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	<title>AIM Group &#187; Norway</title>
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	<description>Interactive Media and Classified Advertising Consultants</description>
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		<title>Schibsted ASA (SCH) &#8211; Interim Financial Statement Q1 2013</title>
		<link>http://aimgroup.com/2013/04/30/schibsted-asa-sch-interim-financial-statement-q1-2013/</link>
		<comments>http://aimgroup.com/2013/04/30/schibsted-asa-sch-interim-financial-statement-q1-2013/#comments</comments>
		<pubDate>Tue, 30 Apr 2013 06:50:43 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
				<category><![CDATA[Financial results]]></category>
		<category><![CDATA[Norway]]></category>
		<category><![CDATA[World news releases]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=34957</guid>
		<description><![CDATA[
    Today, Schibsted Media Group released its Q1 2013 report, which shows operating revenues of NOK 3.7 billion. The gross operating profit (EBITDA) was NOK 274 million. Excluding Online classifieds Investment phase, the EBITDA was NOK 514 million, compared to NOK 564 million in the same period in 2012. The Online classifieds operations increased their revenues [...]]]></description>
	
    			<content:encoded><![CDATA[<p><b>Today, Schibsted Media Group released its Q1 2013 report, which shows operating revenues of NOK 3.7 billion. The gross operating profit (EBITDA) was NOK 274 million. Excluding Online classifieds Investment phase, the EBITDA was NOK 514 million, compared to NOK 564 million in the same period in 2012. The Online classifieds operations increased their revenues with 11 percent. The revenues of the media houses in Norway declined by 5 percent whereas the Swedish media houses increased revenues by 2 percent.</b></p>
<p>- I am satisfied that Schibsted Media Group in the first quarter of 2013 has continued to develop according to our strategy, given the challenging markets we operate in. In the first quarter, 45 percent of our revenues and 63 percent of our operating profit was generated by online operations, CEO Rolv Erik Ryssdal says.</p>
<p>- This achievement is a result of significant investments in digital operations over time both in the media houses and in online classifieds. We still have high ambitions, and in this last quarter we invested substantial amounts. Our Online classifieds New Ventures invested NOK 100 million more than in the same period last year. Our Established online classifieds operations continue to grow well, and they maintain or strengthen their market positions. Nevertheless, we believe we can broaden their market positions further, and focus on developing new offerings, Rolv Erik Ryssdal says.</p>
<p>- In our media houses, print products still contribute with considerable profits. That is a good achievement in a market where the structural changes put significant pressure on print revenues. The transition program we announced last fall results in material cost reductions in Q1, which curb the margin decline for these units. In parallel, we continue to focus on building digital competence in our organizations and to constantly develop our online newspapers. Our most digitized newspapers VG and Aftonbladet are main drivers for the development of mobile platforms and web-tv in the Norwegian and Swedish markets, Rolv Erik Ryssdal says.</p>
<p>- The development of digital newspaper subscription models is another important area for us. We have positive results from implementation of a print/online bundled subscription product in Fædrelandsvennen a year ago. Last week a similar model was introduced in Svenska Dagbladet, and most of our newspapers will follow later this year, CEO Rolv Erik Ryssdal says.</p>
<p><b>Highlights of Q1 2013</b><br />
(Figures in brackets refer to the corresponding period in 2012. Underlying figures are adjusted for currency effects and acquisitions and divestments.)</p>
<ul>
<li>Group operating revenues were unchanged, underlying, compared to Q1 2012.  Online classifieds revenues grew 11 percent underlying; 16 percent growth excluding the Spanish online classifieds operations</li>
