Hyldborg takes over as CEO of BoligPortal

12 Jan 2017

Danish real estate site Boligportal.dk has a new CEO in the person of Anders Hyldborg. He succeeded Henrik Løvig, who had served as CEO of BoligPortal since 2010.

Løvig will continue as a member of the executive board of owner company North Media, where he has held the position of head of online since last year.

Anders Hyldborg, new CEO of BoligPortal in Denmark (photo from his LinkedIn page with thanks)

Hyldborg (38) joined BoligPortal in 2015 from the classified site Gul og Gratis, owned by Jysk Fynske Medier, where he had been marketing director.

Boligportal.dk is one of three main sites run by North Media, the listed Danish media company. The others are the jobs site Ofir, and home-services site Handværker.dk.

BoligPortal is one of Denmark’s biggest sites for real estate and the biggest one for rented apartments. Boligportal had 30 employees and generated a profit before tax in FY2015 of DKK 10.4 million ($1.5 million U.S.) and DKK 16.5 million in FY2014.

In North Media’s Q3 report of FY2016, the company wrote North Media´s online revenue growth is underperforming, but the positive side is that BoligPortal returned to its path of growing revenue in Q3.

Otherwise the online activities of the Danish Media company is not living up to expectations. According to the Q3 report, the company expected a negative EBIT for all online activities of DKK 8 to 9 million in 2016.

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Lars Herlin

Lars Herlin is an AIM Group senior analyst for Europe, and our expert on Schibsted. He had a long career in journalism at Expressen, Svenska Dagbladet and VeckansAffärer, and served as managing editor and later managing director of Gotlands Allehanda.