Schibsted ASA
SCHA
ISIN NO0003028904 / Valor 599945
Schibsted ASA
UMushroom community rating:
About company
Schibsted ASA is a diversified company with a focus on digital services and technology, particularly in the areas of e-commerce, media logistics, and home services. One of its key subsidiaries, Distribution Innovation (DI), provides software services that handle the entire value chain of product delivery in the Nordics. Additionally, Schibsted owns Servicefinder, a marketplace connecting consumers with local professionals for various services, and FundingPartner, a crowdlending platform for SMEs seeking financing. Mittanbud, another subsidiary, offers marketplaces for home services, while Helthjem, a home delivery network, distributes newspapers, magazines, e-commerce parcels, and food products in Norway. Schibsted's businesses are focused on innovation and expansion into new markets to meet the evolving needs of consumers and businesses in the digital age.
Summarized from source with an LLMView SourceSector: Consumer Non-CyclicalsLatest Results (07.08.2024):
Revenue Growth
In Q2 2024, Schibsted ASA reported a 3% year-on-year increase in group revenues, reaching NOK 2,525 million. This growth was achieved on a constant currency basis, reflecting the company's resilience and strategic focus on its core marketplace verticals.
EBITDA Performance
Schibsted ASA's EBITDA for the second quarter of 2024 stood at NOK 546 million, marking a 1% increase compared to the same period last year. This improvement underscores the company's efforts to enhance operational efficiency and profitability.
Nordic Marketplaces Segment
The Nordic Marketplaces segment of Schibsted ASA experienced a 7% revenue growth on a constant currency basis in Q2 2024. This was primarily driven by a 13% increase in Classifieds revenues, although Advertising revenues saw a significant decline of 141%.
Special Cash Dividend
Following the Adevinta deal and the sale of its media business, Schibsted ASA paid out the first part of a special cash dividend amounting to NOK 18 billion in Q2 2024. This move was facilitated by the significant cash proceeds from these transactions.
Future Outlook
Looking ahead, Schibsted ASA's CEO Christian Printzell Halvorsen expressed confidence in the company's positioning as a leading global marketplace operator. He highlighted opportunities to optimize existing models, improve operational efficiency, and expand transactional models to create further value.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3334 M
Market cap (USD)
181,916
Daily traded volume (Shares)
368.2 / 358.4
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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