<li>Group EBITDA ex Investment phase of NOK 514 million (564 million); earnings growth in Online classifieds but decline in Media houses</li>
<li>Online classifieds report 16 percent EBITDA margin; 41 percent EBITDA margin excluding Investment phase</li>
<li>Continued strong growth and high margins in the French market leader Leboncoin.fr</li>
<li>Stable performance in the key established operations in Norway and Sweden</li>
<li>Early Easter, cold weather in Scandinavia and temporary operational instability hurt growth rates in Q1</li>
<li>Steady growth in Italy, Austria and Ireland. Mudah.my and Haznaltauto.hu new sites in Established phase</li>
<li>Spanish operations hurt by weak economy and job market</li>
<li>Strong traffic growth and improved market positions in new markets, including Brazil</li>
<li>Online growth and cost reductions curb the margin decline in Scandinavian media houses</li>
<li>Good Online growth in both Norway and Sweden, particularly from mobile activities</li>
<li>Continued decline in Print advertising as the migration to online continues. Negative Easter effect</li>
<li>Cost reductions in print activities; comprehensive transition program on track</li>
<li>VG and Aftonbladet maintain revenues and increase profitability as a result of online growth</li>
</ul>
<table width="522" border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td valign="top"></td>
<td valign="top">Q1</td>
<td valign="top">Q1</td>
<td valign="top">FY</td>
</tr>
<tr>
<td valign="top"> (MNOK)</td>
<td valign="top">2013</td>
<td valign="top">2012</td>
<td valign="top">2012</td>
</tr>
<tr>
<td valign="top"><b>Operating revenues</b></td>
<td valign="top"><b>      3,670</b></td>
<td valign="top"><b>      3,603</b></td>
<td valign="top"><b>    14,763</b></td>
</tr>
<tr>
<td valign="top">Gross operating profit (EBITDA)</td>
<td valign="top">274</td>
<td valign="top">424</td>
<td valign="top">2,043</td>
</tr>
<tr>
<td valign="top"><i>EBITDA margin</i></td>
<td valign="top"><i>7 %</i></td>
<td valign="top"><i>12 %</i></td>
<td valign="top"><i>14 %</i></td>
</tr>
<tr>
<td valign="top"><b>Gross operating profit (EBITDA) ex. </b><b>Investment phase</b></td>
<td valign="top"><b>        514</b></td>
<td valign="top"><b>        564</b></td>
<td valign="top"><b>      2,573</b></td>
</tr>
<tr>
<td valign="top"><i>EBITDA margin ex. Investment phase</i></td>
<td valign="top"><i>14 %</i></td>
<td valign="top"><i>16 %</i></td>
<td valign="top"><i>18 %</i></td>
</tr>
<tr>
<td valign="top"><b>Profit (loss) before taxes</b></td>
<td valign="top"><b>        107</b></td>
<td valign="top"><b>        274</b></td>
<td valign="top"><b>        620</b></td>
</tr>
<tr>
<td valign="top">Adjusted Earnings per share (EPS)</td>
<td valign="top">       0.55</td>
<td valign="top">       1.57</td>
<td valign="top">       8.59</td>
</tr>
</tbody>
</table>
<p>Schibsted invites to an <b>analyst and press conference</b> at Apotekergaten 10, Oslo, 30 April 2013 at 09.00 CET. The presentation will be transmitted live as a webcast on www.schibsted.com/ir.</p>
<p>A <b>conference call</b> with Q&amp;A linked to the Q1 2013 results will take place 30 April 2013 at 14:00 CET. Please dial in at the following numbers:</p>
<p>International: +44(0)20 7136 2051<br />
From Norway: 800 56054<br />
Conference code: 4563132</p>
<p><i>Contact person:</i><br />
Trond Berger, CFO. Tel: +47 916 86 695</p>
<p align="center">Oslo, 30 April 2013<br />
SCHIBSTED ASA</p>
<p align="center">Jo Christian Steigedal<br />
VP Investor Relations</p>
<p>&nbsp;</p>
<p>This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.</p>
<p>&nbsp;</p>
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		<title>Schibsted ASA (SCH) – Interim Financial Statement Q3 2011</title>
		<link>http://aimgroup.com/2012/01/10/schibsted-asa-sch-interim-financial-statement-q3-2011/</link>
		<comments>http://aimgroup.com/2012/01/10/schibsted-asa-sch-interim-financial-statement-q3-2011/#comments</comments>
		<pubDate>Tue, 10 Jan 2012 23:28:27 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
