Schibsted ASA (SCHA/SCHB) - Investor Seminar 2017
(Thomson Reuters ONE) -
Schibsted hosts an investor seminar in Barcelona today 14 November 2017 at
16:00. The presentation material and more information about the event, including
venues, is available on www.schibsted.com/ir. The presentation can be followed
on live a webcast on the same URL from 16:00 on 14 November.
The Online classifieds operations of Schibsted is the main topic of the seminar,
and Schibsted reiterates the existing goal of 15-20 percent revenue growth in
the online classifieds portfolio medium to long term. There will be focus on
cash flow and profitability improvement. A main goal for Schibsted is to deepen
the roots in the real estate, car and jobs verticals, which is expected to
contribute well to the revenue growth both in the well developed markets in
Europe, like France, and in less developed markets, for example Brazil. As a
global leader within online classifieds, Schibsted will continue to leverage
scale by developing common components and converging platforms. This will
enhance our competitive strengths.
Schibsted's portfolio of Online classifieds companies in Investment phase
continues to develop well. Monetization is increasing rapidly in many markets,
and the losses have been reduced in 2017. In 2018, the losses will be further
reduced.
Schibsted maintains the 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's publishing operations have been at the forefront in developing
successful digital products. The high level of innovation combined with focus on
sustainable profitability will be maintained, leveraging the common media
platform that is implemented in all operations. The Schibsted Growth portfolio
enjoys high growth rates primarily driven by personal finance and price
comparison services. Some of the concepts can be scaled outside of the Nordic
markets. Schibsted has initiated a strategic review of the personal finance
operations, including Lendo.
Contact persons:
Trond Berger, CFO. Tel: +47 916 86 695
Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733
Direct link to the presentation webcast:
http://webtv.hegnar.no/presentation.php?webcastId=67475712
Oslo, 14 November 2017
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.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Schibsted via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 14.11.2017 - 15:30 Uhr
Sprache: Deutsch
News-ID 568103
Anzahl Zeichen: 3276
contact information:
Town:
Oslo
Kategorie:
Business News
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