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Schibsted ASA (SBSTA.OL)

SBSTA.OL on Oslo Stock Exchange

282.20NOK
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Latest Key Developments (Source: Significant Developments)

Schibsted Q3 EBITDA beats forecast, says MPI unit to list in Oslo
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Schibsted ASA ::Q3 REVENUES NOK 4,358 MILLION (REUTERS POLL NOK 4.45 BILLION).Q3 EBITDA NOK 865 MILLION (REUTERS POLL NOK 831 MILLION).Q3 EBITDA EX INVESTMENT PHASE NOK 972 MILLION.Q3 PRETAX RESULT NOK 652 MILLION (REUTERS POLL NOK 652 MILLION).SCHIBSTED KEEPS GUIDANCE OF 15-20 PERCENT REVENUE GROWTH IN ONLINE CLASSIFIEDS FOR MID TO LONG TERM.RAISES PUBLISHING EBITDA FORECAST TO NOK 600-650 MILLION.PLAN IS FIRST DAY OF TRADING FOR MPI IN APRIL 2019, AND WE HAVE DECIDED TO APPLY FOR LISTING OF MPI AT OSLO STOCK EXCHANGE.BRAZIL IS ALREADY PRODUCING GOOD MARGINS. SHPOCK ENTERS A NEW PHASE WITH EMPHASIZED FOCUS ON A PATH TO PROFITABILITY, MOVING TOWARDS BREAK-EVEN DURING 2019.NOW SEES 2018 CAPEX SLIGHTLY REDUCED FROM 2017 VERSUS PREVIOUSLY "UNCHANGED OR SLIGHTLY REDUCED".NOW SEES 2018 HQ/OTHER EBITDA LOSSES SLIGHTLY REDUCED FROM 2017 VERSUS PREVIOUSLY "UNCHANGED OR SLIGHTLY REDUCED".SCHIBSTED NARROWS RANGE OF 2018 ONLINE CLASSIFIEDS INVESTMENT PHASE LOSS TO EUR 40-45 MILLION FROM EUR 40-50 MILLION.ALTHOUGH THE REVENUE GROWTH OF LENDO WAS SOMEWHAT LOWER IN Q3 THAN IN PREVIOUS FEW QUARTERS, SCHIBSTED SEES PERSONAL FINANCE AND FINTECH AS AN EXCITING AREA OF GROWTH.LENDO CURRENTLY IS THE MOST IMPORTANT INITIATIVE IN THIS FIELD, BUT WE HAVE SEVERAL OTHER EXCITING INITIATIVES WITH PROMISING DEVELOPMENT.  Full Article

Schibsted CEO: Expects Lendo decision in Q3, looking at more M&A
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Schibsted ASA ::SCHIBSTED CEO ROLV ERIK RYSSDAL SAYS STRATEGIC REVIEW REGARDING PERSONAL FINANCE FIRM LENDO WILL BE ANNOUNCED DURING Q3.SCHIBSTED CEO: WE ARE SATISFIED WITH THE ACQUISITIONS WE HAVE DONE THE LAST YEARS, WE ARE LOOKING TO DO MORE OF THOSE ACQUISITIONS AND WE ARE IN THE FINANCIAL POSITION TO DO THAT.THE CEO GAVE THE COMMENTS ON THE Q2 EARNINGS PRESENTATION ON TUESDAY .  Full Article

