Naspers peace deal boosts Schibsted profit

08 May 2015
Not only did the Naspers peace deal enable Schibsted to reduce its organic investment in new online classified sites, but it also meant that Schibsted could take home a nice windfall of NOK 450 million related to the Schibsted deal, and the transactions with Naspers, Telenor and Singapore Press Holdings. The profit before taxes in Q1 lifted to NOK 846 million ($114 million U.S.), from NOK 110 m


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Lars Herlin

Lars Herlin is an AIM Group senior analyst for Europe, and our expert on Schibsted. He had a long career in journalism at Expressen, Svenska Dagbladet and VeckansAffärer, and served as managing editor and later managing director of Gotlands Allehanda.