North Media: Q4 investment return better than expected - ABG
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Q4: Headline figures pre-announced last week...
...but return of DKK 7m better than ABGSCe of DKK -23m
No signs of BeKey divestment, expect limited consensus revisions
DKK 7m Q4 return on portfolio better than ABGSC's DKK -23m
North Media released its '24 annual report, but Q4 headline figures (sales and EBIT) were already announced last week, i.e. no material surprises. However, the company saw a DKK 7m return on its investment portfolio in Q4, materially better than our estimate of DKK -23m (likely driven by undisclosed transactions during the quarter). It was already known that the BoD will propose to pay no dividends for '24.
...but return of DKK 7m better than ABGSCe of DKK -23m
No signs of BeKey divestment, expect limited consensus revisions
DKK 7m Q4 return on portfolio better than ABGSC's DKK -23m
North Media released its '24 annual report, but Q4 headline figures (sales and EBIT) were already announced last week, i.e. no material surprises. However, the company saw a DKK 7m return on its investment portfolio in Q4, materially better than our estimate of DKK -23m (likely driven by undisclosed transactions during the quarter). It was already known that the BoD will propose to pay no dividends for '24.