Announcement no. 15-2021
26 March 2021
The once-a-year basic conference was performed in accordance with the announced agenda.
The management report was offered and the once-a-year report for 2020 was adopted.
In his report, the Chairman of the Board of Administrators famous that the Company experienced obtained the greatest operating income (EBIT) in its 56-calendar year record in 2020.
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Revenue was unchanged at DKK 1,045 million, as double-digit development costs in North Media On the net and Bekey offset the slight fall in FK Distribution’s revenue, which had been predicted.
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EBIT prior to distinctive goods amounted to DKK 240 million, a DKK 74 million boost on 2019. The Enterprise taken care of its constant aim on earnings and optimisation, and all providers improved their performance.
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Net earnings was up by 49% to DKK 307 million, which incorporated a return on securities of DKK 155 million.
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The funds resources were being strengthened, in element because of to money flows from functioning functions of DKK 219 million.
The Chairman reviewed the new technique, beneath which North Media will be divided into two small business spots. The Past Mile organization spot is made up of FK Distribution, a robust and very well-operate value business with appealing and moderately predictable earnings. The Digital Companies business space at present is composed of the advancement businesses BoligPortal, Ofir and Bekey, which are predicted to increase at a price of about 20% every year in 2022–2023, when improving their earnings and accomplishing EBIT margins of 25% in 2023. North Media has allocated up to DKK 200 million for buying meticulously selected organizations, predominantly for Electronic Companies, intended to accelerate price creation.
The Board of Directors’ ambition, supplied the advancement and earnings targets are reached, is to suggest dividends of DKK 5 per share for every single of the 2021, 2022 and 2023 economic decades.
The shareholders voted to undertake a resolution to discharge the customers of the Board of Directors and the Govt Board from legal responsibility and approved the Board’s advice for a dividend of DKK 5 for every share in regard of the 2020 monetary year.
The shareholders adopted the remuneration report presented at the normal assembly.
The Board of Directors’ authorisations to improve the share cash just one or various moments by up to DKK 25,000,000.00 was prolonged to 25 March 2026, and the Article content of Association had been amended appropriately. The proposed amendment to delete the product on the agenda relating to discharging the associates of the Board of Directors and the Executive Board from legal responsibility was adopted by the shareholders.
All incumbent Board customers have been re-elected: Mads Dahl Møberg Andersen, Richard Bunck, Ulrik Holsted-Sandgreen, Thomas Weikop, Ulrik Falkner Thagesen and Ole Borch. In addition, Ann-Sofie Østberg Bjergby was elected to the Board of Administrators.
PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-appointed as the Company’s auditors as proposed by the Board of Administrators.
Straight away subsequent the typical assembly, Ole Borch was elected Chairman and Richard Bunck was elected Vice-Chairman of the Board of Directors.
Additional info is obtainable from the Chairman of the Board, Ole Borch, who can be reached on tel. +45 2518 3555.
On behalf of
North Media A/S
Ole Borch
Chairman
