13.03.2008

Egmont in top form

In 2007 the media group Egmont generated 21% growth and record revenue of EUR 1,492 million. The profit before net financials, depreciation and amortization (EBITDA) rose by 37% to EUR 119 million, another record. Profit before tax was EUR 65 million, up 22% on 2006.

All of Egmont’s business divisions made a positive contribution to the net profit for the year, with Nordisk Film and the books division improving their results. Kids & Teens and International performed on a par with 2006. The magazine division realized a high profit, although lower than in 2006 due to investments in Internet activities.

The year’s highlights include the establishment of Norway’s largest book publisher, Cappelen Damm and the integration of Bonnier Forlagene in Egmont’s publishing house Lindhardt og Ringhof, which also comprises Aschehoug and Alinea. Nordisk Film became co-owner of several film companies while Egmont’s Nordic magazine business gained market shares despite keen competition. Egmont’s Nordic children’s and youth media business increased its market share. TV 2 Norway launched new TV channels and invested in the Norwegian digital terrestrial network through its co-ownership of RiksTV. Outside the Nordic region Poland’s and Russia’s significant expansion in particular brought higher revenue. Activities have also been initiated in the Ukraine and the USA.

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