North Media A/S

North Media reported second-quarter 2026 revenue of DKK 314.3 million, down from DKK 342.3 million a year earlier, as an expected volume decline in its distribution businesses weighed on results. EBITDA fell to DKK 27.1 million from DKK 48.4 million, and EBIT dropped to DKK 12.9 million from DKK 32.4 million, with the EBIT margin narrowing to 4.1% from 9.5%. Last Mile revenue declined to DKK 272 million from DKK 300 million, while Digital Services revenue was flat at DKK 42 million. The company now expects full-year 2026 revenue of DKK 1,258-1,294 million, EBITDA of DKK 122-142 million, and EBIT of DKK 64-84 million, including DKK 2 million in one-off costs related to an IT security incident at SDR.

North Media has revised its full-year 2026 financial guidance downward after preliminary second-quarter revenue fell 8% year-on-year to DKK 314 million. EBITDA dropped to DKK 27 million from DKK 48 million, while operating profit declined to DKK 13 million from DKK 32 million. The company now expects full-year revenue of DKK 1,248-1,285 million, EBITDA of DKK 122-142 million, and EBIT of DKK 64-84 million, down from previous guidance of DKK 1,267-1,320 million, DKK 133-161 million, and DKK 75-103 million respectively. The revision reflects slower implementation of new products in Last Mile, reduced market trends in Digital Services, the IT security incident in SDR, and several one-off costs, including DKK 2 million recognized for the second half of 2026. A minor acquisition of the BEAM software platform for grid balancing, expected to close on 1 September 2026, will reduce EBIT by about DKK 5 million.