As announced in connection with the Q4 2013 release, Schibsted Media Group will adjust the reporting format as of the Q1 2014 report.
The main change is that Schibsted no longer will split EBITDA between print and online newspapers in our media houses. The background is that the cost allocation between print and online has become less relevant as the newspapers over time have amended the operational models into being managed as integrated units regardless of publishing platform.
Schibsted Sverige media house has in addition to this conducted reorganization, and formed a business unit called Publishing. This unit consists of Aftonbladet, Svenska Dagbladet (SvD) and certain units from Schibsted Growth (Tillväxtmedier). This is now reflected in the reporting format for Schibsted Sverige.
In the attached PDF, quarterly numbers from Q1 2011 to Q4 2013 are restated to reflect the new reporting format. Excel format of the same tables and more details regarding the new reporting format can be downloaded here: www.schibsted.com/newreportingformat
Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733
Oslo, 21 March 2014
Jo Christian Steigedal
VP Investor Relations