Operating profit after result from associates
Egmont Publishing is behind a wide range of popular magazine titles and books in more than 30 countries, as well as leading e-commerce companies and marketing services agencies.
Revenue increased in 2019, driven by e-commerce and marketing services. Operating earnings also grew slightly despite substantial investment in areas such as e-commerce and restructuring costs in the publishing business.
Defying the structural decline in the market for printed weeklies and magazines, the publishing business reported strong profitability, including at Egmont Publishing’s international joint ventures.
Egmont Publishing has a portfolio of seven Nordic e-commerce companies – Jollyroom, Fjellsport, Outnorth, Bagaren och Kocken, Med24, Nicehair and Garnius – which saw substantial growth in 2019 and generated combined revenue of EUR 363m. Egmont Publishing is now the majority shareholder in Bagaren och Kocken, Fjellsport, Outnorth, Nicehair and Garnius.
The portfolio of seven Nordic marketing services agencies – Ingager, s360, Belong, Klintberg Niléhn, KAN, Sempro and MarkedsPartner – also posted strong revenue growth and earnings. Egmont Publishing is now the majority shareholder in Belong, Sempro, S360 and Ingager.