Schibsted ASA (SCH) - Investor Day 2013
(Thomson Reuters ONE) -
Schibsted hosts Investor Days in London 9 October and in New York 10 October
2013. The presentation material and more information is available on
www.schibsted.com/Investorday2013. The presentation in London can be followed on
live webcast on the same site from 10:00 CET on 9 October.
- Schibsted continues to build online leadership. We are working towards
ambitious goals to become a global leader in Online Classifieds, build world-
class digital media houses, and seize growth opportunities in new online
services. We have set out to "empower people in their daily life", with
innovative solutions and high-quality products. The on-going strengthening of
our organization, technology platforms, and data analytics capabilities will
enable us to meet our customers' future demands and create the next generation
growth drivers, says CEO Rolv Erik Ryssdal.
Schibsted's target of medium term annual revenue growth for online classifieds
operations is maintained at 15-20%. However, weak macro and refocusing on
traffic growth in Spain may negatively affect revenue growth in the short-term.
Our leading French site Leboncoin.fr holds significant long-term potential in
new verticals and products, although growth may slow down in the short-term due
to prudent monetization strategies and tougher year-on-year comparisons.
Within the investment phase portfolio, Schibsted recently joined forces in
selected markets in South America and Asia with Telenor, a leading global
telecom operator with approximately 150 million mobile customers. Telenor offers
valuable insights into mobile internet solutions and extensive experience from
emerging market operations. This also strengthens the capital base for
development of leading online classifieds sites in the potentially large
existing markets as well as possibilities in new geographical markets.
Strong brands form an important part of the foundation of Schibsted's media
houses, and with its growing digital platforms they reach a larger audience than
ever. The focus remains on converting revenue streams from print to digital
platforms, and to continue the building of world-class media solutions across
desktops, mobiles/tablets, and web-TV.
Schibsted's easy and safe payment solution SPiD already has more than two
million registered users, and holds the possibility to build customer databases
across the portfolio of online media, classifieds and new services. Advanced
data analysis is expected to enhance customer insights and enable development of
attractive personalised products and services across the Group.
Schibsted will maintain financial flexibility, and reiterates its targets with
respect to maintaining an equity ratio of 35-50%, prudent financial leverage
with a net interest bearing debt/EBITDA ratio of 1-2x, and a dividend pay-out
ratio of 25-40% of cash flow.
Contact persons:
Trond Berger, CFO. Tel: +47 916 86 695
Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733
Oslo, 9 October 2013
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Investor Day 2013:
http://hugin.info/131/R/1734472/580939.pdf
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#1734472]
Unternehmensinformation / Kurzprofil:
Datum: 09.10.2013 - 09:31 Uhr
Sprache: Deutsch
News-ID 304136
Anzahl Zeichen: 4278
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 142 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Schibsted ASA (SCH) - Investor Day 2013"
steht unter der journalistisch-redaktionellen Verantwortung von
Schibsted (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
