Schibsted ASA (OSL:SCHA)

kr 348.6 -0.4 (-0.11%) Market Cap: 77.88 Bil Enterprise Value: 75.44 Bil PE Ratio: 6.30 PB Ratio: 2.42 GF Score: 65/100

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Q3 2022 Schibsted ASA Earnings Call Transcript

Oct 27, 2022 / 07:00AM GMT

Release Date Price: kr160.3 (-1.41%)

Transcript

Jann;Boje Meinecke

Schibsted ASA - VP & Head of IR

Good morning everyone, and welcome to the presentation of our Q3 results from our headquarters in Oslo. As usual, Kristin, our CEO; and Ragnar, our CFO will present the progress and results for the quarter. And for the Q&A, at the end of the presentation, also Christian, our EVP for Nordic Marketplaces will join the team.

(Operator Instructions) And with this, please let me hand over to Kristin.

Kristin Skogen Lund

Schibsted ASA - CEO

Thank you, Jann-Boje, and good morning and welcome, everyone. So I'll start with the highlights before we have a closer look at the development of the quarter. Despite the increased macroeconomic uncertainty, our businesses witnessed decent revenue trends, resulting in an underlying revenue growth of 6% for the group compared to the same quarter last year.

Group EBITDA ended 15% below last year at NOK 655 million, mainly driven by a financially challenging quarter for our News Media division.

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