-to-date EBIT margin was 4.7%, up from 8.5% [1][4] Business Segment Performance - In the Last Mile segment, revenue was DKK 300 million, slightly down from DKK 302 million in the previous year, with EBITDA falling by 25% to DKK 46 million due to increased costs and the transition to automated packing [2] - Digital Services saw a 2% revenue increase to DKK 42 million, with BoligPortal achieving a 7% growth rate, and EBITDA improved to DKK 2 million from breakeven in Q2 2024 [3] Guidance and Outlook - The company has upgraded its full-year guidance for 2025, expecting consolidated revenue in the range of DKK 1,270-1,315 million, EBITDA between DKK 105-130 million, and EBIT in the range of DKK 50-75 million [5]