Schibsted ASA (SCHA/SCHB) - Interim Financial Statement Q2 2016
(Thomson Reuters ONE) -
Today, Schibsted Media Group released its Q2 2016 report. EBITDA ex. Investment
phase increased 10 percent to NOK 831 million.
"We are happy to report another quarter where our Online Classifieds operations
grew well both in terms of revenue and gross operating profit. At the same time,
our Media Houses improved their profitability compared to the same quarter in
2015 in a challenging advertising market", CEO Rolv Erik Ryssdal says.
"Within online classifieds the operations in France and Spain continued the good
development, and the growth rate in Norway picked up in Q2. Leading traffic
positions provide the foundation to increase revenues backed by both increased
ad volumes, enhanced products and price optimization", Rolv Erik Ryssdal says.
"We continue to see positive development of our significant organic investments
aiming to build market positions in new areas. Our native mobile app Shpock is
developing rapidly in several European markets", Rolv Erik Ryssdal says.
"Schibsted is investing significant amounts in product and technology.
Technology for targeted advertising is one area of focus, and our new
advertising solutions are now being rolled across our portfolio. This will
enable Schibsted to take part in the expected growth in digital advertising
markets in the years to come", Rolv Erik Ryssdal says.
"Nevertheless, our newspapers in Norway and Sweden are facing negative revenue
development as print advertising continues to decline. Continuous cost adaptions
are necessary to maintain acceptable profitability. At the same time, it is
encouraging to see that the number of digital subscribers to the newspapers
continues to grow rapidly. Schibsted aims to be at the forefront when it comes
to presenting premium editorial content in a modern way, which appeals to
consumers", CEO Rolv Erik Ryssdal says.
Highlights of Q2 2016
(Figures in brackets refer to corresponding quarter in 2015.)
* EBITDA ex. Investment phase of NOK 831 million, a growth of 10 percent.
Total Online classifieds EBITDA ex. Investment phase grew 15 percent to NOK
722 million.
* Continued positive development for Developed phase Online Classifieds.
* Solid revenue growth and good margins in France and Spain.
* Sustained growth in Norway, continued strong momentum in Sweden.
* 37 percent revenue growth in Other Developed phase Online Classifieds,
driven by continued good development in Italy, Austria and Ireland.
* Online Classifieds Investment phase continues positive trend.
* 56 percent revenue growth.
* Reduced investment spend in emerging markets.
* Significant investments and rapid growth in UK and Germany for native
app Shpock.
* Challenging advertising markets, tight cost control in media houses.
* Strong inflow of digital subscribers.
* Improved margin level as a result of cost savings.
* Continued ramp up of product and technology competence, building platforms
for next generation online classifieds services, media houses and long term
growth in online advertising.
* Hemnet acquisition terminated by Schibsted because the Swedish Competition
Authority informed that the transaction in its current form will not be
cleared.
Second 1 half
quarter Schibsted Media Group year FY
2015 2016 (MNOK) 2016 2015 2015
3,803 4,114 Operating revenues 7,997 7,497 15,117
642 637 Gross operating profit (EBITDA) 1,058 1,018 2,016
17 % 15 % EBITDA margin 13 % 14 % 13 %
Gross operating profit (EBITDA) ex. Investment
753 831 phase 1,466 1,261 2,560
20 % 21 % EBITDA margin ex. Investment phase 19 % 17 % 17 %
Schibsted invites to an analyst and press conference at Apotekergaten 10, Oslo,
19 July 2016 at 09:00 CET. The presentation will be held in English and
transmitted live as a video webcast on www.schibsted.com/ir.
A conference call with Q&A linked to the Q2 2016 numbers will take place 19 July
2016 at 14:00 CET. Please dial in at the following numbers:
Norway: 800 56053
UK: 0800 279 4841
USA: 1877 280 2342
International: +44(0)20 3427 1904
Conference ID is 7079348
Contact persons:
Trond Berger, CFO. Tel: +47 916 86 695
Jo Christian Steigedal, Head of IR. Tel: +47 415 08 733
Oslo, 19 July 2016
SCHIBSTED ASA
Jo Christian Steigedal
Head of IR
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Q2 2016:
http://hugin.info/131/R/2029193/754460.pdf
Financials and analytical info Q2 2016:
http://hugin.info/131/R/2029193/754461.pdf
Presentation of Q2 2016:
http://hugin.info/131/R/2029193/754459.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#2029193]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2016 - 07:01 Uhr
Sprache: Deutsch
News-ID 483900
Anzahl Zeichen: 6325
contact information:
Town:
Oslo
Kategorie:
Business News
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