Schibsted ASA (OSTO:SCHBo)

kr 283.4 -5.8 (-2.01%) Market Cap: 67.92 Bil Enterprise Value: 75.08 Bil PE Ratio: 5.08 PB Ratio: 1.57 GF Score: 53/100

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Q2 2023 Schibsted ASA Earnings Call Transcript

Jul 18, 2023 / 07:00AM GMT

Release Date Price: kr185.7 (+0.65%)

Transcript

Jann;Boje Meinecke

Schibsted ASA - VP & Head of IR

Good morning, everyone, and welcome to the presentation of our Q2 results. As usual, Kristin, our CEO; and Ragnar, our CFO, will present results and progress in the quarter. (Operator Instructions)

And with this, please let me hand over to Kristin. The floor is yours.

Kristin Skogen Lund

Schibsted ASA - CEO

Thank you, Jann-Boje, and a very good morning to everyone. I will start with the highlights before we have a closer look at the development in the second quarter. Against a backdrop of the current macroeconomic environment, Schibsted delivered a solid quarter with an underlying revenue growth of 2% and a group EBITDA of NOK 670 million, which is 8% up from the same period last year.

Despite the current market headwinds in the Job vertical, Nordic Marketplaces delivered resilient underlying revenue growth of 9% in Q2 due to strong top line growth in the Mobility, Real Estate and Recommerce verticals. This was a result of increased volumes in all of the 3 latter

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