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Schibsted ASA (SBSTB.OL)

SBSTB.OL on Oslo Stock Exchange

271.50NOK
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Schibsted CEO: Expects Lendo decision in Q3, looking at more M&A
Tuesday, 17 Jul 2018 02:35am EDT 

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 10:46am EST 

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 11:04am EST 

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 09:30am EST 

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 11:40am EDT 

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 02:24am EDT 

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

BRIEF-Norway's Schibsted Q3 earnings beats forecast
Friday, 4 Nov 2016 04:12am EDT 

Schibsted : Q3 EBITDA ex-investment phase NOK 756 million (Reuters poll 683 million), up 13 pct vs Q3 2015 . Schibsted Q3 revenues NOK 3,798 million (Reuters poll NOK 3.80 billion) vs NOK 3,673 mln in Q3 2015 . Q3 pretax result NOK 392 million (Reuters poll NOK 316 million) vs NOK 965 mln in Q3 2015 . Says "Schibsted reported its highest ever gross operating profit number for a third quarter. This was a result of continuing revenue growth and improved profitability margins in the online classifieds operations as well as online growth and significant cost reductions in the media houses" . Keeps guidance of 15-20 percent revenue growth in online classifieds for mid to long term . says in Spain, revenue growth is expected to reaccelerate in 2017 as a result of product enhancements and better market conditions . Investments in online classifieds in full year 2016 are expected to be in the range EUR 90-95 million (compared to EUR 95.6 million in 2015). . Says in 2017, the investments in online classifieds are expected to go significantly down. . Says our newspapers in Norway and Sweden continue to face negative revenue development driven by rapid decline in print advertising . Says EBITDA of the other/headquarters segment, which includes product and technology investments, is estimated to be negative NOK 650-700 million in the full year 2016.  Full Article

UPDATE 3-European shares barely wince as China retaliates with more tariffs

* TomTom sinks 24 pct after carmakers strike deal with Google (Updates prices, adds quotes, details)