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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Q1 2023 Schibsted ASA Earnings Call Transcript

Apr 28, 2023 / 07:00AM GMT

Release Date Price: kr188.8 (+2.94%)

Transcript

Jann;Boje Meinecke

Schibsted ASA - VP & Head of IR

Good morning, everyone, and welcome to the presentation of Schibsted's Q1 results. As usual, Kristin, our CEO; and Ragnar, our CFO, will present the results and progress in the quarter. And at the end of the presentation, we will have a joint Q&A session, where also Christian, EVP for Nordic Marketplaces and Delivery will join.

(Operator Instructions) And with this, please let me hand it over to Kristin. The floor is yours.

Kristin Skogen Lund

Schibsted ASA - CEO

Thank you, Jann-Boje, and good morning, and welcome to everyone. Let me start with the highlights before we have a closer look at the development for the quarter. For Schibsted, 2023 started off with an underlying revenue growth of 1% in the first quarter, driven by Nordic Marketplaces and growth and investments. EBITDA was subdued by higher personnel costs, cost inflation and revenue mix, ending at NOK 423 million, down 12% compared to the first quarter last year.

Nordic Marketplaces made important

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