Polaris Media Reports Strong Growth and Strategic Dividend Proposal for 2024
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Polaris Media ASA reported a significant EBITDA increase to 66 million kroner in Q4 2024, driven by growth in digital user and advertising revenues, alongside a rise in e-commerce distribution. Despite facing challenges in advertising, particularly in Sweden, the company has implemented cost-cutting measures and proposed a dividend of 1.1 billion kroner. Polaris Media ASA focuses on enhancing digital subscriptions and advertising while expanding e-commerce services in Norway. Current market cap stands at €359M with a consensus rating of Sell.
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