				<category><![CDATA[Africa]]></category>
		<category><![CDATA[Norway]]></category>
		<category><![CDATA[World news releases]]></category>

		<guid isPermaLink="false">http://figgynewton.com/aim/?p=23171</guid>
		<description><![CDATA[
    Published January 11, 2012 /Published: 07:00 CET 11-11-2011 /Thomson Reuters /Source: Schibsted /XOSL: SCH /ISIN: NO0003028904 / *Schibsted ASA (SCH) – Interim Financial Statement Q3 2011* *Today Schibsted ASA (SCH) released its Q3 2011 report, which shows operating revenues of NOK 3.4 billion, underlying an increase of 5 per cent compared to the same period in [...]]]></description>
	
    			<content:encoded><![CDATA[<h2></h2>
<div>Published January 11, 2012</div>
<div>
<p>/Published: 07:00 CET 11-11-2011 /Thomson Reuters /Source: Schibsted /XOSL: SCH /ISIN: NO0003028904 / *Schibsted ASA (SCH) – Interim Financial Statement Q3 2011*</p>
<p>*Today Schibsted ASA (SCH) released its Q3 2011 report, which shows operating revenues of NOK 3.4 billion, underlying an increase of 5 per cent compared to the same period in 2010. Advertising revenues contributed with a growth of 9 per cent. EBITDA in Q3 was NOK 531 million, compared to NOK 567 million in the same period in 2010.*</p>
<p>- Q3 2011 was a satisfactory quarter for Schibsted Media Group. Our Online Classifieds business continues to show good revenue and earnings growth in spite of higher in-vestment in rolling out business operations in new markets. Our Media Houses are showing slightly weaker earnings compared with very good results in Q3 last year, but they are still showing good overall margins, the structural decline of single copy sold newspapers taken into consideration. The new marketplaces we are launching online in Scandinavia are performing well, in particular thanks to good help from the strong online positions of our media houses and online classifieds businesses, CEO Rolv Erik Ryssdal says.</p>
<p>- In recent months, unrest in the world economy has had an impact on the performance of our most important advertising markets. Schibsted experienced a slight decline in the advertising revenues from print newspapers in Q3. The structural shift in the direction of digital media continues. We are continuing our efforts to reinforce our editorial and commercial products in combination with tight cost control. This work is even more important now in these uncertain times. In Q3 we announced measures that will entail an annual reduction in our costs in the range of NOK 190-210 million, Rolv Erik Ryssdal says.</p>
<p>- The established Online Classifieds businesses Finn, Blocket and Leboncoin continue to grow. Schibsted’s international expansion in the Online Classifieds area continues. Our Brazilian version of the Blocket concept is well underway. In Italy, Austria and Malaysia we are nearing the end of the investment phase and will soon be entering a profitable phase as market leaders, says CEO Rolv Erik Ryssdal.</p>
<p>&nbsp;</p>
<p>*Highlights in Q3 2011*</p>
<p>(Figures in brackets refer to the corresponding period in 2010.)</p>
<p>*Revenue growth and high margins in Q3*</p>
<p>* Underlying growth in operating revenues of 5 per cent. * Group EBITDA was NOK 531 million in Q3 2011 (NOK 567 million). * Adjusted for increased investments in Online Classifieds, EBITDA was NOK 575 million. * Advertising revenues rose underlying 9 per cent, driven primarily by an improvement in online operations. * Net interest-bearing debt remained stable compared to Q2 2011.</p>
<p>*Good earnings and online growth in media houses*</p>
<p>* Media Houses Scandinavia achieved underlying reve-nue growth of 1 per cent in Q3. The EBITDA margin was 13 per cent, which is considered to be a good result given the structural decline of single copy newspapers. * Declining circulation for single-copy sales newspapers partly compensated for by price increases and cost cuts. * Cost reductions with an annual effect of NOK 190-210 million for the Scandinavian newspaper operations de-cided. Effects to be realised during 2012 -2014, primarily in 2012. * Good revenue and earnings improvement for the online operations in the media houses. Online consumer services related to e-commerce and personal finance in Sweden showed particularly good growth. Corresponding concepts are being established in Norway.</p>
