year 2008

Interim report 1 half, Published 15/08/2008 07:00:00

At the Board meeting on August 14, the Board of Directors of Schibsted ASA approved the interim financial statement as of June 30, 2008. Please find enclosed the Interim Report for first i half-year 2008.  
Informasjon på Internett:
Highlights in Q2 2008
(Figures in brackets show the figures for the corresponding period in 2007.)
  •          The Group achieved a Q2 operating profit (EBITA) of NOK 426 million (413 million), producing an operating margin of 11.9% (12.0%).
  •          The revenues from the Schibsted Group’s online activities increased by 30% in Q2. Online activities accounted for 54% of the Group’s operating profit (40%).
  •          Good growth in profits (EBITA) for FINN, Aftonbladet Nya Medier and Blocket/Bytbil.
  •          The migration from print to online newspapers continues. Price increases have ensured growth in Aftenposten’s, VG’s and Aftonbladet’s circulation revenues.
  •          Setback for recruitment and real estate advertising in Aftenposten. Greater focus on measures to improve profitability.
  •          Positive contribution from the new Hitta and FINN Reise operations.
  •          Strong developments for 20 Minutes in France. A readership record but the advertising market in Spain is challenging.
  •          Good growth in the revenue from Schibsted Classified Media’s online activities. Efforts to build new market positions are continuing.
  •          Spain’s macroeconomic developments are weak. The advertising market for print media is weaker, and this affects Schibsted Classified Media and 20 Minutes.
  •          Planning for IPO of Media Norge in the autumn of 2008 continues. The development in the markets is constantly monitored.
    SCHIBSTED GROUP -Consolidated results first half-year 2008
    The report will be presented by Schibsted management at Schibsted’s  head office in Apotekergaten 10, Oslo, 15 August at 10.00.
    Contact person:
    CFO Trond Berger, tel: +47 91 68 66 95
    Oslo, 15 August 2008
    Jo Christian Steigedal, IR Officer