Schibsted ASA (SCHA/SCHB) - Interim Financial Statement Q4 2018 - Seite 2
Highlights of Q4 2018
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Marketplaces: Revenues continue to grow, and profits increase
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Revenues up 14 percent*; EBITDA margin up 3%-points to 32 percent*
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Revenues from verticals grew 20 percent, while the growth in display advertising revenues was lower than in previous quarters
France, Spain, Norway and Brazil with solid growth in Q4
Margin improvement in France in Q4 - Leboncoin.fr EBITDA margin 62 percent (57%)
In Q1 2019, Schibsted acquired 10 percent of SCM Spain, increasing the ownership to 100 percent
Investment phase losses continued to decline in Q4 compared to Q4 2017
Publishing: Growing revenues driven by digital products
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3 percent total revenue increase in Q4; strong digital growth and 10 percent EBITDA margin (10%)
Schibsted Growth: Continues to expand
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Continued growth for Lendo, but with lower rate than in previous quarters. Launched in Denmark in Q4, which affects margins negatively in the ramp-up phase
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Prisjakt with strong development in 2018, full-year revenue of NOK 308 million (+18% growth) and 31% EBITDA margin
The operating profit and net profit of the group is negatively affected by a non-cash impairment loss of NOK 601 million in Yapo (Chile) and Compricer (Sweden). Adjusted EPS
increased 109% to NOK 1.84
Spin off of the international marketplaces operations on track for separate listing as of 10 April 2019
Kristin Skogen Lund onboarded as new CEO of Schibsted 1 December
Dividend of NOK 2.00 per share proposed for 2018
*) Including proportionate share of JVs, adjusted for currency
Fourth quarter | (NOK million) | Year | ||
2017 | 2018 | SCHIBSTED MEDIA GROUP | 2018 | 2017 |
4,455 | 4,742 | Operating revenues | 18,059 | 16,943 |
695 | 897 | EBITDA | 3,268 | 2,606 |
16 % | 19 % | EBITDA margin | 18 % | 15 % |
840 | 975 | EBITDA excl. Investment phase | 3,709 | 3,282 |
19 % | 21 % | EBITDA margin excl. Investment phase | 21 % | 20 % |
Lesen Sie auch
Schibsted invites to an analyst and press conference at Akersgata 55, Oslo, 13 February 2019 at 10:00 CET (NOTE: NEW TIME). The presentation will be held in English and transmitted live as a video webcast on https://www.schibsted.com/ir/. CEO Kristin Skogen Lund, CEO of MPI Rolv Erik Ryssdal and EVP CFO Trond Berger will present at the analyst and press conference.
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