<p>*Strong growth and high margins for Online Classifieds*</p>
<p>* Underlying operating revenue growth of 18 per cent for Online Classifieds. * EBITDA growth of 33 per cent for established Schibsted Classified Media operations. * Stronger focus on growth in new markets for Schibsted Classified Media. Blocket concept introduced in additional new countries in Q3 2011, including Brazil. * Growth initiatives had an impact of NOK 117 million on the Q3 EBITDA. This is NOK 44 million more than in Q3 2010, primarily as a result of increased marketing. * Leboncoin.fr continues to show growth in traffic and revenues and is one of Europe’s largest online classifieds businesses. * Acquisition of the online classifieds market leader in Ireland DoneDeal.ie. * Subito.it in Italy and Willhaben.at in Austria have rein-forced their positions as market leaders, and break even is expected in Q4 2011.</p>
<p><a href="http://aimgroup.com/world/files/2012/01/schibsted_Q3_2011_rev.png"><img title="schibsted_Q3_2011_rev" src="http://aimgroup.com/world/files/2012/01/schibsted_Q3_2011_rev.png" alt="Schibsted Q3 2011 revenue" width="661" height="321" /></a></p>
<p>Schibsted invites to an *analyst and press conference* at Apotekergaten 10, Oslo, 11. november 201109.00 CET. The presentation will be transmitted live as a webcast on schibsted.com/ir.</p>
<p>A *conference call* with Q&amp;A linked to the Q3 2011 results will take place 11 November 2011 at 14:00 CET. Please dial in at the following numbers:</p>
<p>International: +44 (0)20 7136 2055</p>
<p>From Norway: 800 56053</p>
<p>Conference code: 4086001</p>
<p>//</p>
<p>/Contact person: /Trond Berger, CFO. Tel: +47 916 86 695</p>
<p>Oslo, 11 November 2011 SCHIBSTED ASA</p>
<p>Jo Christian Steigedal VP Investor Relations</p>
<p>This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.</p>
<p>3rd Quarter 2011 <a href="http://hugin.info/131/R/1563077/484466.pdf">http://hugin.info/131/R/1563077/484466.pdf</a> Presentation of 3rd Quarter 2011<a href="http://hugin.info/131/R/1563077/484467.pdf">http://hugin.info/131/R/1563077/484467.pdf</a> Financials and analytical info Q3 2011<a href="http://hugin.info/131/R/1563077/484468.xls">http://hugin.info/131/R/1563077/484468.xls</a></p>
<div></div>
</div>
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		<title>Finn.no wins “best app” award for mobile</title>
		<link>http://aimgroup.com/2011/11/27/finn-no-wins-best-app-award-for-mobile/</link>
		<comments>http://aimgroup.com/2011/11/27/finn-no-wins-best-app-award-for-mobile/#comments</comments>
		<pubDate>Sun, 27 Nov 2011 21:01:42 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
				<category><![CDATA[Norway]]></category>
		<category><![CDATA[World news releases]]></category>

		<guid isPermaLink="false">http://figgynewton.com/aim/?p=23397</guid>
		<description><![CDATA[
    Published November 27, 2011 FINN Torget –- WINS ‘Most Useful App of the Year’ Finn.no’s ad placement app has been awarded “Most Useful App of the Year” (Årets nytteapp) by the Norwegian mobile industry. “Gulltasten” is the Norwegian mobile industry’s mobile award ceremony, which also includes four application categories: App of the Year, Most Useful App [...]]]></description>
	
    			<content:encoded><![CDATA[<h2><span class="Apple-style-span" style="font-size: 13px; font-weight: normal;">Published November 27, 2011</span></h2>
<div>
<p>FINN Torget –- WINS ‘Most Useful App of the Year’</p>
<p>Finn.no’s ad placement app has been awarded “Most Useful App of the Year” (Årets nytteapp) by the Norwegian mobile industry.</p>
<p>“Gulltasten” is the Norwegian mobile industry’s mobile award ceremony, which also includes four application categories: App of the Year, Most Useful App of the Year, Entertainment App of the Year and Kids App of the Year. In fierce competition with other great apps it was FINN Torget (FINN Marketplace) for iPhone that won the award for Useful App of the Year.</p>
<p>- We are very pleased to receive this award, especially taken into consideration that this is our first app. We are very proud of our product and the fact that it beat solid competitors produced by pure app companies such as Apps AS and Shortcut, says Erlend Schei, System Developer at FINN.no.</p>
<p>Here’s the link to FINN Torget’s app .</p>
<p>The jury assessed the apps according to more than 20 criteria and Finn.no came out as number one.</p>
<p>- We are already working on an expanded version 2.0 of the app that will be launch around the turn of the year, with improved seamlessness and editing of advertisements. After that we will probably develop an Android version of the same app. We are inspired by the success that Blocket has had with similar apps in Sweden, says Erlend.</p>
<p>*Downloads*</p>
<p>Even though it’s considered a niche app Finn Torget’s app has already reached almost 80,000 downloads in App Store.</p>
<p>- We are especially pleased to see the increase in posted ads through the app, in spite of the seasonal decrease in desktop ads in November and December. So far roughly 2.5 percent of the Torget ads come from the app, but the potential is definitely there, says Erlend.</p>
<p>*Mobile in focus*</p>
<p>The Torget App is the first, but definitely not the last app from FINN.no. The Norwegian classifieds leader will place considerably focus on the mobil market in the near future. A search app for iPad will be launched in the first quarter of 2012, as a result of an exciting collaboration between the user experience, sales and development departments.</p>
<p>- The switch to new media platforms provides great possibilities for creating exciting and tailor-made user experiences. At the same time we are focusing a lot of combining desktop revenues with the tablet market, challenging both ourselves, the classifieds industry and the customers with brand new products, he explains.</p>
<div></div>
<p>&nbsp;</p>
</div>
]]></content:encoded>
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		<title>Schibsted Interim Financial Statement per 31.12.2010</title>
		<link>http://aimgroup.com/2011/02/23/schibsted-interim-financial-statement-per-31-12-2010/</link>
		<comments>http://aimgroup.com/2011/02/23/schibsted-interim-financial-statement-per-31-12-2010/#comments</comments>
		<pubDate>Wed, 23 Feb 2011 03:46:37 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
				<category><![CDATA[Norway]]></category>
		<category><![CDATA[World news releases]]></category>

		<guid isPermaLink="false">http://figgynewton.com/aim/?p=24663</guid>
		<description><![CDATA[
    /Published: 07:00 CET 18-02-2011 /Thomson Reuters /Source: Schibsted /XOSL: SCH /ISIN: NO0003028904 / *Schibsted ASA (SCH) – Interim Financial Statement per 31.12.2010* *Today Schibsted ASA (SCH) released its Q4 2010 report, which shows operating revenues of NOK 3.71 billion, underlying a growth of 5 per cent compared to the same period in 2009. Advertising revenues [...]]]></description>
	
    			<content:encoded><![CDATA[<p>/Published: 07:00 CET 18-02-2011 /Thomson Reuters /Source: Schibsted /XOSL: SCH /ISIN: NO0003028904 / *Schibsted ASA (SCH) – Interim Financial Statement per 31.12.2010*</p>
<p>*Today Schibsted ASA (SCH) released its Q4 2010 report, which shows operating revenues of NOK 3.71 billion, underlying a growth of 5 per cent compared to the same period in 2009. Advertising revenues contributed with a growth of 13 per cent. The operating profit (EBITA) in Q4 was NOK 424 million, a growth of 22 per cent compared to the same period in 2009.*</p>
<p>- I am very pleased that Schibsted Media Group for the sixth consecutive quarter can present a growth in quarterly result compared to the same period in the previous year. It is our best Q4 ever, CEO Rolv Erik Ryssdal says.</p>
<p>- Together, we have managed to improve our products and strengthen the positions of our media houses and online classifieds operations. This has contributed to a growth in revenue. At the same time, we have benefited from improved advertising markets, especially in Norway and Sweden, Ryssdal says.</p>
<p>Schibsted Media Group has during Q4 2010 completed the acquisition of French online operations Leboncoin.fr and initiated the process of a merger with Media Norge.</p>
<p>- These initiatives help to strengthen Schibsted’s foundation for innovation and growth. In this way, we contribute to good value creation for our owners and to safe and interesting jobs for our employees. We have through these moves strengthened both our strategic pillars Media Houses and Online classifieds, Rolv Erik Ryssdal says.</p>
<p>- We are continuing to make efforts to adapt in a changing media sector. It is strong growth both in terms of traffic and revenues for our Online classifieds. At the same time, single-copy newspaper sales are experiencing a significant transition from print editions to digital products such as tablets and mobile phones. It will be important to find new models for user payment online, says Rolv Erik Ryssdal, CEO of Schibsted Media Group.</p>
<p>Highlights in Q4 2010</p>
<p>(Figures in brackets refer to the corresponding period in 2009.)</p>
<p>**</p>
<p>*Improved results in Q4*</p>
<p>·The Group made an operating profit (EBITA) of NOK 424 million (348 million) in Q4 2010.</p>
<p>·Operating margin (EBITA) of 11 per cent (10%). Some non-recurring costs had a negative effect on the margin. The relocation to new premises in Sweden and weak performance in Hitta.se are examples of these.</p>
<p>·Increased investment in the roll-out of online classifieds and continued product development in established operations such as Finn.no.</p>
<p>·Underlying growth in operating revenues of 5 per cent.</p>
<p>·Underlying growth in advertising revenues of 13 per cent driven by progress in the online operations and in most of the print categories in Scandinavia.</p>
<p>*Growth and improved margins for Media houses *</p>
<p>·Underlying revenue growth of 2 per cent in Media Houses Scandinavia in Q4.</p>
<p>·The Media Houses Scandinavia EBITA margin rose from 8 to 9 per cent, driven by cost cuts, stronger positions, especially online, and improved advertising markets.</p>
<p>·Merger agreement with Media Norge in place. The merger is planned to be implemented on 13 May 2011.</p>
<p>*Strong growth and improved margins for Online Classifieds. Continued rapid roll-out in new markets *</p>
<p>·Underlying growth of 23 per cent in the Schibsted Media Group’s Online Classifieds operating revenues in Q4. The growth comes from both established markets and the portfolio of newly created classifieds websites.</p>
<p>·Growth of 32 per cent in the operating profit (EBITDA) of established Schibsted Classified Media operations.</p>
<p>·Schibsted Media Group is maintaining a rapid roll-out rate in new markets and this weighed on the operating profit by NOK 68 million in Q4, NOK 32 million more than in Q4 2009.</p>
<p>·At the end of November 2010, Schibsted Media Group acquired 50 per cent of the shares in Leboncoin.fr, and consequently now owns 100 per cent of one of Europe’s largest online classifieds companies.</p>
<p>·Schibsted Media Group has completed a profitability programme with an accumulated effect of NOK 1.7 billion. In Q4 2010 alone, the effect was NOK 100 million.</p>
<p>·Dividend for 2010 of NOK 3.00 per share proposed.</p>
<p>·A diversified loan portfolio has been established through refinancing bank loans and issuing bonds.</p>
<table width="543" border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td valign="bottom" width="65">Q4</td>
<td valign="bottom" width="65">Q4</td>
<td valign="bottom" width="281"></td>
<td colspan="2" valign="bottom" width="131">Full year</td>
</tr>
<tr>
<td valign="bottom" width="65">2009</td>
<td valign="bottom" width="65">2010</td>
<td valign="bottom" width="281">(MNOK)</td>
<td valign="bottom" width="65">2010</td>
<td valign="bottom" width="65">2009</td>
</tr>
<tr>
<td valign="bottom" width="65"><strong>3 566</strong></td>
<td valign="bottom" width="65"><strong>3 707</strong></td>
<td valign="bottom" width="281"><strong>Operating revenues</strong></td>
<td valign="bottom" width="65"><strong> 13 768</strong></td>
