Interim Financial Statement per 30.9.2006

Schibsted ASA (SCH) , Published 02/11/2006 16:34:02

At the Board Meeting today, the Board of Directors of Schibsted ASA approved the interim financial statement as of September 30, 2006.
Please find enclosed the Interim Report for 3rd Quarter 2006.
Information on internet:
Schibsted’s web site:
HUGIN Online:
Highlights (Figures in brackets show the figures for the corresponding period in 2005.)
  • The group made a Q3 operating profit (EBITDA) of NOK 365 million (314 million), producing an operating margin of 13 % (14 %).
  • Increased investments in new projects debited the profit and loss account by NOK 75 million (40 million) in Q3.
  • The Q3 revenue from the Group’s online activities increased by 69 % (before acquisitions), and accounted for a 41 % share of the Group’s operating profit (EBITA) (after acquisitions).
  • The Q3 results of International Classifieds (Trader) improved in line with expectations. The online activities’ revenues increased by 58 %.
  • In October, Aftonbladet launched the free newspaper Punkt SE in Stockholm, Gothenburg and Malmo and the TV channel TV7 in the digital terrestrial network.
  • In October, Schibsted sold its stake in Norwegian TV 2 to Egmont and A-pressen for NOK 1.15 billion. This is expected to produce an accounting gain in Q4 of approx. NOK 940 million.
  • The final merger plans for Media Norge (Media Norway), including articles of association, conversion ratio and other details, will be dealt with by the newspapers’ boards in mid-November. The plans are to hold General Meetings in December and to list the company on the Oslo Stock Exchange in March/April 2007.
Consolidated results (main figures)
1) Operating profit before depreciation, impairment of goodwill and other revenues and expenses          
Oslo, November 2, 2006
Report including tables and presentation can be downloaded from the following links: