Teknisk og drift
Denne siden fornyes snart!
Today, Schibsted Media Group released its Q3 2017 report. Revenues grew 10 percent to NOK 4,161 million, whereas the EBITDA was NOK 783 million (572 million).
"We are happy to present a strong Q3 result for Schibsted, with an EBITDA increase of 37 percent. As earlier this year, the growth is a result of achievements in both Online classifieds, Publishing and Schibsted Growth," CEO Rolv Erik Ryssdal says.
"In Online classifieds, the third quarter was evidence of the strength of the online classifieds business model. With strong brands and market positions, the earnings power is significant. Going forward, we aim to continue the good development by taking further advantage of our competitive strengths - strong local presence leveraged by joint, scalable product and tech platforms," CEO Rolv Erik Ryssdal says.
"In Q3, we continued to see solid growth in the online classifieds verticals. This was driven by product innovations, price optimizations and good market conditions in most of our major operations. We have continued to decrease the Investment phase losses. This is a result of strong growth in monetization in emerging markets and very favorable operational metrics for Shpock, which has reduced the need for marketing investments," Ryssdal says.
"The publishing activities in Schibsted continue to deliver impressing results. For the first time in many years, they grew revenues compared to last year. We are successful in signing up digital subscribers, and are approaching a total of 600,000. Once again, VG is the star performer among our publishing operations, with a revenue growth of 7 percent and an EBITDA margin of 20 percent," Ryssdal says.
"I would also like to highlight the great development of Schibsted Growth, and in particular continued good growth for our personal finance business Lendo in Sweden. Revenue growth accelerated to 55 percent in Q3, and EBITDA margins exceeded 50 percent," Ryssdal says.
"In Q3 we announced an adjusted organizational structure, where Media and Marketplaces will be organized in two separate divisions. At the same time responsibility for most of our common product & tech initiatives will be moved much closer to the operations. This will help us gain even more speed of development and increasingly leverage our local competence and strong brands," CEO Rolv Erik Ryssdal says.
Highlights of Q3 2017(Online classifieds pro forma numbers include proportional consolidation of joint ventures and associates)
Schibsted invites to an analyst and press conference at Apotekergata 10, Oslo, 3 November 2017 at 09:00 CET. The presentation will be held in English and transmitted live as a video webcast on www.schibsted.com/ir. CEO Rolv Erik Ryssdal and EVP CFO Trond Berger will present at the analyst and press conference.
A conference call with Q&A linked to the Q3 2017 numbers will take place 3 November 2017 at 14:00 CET. Please dial in at the following numbers:
Norway: 800 51084UK: 0800 279 7204USA: 866-548-4713International: +44 (0)330 336 9411
Conference ID is 8576955. A recording of the conference call will be made available at www.schibsted.com/ir.
Contact persons:Trond Berger, CFO. Tel: +47 916 86 695Jo Christian Steigedal, Head of IR. Tel: +47 415 08 733
Welcome to Investor Seminar 14 NovemberPlease note that Schibsted will hold an investor seminar in Barcelona 14 November 2017 at 16:00. To sign up, click here: https://goo.gl/i8eh6w. For more information please visit: www.schibsted.com/investorday2017
Oslo, 3 November 2017SCHIBSTED ASA
Jo Christian SteigedalHead of IR
Nyheten er levert av GlobeNewswire.