2024 was an active year for financially oriented news media with major events on the global scene, in Norway and in the Group`s industry niches that stimulated interest in high quality news and commentary. The NHST Group achieved significantly improved financial results compared to 2023, EBITDA margin at 7.9 per cent vs 0.5 per cent for 2023.

User revenue growth continued in the media business, with a positive development for digital revenues which grew by 19.3 per cent compared to the year before.

Revenues from advertising and commercial services recovered in the second half year, after several years of negative development.

Cost control was exercised across the Group. The staffing level measured as full time equivalents was reduced from 574 in December 2023 to 480 in December 2024.

Steps were taken to wind down the engagement in the French subsidiary Mention Solutions SAS due to continued weak financial performance.