Vend Marketplaces ASA

Schibsted ASA (SCHA/SCHB) - Schibsted Marketplaces advances its simplification efforts

23.10.2024 08:55:00 CEST | Schibsted | Non-regulatory press releases

Schibsted ASA ("Schibsted" or "Schibsted Marketplaces") today announced ongoing

efforts to simplify its portfolio by exiting operations that are not considered

core.

Consequently, the company will initiate processes to exit the comparison service

Lendo Group (Lendo, Compricer, Mybanker), e-commerce price comparison service

Prisjakt, its skilled trades marketplaces (Mittanbud, Servicefinder, Remppatori,

and 3byggetilbud.dk - http://3byggetilbud.dk), as well as the Jobs marketplaces

in Sweden and Finland. Schibsted Marketplaces also plans to divest a majority of

its venture portfolio.

Christian Printzell Halvorsen, CEO of Schibsted Marketplaces, comments: "When I

took over as CEO, I committed to simplifying our organisation and sharpening our

focus. The actions we've announced today are decisive steps in that direction,

significantly contributing to our ongoing journey of streamlining our

organisation and our portfolio. We have a tremendous opportunity to build on our

strong market positions, and these steps will enable us to concentrate on our

four verticals, where we see the greatest potential for growth and long-term

value creation. We expect to initiate sales processes for these entities in the

next 9 months."

Within the Jobs vertical, Schibsted Marketplaces will focus on strengthening its

leading position in Norway. As part of this focus, Schibsted Marketplaces will

close Blocket Jobs and JobbSafari in Sweden, and is exploring options for

exiting its Finnish job marketplace, Oikotie Jobs.

As the next steps, the company will present an update on the strategic and

financial objectives at the Capital Markets Day on 19 November, focusing on

growth and value creation.

Oslo, 23 October 2024

SCHIBSTED ASA

CONTACTS

* Kristine Eia Kirkholm, Director of Communication, +47 932 47 875,

* Malin Ebenfelt, Investor Relations Officer, +47 916 86 710, [email protected]

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847482/18293410/5147/Download%20announce

ment%20as%20PDF.pdf

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