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Schibsted ASA (SBSTB.OL)

SBSTB.OL on Oslo Stock Exchange

214.00NOK
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Latest Key Developments (Source: Significant Developments)

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

Schibsted adjusts Organization, keeps overall strategy unchanged
Tuesday, 19 Sep 2017 05:30am EDT 

Sept 19 (Reuters) - Schibsted Asa :Says to divide its organization into two operational divisions, named "Marketplaces" and "Media".Says the overall strategy of Schibsted remains unchanged; to be a global leader in online classifieds, to develop world-class media houses and develop new growth services.Says the online classifieds operations in Norway and Sweden, including FINN.no and Blocket.se, will join the Marketplaces division together with all other online classifieds companies.Says media will consist of the publishing operations in Norway and Sweden (VG, Aftenposten, Stavanger Aftenblad, Bergens Tidende, Fædrelandsvennen, Aftonbladet and Svenska Dagbladet and Omni) in addition to Lendo, Prisjakt, Let's Deal and others.  Full Article

Schibsted CEO expects Brazilian online classified unit to reach break even in h2 2017
Tuesday, 18 Jul 2017 04:01am EDT 

July 18 (Reuters) - Schibsted Asa :Schibsted CEO expects Brazilian online classified unit OLX to reach break even in h2 2017.Schibsted CEO: we have not lost market share in France (Leboncoin) but market conditions have been difficult in q2.  Full Article

Media house Schibsted Q2 earnings beat forecast
Tuesday, 18 Jul 2017 01:00am EDT 

Adds detail, analyst:Q2 EBITDA ex investment phase NOK 880 million ($108.38 million)(Reuters poll NOK 834 million).Q2 EBITDA NOK 694 million (Reuters poll NOK 645 million).Q2 revenues NOK 4.3 billion (Reuters poll NOK 4.29 billion)."Within Online classifieds, we continue to see good revenue growth combined with operational leverage," CEO Rolv Erik Ryssdal said in a statement."First impression is positive," says Danske Bank Markets analyst Martin Stenshall, who has a "buy" rating on the stock. "Management guides investments further planned to be reduced in H2 2017 and in 2018." .Outlook: Schibsted keeps guidance of 15-20 percent revenue growth in online classifieds, its top division, for mid to long term.In online classifieds, Schibsted says full-year investments are expected to go down versus 2016, and the investments are expected to go down sequentially quarter by quarter in 2017.On investments in Technology and Online Product Development, Schibsted says: "In 2018, we will be able to take advantage of efficiency effects and reduce duplication of efforts within product and technology".  Full Article

Media house Schibsted Q2 earnings beat forecast
Tuesday, 18 Jul 2017 01:00am EDT 

July 18 (Reuters) - SCHIBSTED ASA ::SCHIBSTED Q2 EBITDA EX INVESTMENT PHASE NOK 880 MILLION (REUTERS POLL NOK 834 MILLION).SCHIBSTED KEEPS GUIDANCE OF 15-20 PERCENT REVENUE GROWTH IN ONLINE CLASSIFIEDS FOR MID TO LONG TERM.SCHIBSTED Q2 REVENUES NOK 4,327 MILLION (REUTERS POLL NOK 4.29 BILLION).SCHIBSTED Q2 EBITDA NOK 694 MILLION (REUTERS POLL NOK 645 MILLION).  Full Article

Norway's Schibsted to book NOK 1.3 bln gain in Q2 after transaction
Friday, 30 Jun 2017 11:00am EDT 

June 30 (Reuters) - Schibsted says: :Closing of the transaction to increase ownership in OLX Brazil and Yapo Chile and divest Asian assets.Gains of approximately NOK 1.3 billion will be recognized in consolidated financial statements of schibsted for q2 2017.Amount will be reported on "other income and expenses" line in consolidated income statement..Transaction implies a cash payment to telenor of $400 million. Schibsted has financed amount with debt..  Full Article

BRIEF-Schibsted prices offering of 11.9 mln new B-shares at NOK 211 per share​

* ‍Gross proceeds of offering amounted to approximately NOK 2,507 million or approximately $305 million​