27 September 2017
Company announcement no 08-17
As published in Company announcement no 06-17, the Group expects earnings to improve considerably in 2018. This announcement is supported by the contract that FK Distribution has signed today with Coop.
FK Distribution has entered into a contract with Coop to distribute supermarket leaflets for Kvickly, SuperBrugsen, Dagli’Brugsen, Irma and Fakta. The contract is effective from 1 January 2018 and is for the years 2018 and 2019.
”We are pleased with the confidence that Coop and our other new customers have shown us recently. Right now, we are expanding and rearranging our production facilities to handle the new customers and look forward to having a good business relationship with them next year,” says Mads Dahl Andersen, Chief Executive Officer of FK Distribution.
For 2017, North Media A/S still expects group revenue to be between DKK 860 million and DKK 890 million, and EBIT before special items to range between a negative DKK 20 million and DKK 0.
North Media A/S’ expectations of considerably improved earnings in 2018 are based on the anticipation that volumes and prices will increase.
For more information, please contact Mads Dahl Andersen, Chief Executive Officer of FK Distribution, at +45 20 42 09 85.
Yours faithfully
North Media A/S
Kåre Wigh
Group Executive Director & CFO