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BRIEF-Schibsted maintains online classifieds goal, to focus on bolt-on acquisitions
November 14, 2017 / 2:39 PM / 10 days ago

BRIEF-Schibsted maintains online classifieds goal, to focus on bolt-on acquisitions

Nov 14 (Reuters) - Schibsted Asa

* ‍reiterates existing goal of 15-20 percent revenue growth in online classifieds portfolio medium to long term​

* ‍there will be focus on cash flow and profitability improvement​

* ‍schibsted’s portfolio of online classifieds companies in investment phase continues to develop well​

* ‍monetization is increasing rapidly in many markets, and losses have been reduced in 2017. In 2018, losses will be further reduced​

* ‍maintains ambition to engage in targeted m&a activities, and will continue to focus on value creative bolt-on acquisitions and in-market consolidation within online classifieds​

* ‍schibsted has initiated a strategic review of personal finance operations, including lendo​ Source text for Eikon: Further company coverage: (Reporting By Camilla Knudsen)

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