Polaris Media Reports Strong Growth and Strategic Dividend Proposal for 2024

Tip Ranks
2025.02.13 06:05
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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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The latest announcement is out from Polaris Media ASA ( (DE:93J) ).

Polaris Media ASA has reported a significant rise in their EBITDA to 66 million kroner in Q4 2024, driven by growth in digital user and advertising revenues and a surge in e-commerce package distribution. Despite challenges in advertising revenues, particularly in Sweden, the company has implemented cost-cutting measures and announced a proposed dividend of 1.1 billion kroner, reflecting its strategic investment decisions and operational efficiency improvements.

More about Polaris Media ASA

Polaris Media ASA is one of Scandinavia’s largest media house groups, engaging in the delivery of quality journalism through both digital and paper-based formats. The company focuses on increasing digital subscriptions and advertising revenues, while also expanding its e-commerce distribution services, particularly in Norway.

YTD Price Performance: 0.69%

Average Trading Volume: 39

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €359M

See more data about 93J stock on TipRanks’ Stock Analysis page.

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