North Media: Publishes preliminary Q2 2026 figures and downgrades guidance for full-year 2026

NORTHMAnalyst Comment18.08.2026, 11.07

Rasmus KøjborgHead of Research, Stables

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Summary

North Media has revised its 2026 guidance downward, citing preliminary Q2 2026 figures, with revenue at DKK 314 million, an 8% decrease from the previous year.
EBITDA and EBIT for Q2 2026 were DKK 27 million and DKK 13 million, respectively, both significantly lower than the same period last year.
The company attributes the guidance downgrade to slower product implementation in Last Mile, weaker market conditions in Digital Services, an IT security incident, and one-off costs.
Anders Hyldborg has resigned as CEO of BoligPortal, with Martin Frandsen Tobberup stepping in as interim CEO while a permanent replacement is sought.

This content is generated by AI. You can give feedback on it in the Inderes forum.

Automatic translation: Originally published in undefined 18/08/2026, 09:07 GMT. Give feedback here.

North Media announced this morning a downward revision of its 2026 guidance based on preliminary figures for Q2 2026.

Revenue for the quarter amounted to DKK 314 million, corresponding to an 8% decrease vs. DKK 342 million in the same period last year, driven by an expected decline in the volume of printed matter and newspapers in Last Mile, according to the company.

EBITDA amounted to DKK 27 million vs. DKK 48 million last year, while EBIT landed at DKK 13 million compared to DKK 32 million in the same quarter last year.

North Media is downgrading its revenue guidance for 2026 and now expects a level of DKK 1,248-1,285 million (previously DKK 1,267-1,320 million). At the same time, the guidance for EBITDA and EBIT is being downgraded, now expected to be DKK 122-142 million (from DKK 133-161 million) and DKK 64-84 million (from DKK 75-103 million), respectively.

The downward revision is due to a slower implementation rate for new products in Last Mile, weaker market conditions in Digital Services, the IT security incident at SDR (see investor news of July 4 and 15, 2026), and a number of one-off costs. Based on the preliminary overview of the IT security incident, the company has recognized one-off costs of DKK 2 million in the second half of 2026. In addition, a minor acquisition of the BEAM software platform for grid balancing, which will be taken over on September 1, 2026, will decrease EBIT by approximately DKK 5 million.

North Media also announced today that Anders Hyldborg has decided to resign as CEO of BoligPortal after 11 years with the company, 9 of which as CEO. Martin Frandsen Tobberup, Group Executive Director and Chief Digital Officer at North Media, will assume the position of interim CEO at BoligPortal on September 4, 2026, while the board has initiated a recruitment process for a permanent CEO. BoligPortal is North Media's largest company within Digital Services.

You can find both announcements from North Media here: https://www.northmedia.dk/investorer/selskabsmeddelelser/

North Media is expected to release its finally Q2 report on Thursday, August 20, and the following day – Friday, August 21 at 2:00 PM – North Media will host a presentation of the report, where management will review the figures and answer questions from investors. You can sign up here: https://www.inderes.dk/videos/north-media-praesentation-af-regnskabet-for-2-kvartal-2026

Disclaimer: HC Andersen Capital receives payment from North Media for a Digital IR subscription agreement. /Rasmus Køjborg, CFA at 11:05 AM on August 18, 2026.

North Media A/S develops and operates platforms for transactions that bring businesses and consumers together. The platforms help customers find the right products, whether they are looking for groceries, rental housing or digital access management solutions. North Media is a market leader and has been listed on OMX Nasdaq Copenhagen since 1996. North Media’s focus is long-term value creation and stable return on capital and has a policy to pay out dividend based on the financial performance. North Media is organised into two business areas: 1) Last Mile comprises FK Distribution and SDR Svensk Direktreklam and both companies are among the leading distributors of leaflets and local newspapers in Denmark and Sweden, respectively. Last Mile is a mature business area with solid earnings and cash flows. 2) Digital Services consists of BoligPortal, Dayli and Bekey, all with the potential for growth, rising profitability, and scalability. BoligPortal is Denmark’s leading home rental platform, offering services to both landlords and tenants. Dayli (MineTilbud) is a leading digital offer platform. Bekey provides digital access solutions for secured stairwells and private homes for the use of homecare services and companies delivering parcels, groceries, meal services, etc. North Media has a strong focus on sustainability and ESG reporting, including the group’s impact, risks and opportunities within climate, environment, social matters and governance. North Media is committed to the Science Based Target initiative with the aim to reduce total CO2 emissions by 50% nominally by 2030 compared to 2018, and to achieve net-zero emissions by 2050.

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North Media: Publishes preliminary Q2 2026 figures and downgrades guidance for full-year 2026

NORTHMAnalyst Comment18.08.2026, 11.07

Rasmus KøjborgHead of Research, Stables

Discuss

Summary

North Media has revised its 2026 guidance downward, citing preliminary Q2 2026 figures, with revenue at DKK 314 million, an 8% decrease from the previous year.
EBITDA and EBIT for Q2 2026 were DKK 27 million and DKK 13 million, respectively, both significantly lower than the same period last year.
The company attributes the guidance downgrade to slower product implementation in Last Mile, weaker market conditions in Digital Services, an IT security incident, and one-off costs.
Anders Hyldborg has resigned as CEO of BoligPortal, with Martin Frandsen Tobberup stepping in as interim CEO while a permanent replacement is sought.

This content is generated by AI. You can give feedback on it in the Inderes forum.

Automatic translation: Originally published in undefined 18/08/2026, 09:07 GMT. Give feedback here.

North Media announced this morning a downward revision of its 2026 guidance based on preliminary figures for Q2 2026.

EBITDA amounted to DKK 27 million vs. DKK 48 million last year, while EBIT landed at DKK 13 million compared to DKK 32 million in the same quarter last year.

You can find both announcements from North Media here: https://www.northmedia.dk/investorer/selskabsmeddelelser/

Disclaimer: HC Andersen Capital receives payment from North Media for a Digital IR subscription agreement. /Rasmus Køjborg, CFA at 11:05 AM on August 18, 2026.