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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.

- Finn.no and our French site Leboncoin.fr were the main growth drivers in the
Online classifieds operations. Blocket.se 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
Bomnegócio.com 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.)

  o 1 percent underlying growth in Group operating revenues. Online
    classifieds grew 14 percent underlying; 19 percent growth excluding the
    Spanish online classifieds operations.
  o Group EBITDA of NOK 497 million (549 million), with increased earnings in
    Online classifieds but decline in Media houses 
  o Online classified report 28 percent EBITDA margin, and 42 percent EBITDA
    margin excluding Investment phase

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

  o Media houses report 11 percent EBITDA margin in Norway and 13 percent in
    Sweden

       o Continued decline in Print advertising as the migration from print to
         online continues
       o Good Online growth in both Norway and Sweden, particularly from
         mobile activities
       o Comprehensive transition and cost reduction program ongoing and on
         track

  o Impairment loss of NOK 350 million, mainly in Spain, and NOK 179 million
    in Metro Sweden reflect weak economic environment and structural changes
  o Restructuring charges of NOK 257 million related to the transition program
    in the Media houses
  o Dividend 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 www.schibsted.com/ir.

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

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Schibsted via Thomson Reuters ONE
HUG#1677600
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