Nasdaq CopenhagenIFRS · EUR

EGMONT FONDEN

EGMONT FONDEN is a Danish foundation with ownership interests in media and content-related businesses, reflecting the Egmont group’s long-standing structure as a foundation-controlled enterprise. Its activities are centered in Denmark and other Nordic markets through businesses that create, publish, and distribute media content.

Revenue2,198m EUR
−3.5 %y/y
Operating profit (EBIT)140m EUR
+37.6 %y/y
EBIT margin6.4%
+1.9 ppy/y
Net income96.2m EUR
+43.6 %y/y
Free cash flow216m EUR
+27.5 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

05001,0001,5002,0002,500m EUR2022: 2,303 m EUR2022: EBIT 81 m EUR20222023: 2,377 m EUR2023: EBIT 84 m EUR20232024: 2,278 m EUR2024: EBIT 102 m EUR20242025: 2,198 m EUR2025: EBIT 140 m EUR20252,198140
RevenueOperating profit (EBIT)

Business

Share of revenue
Publishing and Media Content70 %

Printed and digital publishing activities, including magazines, books, and related editorial content.

Digital Media Platforms20 %

Online content and audience-facing media services delivered through digital channels.

Foundation and Ownership Activities10 %

Foundation-level ownership, governance, and stewardship of group companies and assets.

Customers

Egmont’s customers are readers, consumers, and audiences who buy or access content through magazines, books, and digital channels. Its business also serves advertisers, distributors, and commercial partners that support publishing and media monetization. As a foundation-owned group, it also has a stakeholder role in the businesses it controls and supports.

Consumer readers

Buy or access magazines, books, and editorial content for entertainment and information.

Digital audiences

Use online media and content platforms, supporting readership migration to digital formats.

Advertisers

Purchase audience reach and engagement across print and digital media properties.

Distribution partners

Retailers and wholesalers that sell or distribute print publications and media products.

Strategy

Egmont’s strategic position is built around controlled ownership of content businesses and long-term stewardship rather than short-term trading. Its priorities typically center on strengthening content brands, adapting publishing models to digital consumption, and preserving value across the group’s media portfolio.

Digital transition in mediaMedium term

Audience habits are moving from print to online and mobile channels, so digital capabilities protect reach and relevance.

Brand and content strengthMedium term

Strong editorial brands support readership, advertising demand, and pricing power in fragmented media markets.

Long-term ownership stewardshipLong term

Foundation control supports patient capital allocation and continuity across operating subsidiaries.

Geography

Egmont Fonden is based in Denmark, with its business rooted in the Nordic media market. Its operating footprint is typically concentrated in Denmark and neighboring Nordic countries, where language, publishing rights, and distribution networks shape demand. Geography matters because media consumption, advertising markets, and print logistics are often organized nationally or regionally.

Risks

Egmont’s main risks come from the structural decline of print media, shifting consumer attention to digital channels, and dependence on advertising and content monetization. As a Nordic-focused media owner, it is also exposed to small-market concentration, changes in distribution economics, and the need to keep content investments aligned with audience demand.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Print media decline1Geographic concentration2Advertising cyclicality3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Print media declineImpact: HighLikelihood: High

    Consumer migration to digital formats reduces demand for printed publications and can weaken legacy revenue streams.

    Exposure: Publishing operations

  2. Geographic concentrationImpact: MediumLikelihood: High

    A Nordic-centric business is sensitive to local language markets, regulation, and economic conditions.

    Exposure: Denmark and Nordics

  3. Advertising cyclicalityImpact: MediumLikelihood: Medium

    Advertisers can reduce spend quickly in weaker economic conditions, affecting media monetization.

    Exposure: Media and content businesses

Accounting

Judgemental items
IFRS 16 lease accounting

Lease liability remeasurement and reclassification can change reported debt-like obligations and balance sheet totals.

Impact: Affects liabilities and operating lease presentation

Goodwill and intangible impairment

Media brands and acquired publishing assets depend on audience demand and may require impairment if performance weakens.

Impact: Can materially affect earnings and equity

Consolidation judgments

Foundation-controlled ownership structures require careful assessment of control and consolidation boundaries.

Impact: Determines which businesses are included in the group accounts

Publicly listed companies with a comparable business focus.

Last updated: 24/10/2026