English | 简体中文 | 繁體中文 | 한국어
Share:
Schibsted ASA (SCHA/SCHB) - Investor Seminar 2017

Schibsted hosts an investor seminar in Barcelona today 14 November 2017 at 16:00. The presentation material and more information about the event, including venues, is available on www.schibsted.com/ir. The presentation can be followed on live a webcast on the same URL from 16:00 on 14 November.

The Online classifieds operations of Schibsted is the main topic of the seminar, and Schibsted reiterates the existing goal of 15-20 percent revenue growth in the online classifieds portfolio medium to long term. There will be focus on cash flow and profitability improvement. A main goal for Schibsted is to deepen the roots in the real estate, car and jobs verticals, which is expected to contribute well to the revenue growth both in the well developed markets in Europe, like France, and in less developed markets, for example Brazil. As a global leader within online classifieds, Schibsted will continue to leverage scale by developing common components and converging platforms. This will enhance our competitive strengths.

Schibsted's portfolio of Online classifieds companies in Investment phase continues to develop well. Monetization is increasing rapidly in many markets, and the losses have been reduced in 2017. In 2018, the losses will be further reduced.

Schibsted maintains the 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's publishing operations have been at the forefront in developing successful digital products. The high level of innovation combined with focus on sustainable profitability will be maintained, leveraging the common media platform that is implemented in all operations. The Schibsted Growth portfolio enjoys high growth rates primarily driven by personal finance and price comparison services. Some of the concepts can be scaled outside of the Nordic markets. Schibsted has initiated a strategic review of the personal finance operations, including Lendo.

Contact persons:
Trond Berger, CFO. Tel: +47 916 86 695
Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733

Direct link to the presentation webcast: http://webtv.hegnar.no/presentation.php?webcastId=67475712

Oslo, 14 November 2017
SCHIBSTED ASA

Jo Christian Steigedal
Head of IR

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Schibsted via Globenewswire

Copyright © Thomson Reuters 2018. All rights reserved.
Press Releases
Basilea reports clinical phase 3 study start with antibiotic ceftobiprole in skin infections under BARDA contract  
Feb 23, 2018 07:15 ET
Heijmans annual results 2017: sound basis for continued recovery  
Feb 23, 2018 07:12 ET
SeaBird Exploration: Fourth quarter 2017 report  
Feb 23, 2018 07:00 ET
SIKA ACHIEVES RECORD RESULTS IN 2017  
Feb 23, 2018 05:00 ET
Galapagos delivered in 2017  
Feb 22, 2018 22:01 ET
JCPenney Launches Obsess, a Totally Fun, Totally Stylish Tween Brand  
Feb 22, 2018 01:33 ET
Lubrizol Expands Global Capabilities and TPU Capacity  
Feb 20, 2018 20:03 ET
INGREDION'S UNIQUE VALUE PROPOSITION - A WINNING RECIPE; EXECUTIVES WILL PRESENT AT CAGNY 2018 CONFERENCE  
Feb 20, 2018 19:03 ET
Enterprise CPaaS spend set to quadruple to $6.7bn by 2022, estimates Juniper Research  
Feb 20, 2018 18:03 ET
CLX Communications & DeviceRadio Partner to Simplify Production & Launch of IoT devices  
Feb 20, 2018 03:03 ET
More News >>
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: