Schibsted ASA (OTCPK:SBSNY)

$ 31.535 0 (0%) Market Cap: 7.30 Bil Enterprise Value: 7.08 Bil PE Ratio: 6.05 PB Ratio: 2.37 GF Score: 66/100

Schibsted ASA To Discuss Company has Entered into a Total Return Swap (TRS) with Danske Bank A/S and Share Sale in Adevinta Transcript

Dec 01, 2022 / 07:30AM GMT

Release Date Price: $19.51 (+1.51%)

Transcript

Marcus Diebel

JPMorgan Chase & Co, Research Division - Research Analyst

(technical difficulty) other shareholders, particularly private equity, and they don't seem to step in. And if they could comment on this, that will be quite helpful. Yes, I think these would be my 2 questions.

Ragnar KÃ;rhus

Schibsted ASA - CFO

¥ -

As I said, I think what we -- the intention with what we have done, as I said, is twofold. One is to -- sort of to be -- put us in a situation where it's able to reduce our overall debt leverage because we have sort of being above our target range for quite some time. And we also have sort of -- have been in a situation where we need to have a plan for refinancing then on the shorter-term debt due to the coming -- as a result of the M&A transactions that we did back in 2020, 2021.

And of course, you could argue that sort of debt leverage of 3.5 as we have today is not -- shouldn't be a problem given the fact that we have the ownership stake in other Adevinta it reaches as we approved yesterday, is another liquid

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