<td valign="bottom" width="65"><strong> 12 745</strong></td>
</tr>
<tr>
<td valign="bottom" width="65">541</td>
<td valign="bottom" width="65">562</td>
<td valign="bottom" width="281">EBITDA</td>
<td valign="bottom" width="65">2 199</td>
<td valign="bottom" width="65">1 494</td>
</tr>
<tr>
<td valign="bottom" width="65">348</td>
<td valign="bottom" width="65">424</td>
<td valign="bottom" width="281">EBITA<sup> 1)</sup></td>
<td valign="bottom" width="65">1 611</td>
<td valign="bottom" width="65">832</td>
</tr>
<tr>
<td valign="bottom" width="65"><strong> 168</strong></td>
<td valign="bottom" width="65"><strong>1 842</strong></td>
<td valign="bottom" width="281"><strong>Profit (loss) before taxes</strong></td>
<td valign="bottom" width="65"><strong> 3 399</strong></td>
<td valign="bottom" width="65"><strong> 279</strong></td>
</tr>
<tr>
<td valign="bottom" width="65">0,62</td>
<td valign="bottom" width="65">16,72</td>
<td valign="bottom" width="281">Earnings per share (EPS)</td>
<td valign="bottom" width="65">27,04</td>
<td valign="bottom" width="65">4,74</td>
</tr>
<tr>
<td valign="bottom" width="65">1,51</td>
<td valign="bottom" width="65">2,61</td>
<td valign="bottom" width="281">Adjusted Earnings per share (EPS)</td>
<td valign="bottom" width="65">9,72</td>
<td valign="bottom" width="65">4,42</td>
</tr>
<tr>
<td valign="bottom" width="65"></td>
<td valign="bottom" width="65"></td>
<td valign="bottom" width="281"></td>
<td valign="bottom" width="65"></td>
<td valign="bottom" width="65"></td>
</tr>
<tr>
<td valign="bottom" width="65">CAPEX</td>
<td valign="bottom" width="65"></td>
<td valign="bottom" width="281"></td>
<td valign="bottom" width="65">427</td>
<td valign="bottom" width="65">390</td>
</tr>
<tr>
<td colspan="3" valign="bottom" width="412">Cash flow from operations per share (NOK)</td>
<td valign="bottom" width="65">19,74</td>
<td valign="bottom" width="65">19,34</td>
</tr>
<tr>
<td colspan="3" valign="bottom" width="412">Net interest bearing debt (NIBD)</td>
<td valign="bottom" width="65">1 820</td>
<td valign="bottom" width="65">2 554</td>
</tr>
<tr>
<td colspan="3" valign="bottom" width="412">Net interest bearing debt/EBITDA last 12 months</td>
<td valign="bottom" width="65">0,8</td>
<td valign="bottom" width="65">1,7</td>
</tr>
<tr>
<td colspan="2" valign="bottom" width="131">Equity share</td>
<td valign="bottom" width="281"></td>
<td valign="bottom" width="65">42,4 %</td>
<td valign="bottom" width="65">34,7 %</td>
</tr>
</tbody>
</table>
<p><em><sup>1) </sup></em><em>Operating profit before impairment loss and other revenues and expenses.</em></p>
<p>/^1) //Operating profit before impairment loss and other revenues and expenses./</p>
<p>/Contact person: /Trond Berger, CFO. Tel: +47 916 86 695</p>
<p>Oslo, 18 February 2011 SCHIBSTED ASA</p>
<p>Jo Christian Steigedal VP Investor Relations</p>
<p>This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.</p>
<p>4th Quarter 2010 <a href="http://hugin.info/131/R/1490353/425937.pdf">http://hugin.info/131/R/1490353/425937.pdf</a> Presentation of 4th quarter 2010 <a href="http://hugin.info/131/R/1490353/425938.pdf">http://hugin.info/131/R/1490353/425938.pdf</a> Financial and analytical information Q4 2010 <a href="http://hugin.info/131/R/1490353/425939.xls">http://hugin.info/131/R/1490353/425939.xls</a></p>
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		<title>Board approval of merger between Schibsted and Media Norge</title>
		<link>http://aimgroup.com/2011/02/11/board-approval-of-merger-between-schibsted-and-media-norge/</link>
		<comments>http://aimgroup.com/2011/02/11/board-approval-of-merger-between-schibsted-and-media-norge/#comments</comments>
		<pubDate>Fri, 11 Feb 2011 03:27:32 +0000</pubDate>
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				<category><![CDATA[Norway]]></category>
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		<description><![CDATA[
    *SCHIBSTED : ASA (SCH) – Board approval of merger between Schibsted and Media Norge* 02/09/2011 &#124; 02:05 am The Board of Directors of Schibsted and Media Norge have approved a merger plan that outlines the terms for the merger between Schibsted and Media Norge. The negotiated agreement secures the editorial platform for Media Norge, and [...]]]></description>
	
