01/04/2003

Danish media group, Egmont, the owners of Nordisk Film, reported a 5 per cent increase in total revenues to Euros1.2b in 2002, with pre-tax profits amounting to Euros 39.1m, a Euros35.1m increase on 2001.

According the Egmont’s CEO, Steffen Kragh, these “satisfactory” results were achieved because the group focused strongly on improving its operating performance and profits while trying to solve a number of problem areas.
Egmont is Scandinavia’s biggest media group and is celebrating its 125th anniversary this year. The group has interests throughout Scandinavia in the film and TV industries, publishing of both books, magazines and electronic products, and the Internet. In August 2002 Egmont merged two of its sister film divisions, Egmont Entertainment and Nordisk Film, and the newly-formed division experienced a period of re-adjustment that resulted in a Euros1.3m loss in 2002 despite improved revenues (which rose from Euros398.6m in 2001 to Euros 432m in 2002).