19.11.2024 07:00:01 CET | Schibsted | Inside information

Schibsted ASA ("Schibsted Marketplaces") will today host a Capital Markets Day
("CMD") for investors, analysts and media at Port Olimpic in Barcelona.The main
focus of the event will be the strategic ambitions and financial framework of
the new company.



"We aim to build on our legacy and continue to be a front-runner in the
marketplace industry. This means accelerating our future winners by simplifying
our portfolio and organisation, deepening our vertical capabilities, and scaling
across our businesses to deliver superior products. Furthermore, we will
accelerate our positions and concepts where we have the capabilities and
playbook needed to win," says Christian Printzell Halvorsen, CEO Schibsted
Marketplaces.



Over the past year, Schibsted Marketplaces has made significant efforts in
transforming and focusing the business to unlock shareholder value and reinforce
its position as a pure-play marketplace company. Through these actions, the
company will become a leaner, more agile organisation, dedicated to delivering
sustainable value to shareholders and securing number one positions across the
Nordics.



"We are excited to present the financial targets and focused capital allocation
policy for the new company. By combining a strong revenue growth agenda with
significant cost and efficiency improvements, we are well-positioned to drive
substantial margin expansion across all verticals in the medium-term," said Per
Christian Mørland, CFO of Schibsted Marketplaces.

Medium-term targets:

 * Mobility: Revenue growth of 12-17%, with an EBITDA margin of 55-60%
 * Real Estate: Revenue growth of 12-17%, with an EBITDA margin of 45-50%
 * Jobs: Revenue growth of 5-10%, with an EBITDA margin above 55%
 * Recommerce: Revenue growth of more than 20%, with a positive single-digit
   EBITDA margin



Capital allocation policy:

 * Investing in selective acquisitions to create shareholder value

 * Pay a progressive annual dividend

 * Any surplus cash post the above will be returned to shareholders over time

 * Maintain a conservative balance sheet

Presentation material, and financial restatements:

The CMD presentation, and financial restatements are attached to this release,
and can also be found on our IR website.

Alternative performance measures used in this release are described and
presented in the section Definitions and reconciliations in the quarterly
report.



Practical information:

The event will be hosted at Port Olimpic in Barcelona. Presentations will start
at 13:00 CET and will last, including Q&A, until approximately 17:00 CET.



The event will also be streamed live from 13:00 CET at: 
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20241119_6



For the Q&A, participants on the web can send in written questions via Slido.

Link: https://www.sli.do/

Event code: #1011554



Venue address:

Espai Mestral | Sala d'actes Port Olímpic

Moll de Mestral, S/N, Sant Martí, 08005 Barcelona



To get there: 

Search the address Espai Mestral | Sala d'actes Port Olímpic on Google Maps or
follow the description below. 



The venue is just in the middle of Port Olímpic on the seafront, on the same
level as the boats. It is located just about 100 metres east of Hotel Arts. 



To reach the Espai Mestral at Moll de Mestral, Port Olímpic, from within the
Port Olímpic area, follow these steps:

 1. Locate the Moll de Mestral: This is the westernmost pier in Port Olímpic,
    adjacent to the Vila Olímpica neighbourhood.
 2. Head towards the Blue Economy Business Center: The Espai Mestral is situated
    within this centre.
 3. Look for signage: Once near Moll de Mestral, follow signs indicating "Espai
    Mestral" We'll also have a blue sign with Capital Markets Day 2024 outside
    the venue.







Oslo, 19 November 2024

SCHIBSTED ASA



DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Jann-Boje Meinecke, VP FP&A and Investor Relations, +47 941 00 835,
   ir@schibsted.com 
 * Kristine Eia Kirkholm, Director of Communication, +47 932 47 875,
   kristine.eia.kirkholm@schibsted.com 
 * Malin Ebenfelt, Investor Relations Officer, +47 916 86 710, ir@schibsted.com 

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/18327803/5300/Download%20announce
ment%20as%20PDF.pdf

Schibsted Financials and Analytical Info CMD 2024.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/18327803/5296/Schibsted%20Financi
als%20and%20Analytical%20Info%20CMD%202024.pdf

Schibsted Marketplaces CMD 2024 Presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/18327803/5299/Schibsted%20Marketp
laces%20CMD%202024%20Presentation.pdf