Schibsted ASA (FRA:XPG)
€ 31.52 1.02 (3.34%) Market Cap: 7.02 Bil Enterprise Value: 6.81 Bil PE Ratio: 6.66 PB Ratio: 2.56 GF Score: 63/100
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Q3 2023 Schibsted ASA Earnings Call Transcript

Oct 25, 2023 / 07:00AM GMT
Release Date Price: €18.6 (+4.41%)
Operator

Good morning, everyone, and welcome to Schibsted's Q3 results presentation. With me today is a new member in the leadership executive team, Per Christian, our new CFO, who has started as onboarding in September and took over in October. And Kristin and Per Christian will present the progress and results for the third quarter as usual. Afterwards, we will also have a Q&A session where Per Christian, our EVP for Nordic Marketplaces in delivery will also be here. And as usual, we can ask questions on slido.com.

And with this, I hand over to Kristin.

Kristin Skogen Lund
Schibsted ASA - CEO

Thank you, Gamboa, and a very welcome and good morning to everybody. I will start with the highlights before we have a closer look at the development in the third quarter. And despite the challenging macroeconomic environment, I am happy to report that Schibsted has navigated the rough seas well in the third quarter, delivering an underlying revenue growth of 1% and a group EBITDA of NOK 741 million, which is 13% up from the same period last year. Driven by a strong

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