    			<content:encoded><![CDATA[<p>*SCHIBSTED : ASA (SCH) – Board approval of merger between Schibsted and Media Norge*</p>
<p>02/09/2011 | 02:05 am</p>
<p>The Board of Directors of Schibsted and Media Norge have approved a merger plan that outlines the terms for the merger between Schibsted and Media Norge. The negotiated agreement secures the editorial platform for Media Norge, and supports the Group’s strategic ambitions.</p>
<p>- Since 11 January we have worked to construct the fundament for the merger between Schibsted and Media Norge. I am happy that the negotiations between the two companies have succeeded, and that we have reached a solution we think is good for both parties. We strongly believe in the future both for the media houses and for Finn.no. This means that is strategically vital for Schibsted Media Group to carry out this merger, CEO of Schibsted Media Group Rolv Erik Ryssdal says.</p>
<p>The merger plan establishes that the structure with a parent company for the media houses Aftenposten, Bergens Tidende, Stavanger Aftenblad and Fædrelandsvennen, as well as for Finn.no will be maintained. The Group management and Board of Directors of Media Norge will be unchanged. “New Media Norge” will be fully owned by Schibsted ASA.</p>
<p>When the Media Norge Group was formed in 2009, an editorial platform and common strategic ambitions were established. The merger plan states that this will be maintained. It is also established that the fundament of the Media Norge group will be strong regional Media Houses. The group should contribute to free up resources to strengthen the media houses’ effectiveness and singularity, to develop the total content offering and to contribute to increased quality. At the same time, for instance establishing of new areas of collaboration must be accepted by the Editors-in-Chief of the media houses. The merger will have no practical consequences for the employees.</p>
<p>*Transaction details* · The merger plan establishes that the existing company Media Norge ASA will be merged with the company Nye Media Norge AS, 100 per cent held by Schibsted. · The exchange rate builds on a valuation of NOK 72.50 per Media Norge share, and that each share in Schibsted is valued at NOK 171.35. This values the equity of Media Norge at NOK 7.25 billion. · For the minority shareholder of Media Norge, the settlement of the merger will be through two thirds shares in Schibsted ASA and one third cash. One share in Media Norge gives 0.2821 shares in Schibsted. In addition, the minority shareholders of Media Norge will receive NOK 24.17 in cash per Media Norge share. The cash amount will earn interest of 3 per cent pro annum from 10 January 2011 until the merger is closed.</p>
<p>*Process and timeline* · The merger must be resolved at an extraordinary general meeting in Media Norge ASA. The Board of Directors will call for a general meeting to finally resolve the merger. The intention is to hold a general meeting on 10 March 2011.* · Schibsted owns 85.9 per cent of the shares in Media Norge, but can only vote for 50.1 per cent. Shareholders controlling 6.66 per cent of the shares and 23.5 per cent of the votes at a general meeting have pre accepted a merger based on the valuation NOK 72.50 per share.* · If the merger is approved at the general meeting, a creditor notification period will run for two months. This implies that the merger can be carried by 13 May 2011.**</p>
<p>***/Contact persons:/ Rolv Erik Ryssdal, CEO. Tel: +47 916 00 200 Trond Berger, CFO. Tel: +47 916 86 695***</p>
<p>***Oslo, 9 February 2011 SCHIBSTED ASA***</p>
<p>******</p>
<p>******</p>
<p>******</p>
<p>***Jo Christian Steigedal Vice president IR***</p>
<p>******</p>
<p>******</p>
<p>***This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.</p>
<p>The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.</p>
<p>Source: Schibsted via Thomson Reuters ONE***</p>
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