Schibsted : Schibsted ASA (SCH) - Interim Financial Statement Q4 2012

    Schibsted : Schibsted ASA (SCH) - Interim Financial Statement Q4 2012

Today, Schibsted Media Group released its Q4 2012 report, which shows
operating revenues of NOK 3.8 billion. This was underlying and increase of 1
percent. The Online classifieds operations increased their revenues by 14
percent underlying. The revenues of the media houses in Norway and Sweden
declined by underlying 2 and 4 percent, respectively.

- Q4 was another solid quarter for Schibsted Media Group. Our Online
classifieds operations continue to perform well, capturing market shares and
expanding products and service offerings. The Media houses are in the middle
of a structural transition from print to online platforms. Our ambition is to
create world class digital media houses, although the encouraging revenue
increases in the online operations are not yet sufficient to compensate fully
for the revenue decline in the print part of the business, CEO Rolv Erik
Ryssdal says.

- and our French site were the main growth drivers in the
Online classifieds operations. also performed well in a somewhat
softer Swedish market. Over the past few years we have also created profitable
number one positions in Italy, Austria and Malaysia. Our sites have
strengthened their market leadership in 2012, lending further confidence in
the business model and our return on investment over time. We are continuing
to invest in our successful online classifieds concepts, and despite tough
competition we see positive development also in early stage operations such as
Bomnegó in Brazil. We will concentrate on our core markets and
expansion into selected new geographies. We aim for the number one positions
in the markets where we are present, Rolv Erik Ryssdal says.

- In the Media Houses we are meeting the challenges in print media with cost
reduction programs, and ongoing efficiency measures that are progressing as
planned. At the same time we are allocating more resources to our digital
activities, and here the results are encouraging. The declining trend in print
advertising is expected to continue. Hence continued online growth and
innovation will be crucial to secure the future with a fundament of high
quality editorial products combined with healthy financial results, CEO Rolv
Erik Ryssdal says.

Highlights of Q4 2012
(Figures in brackets refer to the corresponding period in 2011. Underlying
figures are adjusted for currency effects and acquisitions and divestments.)

  o1 percent underlying growth in Group operating revenues. Online
    classifieds grew 14 percent underlying; 19 percent growth excluding the
    Spanish online classifieds operations.
  oGroup EBITDA of NOK 497 million (549 million), with increased earnings in
    Online classifieds but decline in Media houses
  oOnline classified report 28 percent EBITDA margin, and 42 percent EBITDA
    margin excluding Investment phase

       oSolid performance in the key established operations in Norway,
         France, and Sweden
       oSpanish operations hurt by weak economy and job market
       oItaly, Austria and Ireland reinforce market leadership while
         continuing to show revenue and profit growth
       oStrong traffic development and improved market positions in new
         markets, including Brazil

  oMedia houses report 11 percent EBITDA margin in Norway and 13 percent in

       oContinued decline in Print advertising as the migration from print to
         online continues
       oGood Online growth in both Norway and Sweden, particularly from
         mobile activities
       oComprehensive transition and cost reduction program ongoing and on

  oImpairment loss of NOK 350 million, mainly in Spain, and NOK 179 million
    in Metro Sweden reflect weak economic environment and structural changes
  oRestructuring charges of NOK 257 million related to the transition program
    in the Media houses
  oDividend payment of NOK 3.50 per share (unchanged) proposed for 2012; a
    balanced proposal in a period of significant online growth investments

         Q4           Q4                                     Full year
       2011         2012 (MNOK)                              2012        2011
      3,744        3,811 Operating revenues              14,763   14,378
                         Gross operating profit
        549          497 (EBITDA)                            2,028       2,185
       15 %         13 % EBITDA margin                        14 %        15 %
                         Gross operating profit
        702          609 (EBITDA) ex. Investment phase  2,558  2,597
                         EBITDA margin ex. Investment
       19 %         16 % phase                                17 %        18 %
 152  (415) Profit (loss) before taxes     683  1 331
                         Adjusted Earnings per share
       2.14         2.42 (EPS)                          8.41  8.76

Schibsted invites to an analyst and press conference at Apotekergaten 10,
Oslo, 13 February 2013 at 09.00 CET. The presentation will be transmitted live
as a webcast on

A conference call with Q&A linked to the Q4 2012 results will take place 13
February 2013 at 14:00 CET. Please dial in at the following numbers:

International: +44(0)20 3450 9987
From Norway: 800 56054
Conference code: 4552781

Contact person:
Trond Berger, CFO. Tel: +47 916 86 695

                            Oslo, 13 February 2013
                                SCHIBSTED ASA

                            Jo Christian Steigedal
                            VP Investor Relations

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Financials and analytical info Q4 2012
Presentation of 4th Quarter 2012
4th Quarter 2012


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information contained therein.

Source: Schibsted via Thomson Reuters ONE
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