Q2 2021 Results
16 July 2021
Kristin Skogen Lund, CEO
Ragnar Kårhus, CFO
Q&A
Visit: sli.do
Event code: 051602
Disclaimer
This presentation (hereinafter referred to as the "presentation") has been prepared by Schibsted ASA ("Schibsted" or the "Company") exclusively for information purposes and does not constitute an offer to sell or the solicitation of an offer to buy any financial instruments.
Reasonable care has been taken to ensure that the information and facts stated herein are accurate and that the opinions contained herein are fair and reasonable, however no representation or warranty, express or implied, is given by or on behalf of the Company, any of its directors, or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability is accepted for any such information or opinions.
This presentation includes and is based on, among other things, forward-looking information and statements. Such forward-looking information and statements are based on the current expectations, estimates and projections of the Company or assumptions based on information available to the Company. Such forward-looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give any assurance as to the correctness of such information and statements. Several factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this presentation.
There may have been changes in matters which affect the Company subsequent to the date of this presentation. Neither the issue nor delivery of this presentation shall under any circumstance create any implication that the information contained herein is correct as of any time subsequent to the date hereof or that the affairs of the Company have not since changed.
The Company does not intend, and does not assume any obligation, to update or correct any information included in this presentation.
Alternative performance measures (APM) used in this presentation are described and presented in the section Definitions and reconciliations in the quarterly report.
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Highlights Q2 2021
Strong financial results
- Accelerated underlying* revenue growth of 18% YoY
- Quarterly EBITDA of NOK 743m, up 49% YoY and 33% vs. 2019
Adevinta's acquisition of eCG completed**, creating the world's largest online classifieds platform
- Reducing Schibsted's ownership share to 33%
Accounting gain of NOK 60 billion based on current share price - further increasing value creation to shareholders
Closing of eBay Classifieds' Danish operations
- Strengthening our position as the Nordic online classifieds champion
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* Foreign exchange neutral basis and including pro-forma Oikotie revenues in Q2 2020 ** Transaction of eBay Classifieds Group (eCG) closed on 25 June 2021
Solid growth vs. pre COVID-19 levels in all segments; Strong margins in Nordic Marketplaces and News Media
Nordic Marketplaces | News Media | Financial Services | Schibsted Growth | ||||
Underlying* revenue growth | Continued strong | Underlying** revenues in | Continued strong revenue | ||||
of 32% YoY, and solid growth | performance with | Lendo returned to growth vs. | growth in Distribution on top | ||||
compared to pre COVID-19 | underlying** YoY revenue | somewhat weak comparables | of an amplified quarter last | ||||
levels | growth of 10% and cost | Solid EBITDA margin in | year | ||||
Strong EBITDA margin of | savings | Mixed performance in rest of | |||||
Lendo, increasing slightly | |||||||
55% in Norway and 43% in | Re-bounce in digital | YoY | Growth portfolio | ||||
Sweden | advertising revenues driving | EBITDA decline YoY driven | |||||
Synergies between Tori and | topline growth | ||||||
by Prisjakt investments in | |||||||
Oikotie getting traction in | Strong EBITDA | product development | |||||
Finland | margin of 14% |
Closing of eBay Classifieds'
Danish operations
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* Foreign exchange neutral basis and including pro-forma Oikotie revenues in Q2 2020 ** Foreign exchange neutral basis
Schibsted sharpens growth focus
Kristin Skogen Lund
CEO Schibsted
Business areas | Functions | |||||||||||||
Christian Printzell Halvorsen | Siv Juvik Tveitnes | Dan Ouchterlony | Ragnar Kårhus | Mette Krogsrud | Sven Thaulow | Andrew Kvålseth | ||||||||||||||
EVP | EVP | EVP Financial | Chief Financial | Chief People & | Chief Data & | Chief Investment | ||||||||||||||
Nordic Marketplaces | Services & Venture | Officer | Corporate Affairs | Technology Officer | Officer | |||||||||||||||
News Media | ||||||||||||||||||||
Officer | ||||||||||||||||||||
Incl. Distribution | New | New | ||||||||||||||||||
& eCommerce | ||||||||||||||||||||
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Schibsted ASA published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 05:04:09 UTC.