Schibsted’s new ventures hit rough patch

13 Feb 2013

Oslo-listed Schibsted Media Group (SMG) today released solid results for its online classifieds business in FY2012, despite the fact that its new ventures hit a rough patch. SMG’s subsidiary Schibsted Classified Media (home to its classifieds portals) grew revenue by 21 percent from €264 million ($356 million U.S.) in FY2011 to €319 million in FY2012 (see table).

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.