Key figures 2016
|Revenue: EUR 529 (594) million.
||Operating profit: EUR 40 (36) million.
In 2016, Egmont Publishing achieved growth in profit, in particular due to strong performance in Norway and Sweden. The Russian and Czech operations and parts of the German operation were sold during the year, which impacted total revenue. The sale of the Russian operation was due to changes in Russian legislation preventing foreign media companies from holding more than 20% of Russian media companies.
Egmont Publishing further developed its subscription models, including the digital magazine service Flipp, and had a total of 1.3m subscribers.
The company is heavily involved in e-commerce and holds interests in seven Nordic e-commerce companies. The aim is for the individual companies to be Nordic market leaders in their niches. Egmont Publishing bought into the Swedish company Outnorth and the Danish company Nicehair during the year.
Egmont Publishing has also built up a strong portfolio of holdings in six Nordic companies in digital marketing services.