Q4 2021 North Media A/S Earnings Call Transcript
Welcome to the North Media annual report 2021. Throughout the call, participants will be in listen-only mode, and afterwards there will be a question-and-answer session. I will now hand the call over to you the speaker. Please begin the meeting.
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Yes. Good afternoon, everyone, and thank you for tuning in. My name is KÃ¥re Wigh, and I'm the Group Executive Director and CFO. And with us today is also Henrick Lovig, Executive Director of Acquisitions and Business Developments.
I will kick off the presentation by looking at the big picture. So how did we progress with the strategy that we launched one year ago? Let's start with FK Distribution. We are on track with revenue margin-wise and the distribution volumes have stabilized as we expected, but cost will increase significantly in 2022. Most of it is external factors, but it will impact our earnings for the for the coming years. We'll need to handle that.
Point-of-sale started off in '21 with a setback in the
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