Egmont saw revenue growth of 11% in 2022, while earnings were impacted by rising costs and a long-lasting dispute with TV distributors.Go to press release
2022 was a year of successful content and strong productions across the different businesses. Egmont’s revenue increased by EUR 230m to EUR 2.3bn.
“We stepped up investment in content and put out a number of financial and creative successes – thanks to the dedicated work of our employees,” says Egmont’s CEO, Steffen Kragh.
Earnings before tax amounted to EUR 67m against EUR 168m in 2021. There were three reasons for this, making 2022 a challenging year: soaring costs for the likes of energy, paper and printing; the loss of Premier League rights at TV 2 and protracted negotiations with two Norwegian TV distributors, which resulted in eight months of blackout in part of the Norwegian market; and a decline in demand in e-commerce in the wake of pandemic tailwind the previous years.
Earnings before tax (EBT)