Media group Schibsted offers B-shares to finance M&A in online classifieds
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - SCHIBSTED ASA ::REG-SCHIBSTED ASA (SCHA/SCHB) - SCHIBSTED ANNOUNCES OFFERING OF B-SHARES.‍SCHIBSTED ASA ("SCHIBSTED" OR " COMPANY") ANNOUNCES AN OFFERING OF UP TO 11,880,397 B-SHARES, EQUAL TO 5.2% OF EXISTING SHARE CAPITAL OF COMPANY ( "OFFERING") OR 10% OF EXISTING OUTSTANDING B-SHARES.​.‍NET PROCEEDS FROM OFFERING WILL BE USED TO STRENGTHEN COMPANY'S CAPITAL BASE AND TO FINANCE STRATEGIC ACQUISITION ACTIVITIES, ESPECIALLY WITHIN ONLINE CLASSIFIEDS SEGMENT, WHERE COMPANY SEES OPPORTUNITIES TO DO VALUE ACCRETIVE IN-MARKET CONSOLIDATION AND BOLT-ON ACQUISITIONS​.‍COMPANY'S OVERALL STRATEGY REMAINS FIRM: TO CONTINUE TO BUILD ONLINE CLASSIFIEDS TRAFFIC AND BRAND LEADERSHIP POSITIONS AND TO DEEPEN FOOTPRINT IN REAL ESTATE, CAR AND JOBS VERTICALS​.‍SCHIBSTED HAS RETAINED ARCTIC SECURITIES, DNB MARKETS AND GOLDMAN SACHS INTERNATIONAL AS JOINT BOOKRUNNERS IN CONNECTION WITH OFFERING (JOINTLY "MANAGERS").​.‍BOOK-BUILDING PERIOD WILL COMMENCE IMMEDIATELY AND IS EXPECTED TO CLOSE ON 21 NOVEMBER 2017 WITH SETTLEMENT EXPECTED TO OCCUR ON OR AROUND 24 NOVEMBER 2017.​.‍MINIMUM APPLICATION AND ALLOCATION OF SHARES PER INVESTOR IN OFFERING WILL BE A NOK AMOUNT EQUIVALENT TO EUR 100,000,​.‍SCHIBSTED HAS AGREED NOT TO UNDERTAKE A FURTHER ISSUE OR SALE OF B-SHARES OR SECURITIES CONVERTIBLE INTO SUCH SHARES FOR A PERIOD OF 90 DAYS FOLLOWING SETTLEMENT OF OFFERING WITH MANAGERS​.  Full Article

Schibsted says hasn't seen any strong effects from Facebook's competition
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Schibsted SBSTa.OL::Norway's Schibsted has not seen any strong effects from Facebook competition in online classified ads business, Sondre Gravir, EVP Europe, Established Sites, told and investor conference in Barcelona on Tuesday.Gravir said competition was increasing but Schibsted had a strong market position."We have the domain expertise on market places and we are also making new launches (like Facebook)," he added.  Full Article

Schibsted maintains online classifieds goal, to focus on bolt-on acquisitions
Tuesday, 14 Nov 2017 

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​.  Full Article

ex-editor of Schibsted tabloid VG sells Schibsted shares​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - SCHIBSTED ASA :‍TORRY PEDERSEN, PRIMARY INSIDER IN SCHIBSTED ASA, SOLD ON 3 NOVEMBER 2017 1,000 A-SHARES IN SCHIBSTED ASA AT A PRICE OF NOK 251.30 PER SHARE AND 2,000 B-SHARES IN SCHIBSTED ASA AT A PRICE OF NOK 231.00 PER SHARE.​.‍AFTER TRANSACTION, PEDERSEN AND CLOSE ASSOCIATES HOLDS 8,886 A-SHARES AND 9,936 B-SHARES IN SCHIBSTED ASA.​.  Full Article

Schibsted Q3 results above forecast, sees lower investments ahead
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Schibsted Asa :Schibsted q3 revenues nok ‍4,161​ million (Reuters poll nok 4.02 billion) vs NOK 3,798 mln in Q3 2016.Schibsted q3 ebitda nok ‍783​ million (Reuters poll nok 640 million) vs NOK 572 mln in q3 2016.Schibsted q3 ebitda ex investment phase nok ‍903​ million (Reuters poll nok 793 million) vs NOK 756 mln in q3 2016 .Schibsted q3 pretax result nok ‍​ 779 million (Reuters poll nok 458 million).‍going forward, we aim to continue good development by taking further advantage of our competitive strengths - strong local presence leveraged by joint, scalable product and tech platforms​.‍tight cost control and digital product innovation leads to improved ebitda margins in publishing activities.Schibsted keeps guidance of 15-20 percent revenue growth in online classifieds for mid to long term.Based on the traffic leadership and the strength of the Leboncoin brand, there is room for increased market shares in verticals such as real estate, cars and jobs‍​.Schibsted: in Spain we still expect a competitive environment in real estate and a sluggish development for display advertising, cars and jobs are positive.Schibsted: full year investments are expected to go down versus 2016, though seasonal effects may lead to a higher investment level in q4 2017 compared to q3 2017.Schibsted: in 2018, we plan for further reductions of online classifieds investment phase losses.  Full Article

Schibsted picks Oslo listing for fast-growing online ads unit

OSLO, Oct 26 The planned listing of media group Schibsted's international ads business will take place in Oslo, the company said on Friday, yielding to pressure from Norwegian shareholders who feared losing out from a potential foreign listing.