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Vend Marketplaces ASA

Earnings Release Feb 13, 2020

3738_rns_2020-02-13_3d23390c-93d1-4247-8d93-93050bac6dd1.pdf

Earnings Release

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Financials and analytical info as of Q4 2019

    1. Profit loss statement
    1. Balance sheet
    1. Cash flow
    1. Segment overview
    1. Nordic Marketplaces
    1. News Media
    1. Financial Services
    1. Growth

For details on Adevinta, please refer to Adevinta's Q4 reporting on adevinta.com/ir

For questions, please contact Schibsted IR:

Jann-Boje Meinecke, Head of IR [email protected] Mobile: +47 941 00 835

schibsted.com/ir

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9
ing
ing
rre
n
es
ar
rro
s
w
Inc
tax
b
le
om
e
a
1
3
9
6
4
5
7
5
6
1
3
9
7
5
6
9
5
5
3
6
7
1
3
8
0
3
1
1,
5
2
4
1,
4
3
3
1,
2
3
4
p
ay
Cu
t
lea
l
ia
b
i
l
i
t
ies
rre
n
se
8
3
8
1
4
0
6
3
5
3
5
2
O
t
he
t
l
ia
b
i
l
i
t
ies
r c
urr
en
-
9
4,
8
4
-
6
4,
8
7
-
0
4,
9
3
-
5
5,
3
4
-
4
5,
0
8
-
4
4,
9
3
-
1
4,
7
9
-
0
5,
6
6
6
4,
4
0
4
4,
4
0
8
4,
3
4
4,
7
6
9
L
ia
b
i
l
i
t
ies
he
l
d
for
le
sa
- - - - - - - - - - - 1
3
8
Cu
t
l
ia
b
i
l
i
t
ies
rre
n
8
5,
2
6
8
5,
9
5
4
6,
1
2
4
5,
7
6
0
5,
9
8
0
5,
8
6
5
5,
8
2
0
6,
4
3
1
5,
1
9
8
6,
1
2
8
6,
1
1
6,
5
8
2
To
ta
l e
i
ty
d
l
ia
b
i
l
i
t
ies
q
u
an
7
2
0,
7
4
4
2
5,
9
7
0
2
5,
8
6
7
2
7,
6
1
5
2
6,
9
9
2
2
6,
0
9
3
2
6,
3
1
5
2
7,
3
2
9
2
7,
4
8
5
3
1,
7
1
4
3
2,
3
7
3
2,
7
7
8
NO
K m
illio
n
C
O
N
D
E
N
S
E
D
C
O
N
S
O
L
I
D
A
T
E
D
S
T
A
T
E
M
E
N
T
O
F
C
A
S
H
F
O
W
S
L
31.
03
201
7
30
.06
20
17
30
.09
20
17
31
.12
20
17
31
.03
20
18
30
.06
20
18
30
.09
20
18
31
.12
20
18
31
.03
20
19
30
.06
20
19
30
.09
20
19
31
.12
20
19
Pro
fit (
los
s)
bef
tax
ore
es
952 216
1,
730
2,
144
3,
389 982 634
1,
681
1,
514 081
1,
721
1,
1,
948
Ga
of
in o
ent
in
bus
ine
bin
atio
ach
iev
ed
in s
tag
and
ent
n re
me
asu
rem
ss
com
ns
es
re
me
asu
rem
ting
ent
nsi
der
atio
con
co
n
- - - - - - - - - - - -
De
cia
tion
ort
isa
tion
d im
irm
ent
los
pre
, am
an
pa
ses
145 309 470 685 177 477 658 479
1,
328 636 932 1,
537
Ne
t ef
fec
nsi
liab
ilitie
t pe
on
s
(
87)
(
74)
77)
(
91)
(
70)
(
66)
(
54)
(
90)
(
65)
(
51)
(
56)
(
(
84)
Sh
of
s (p
rofi
t) o
f jo
f di
los
int
ture
nd
oci
ate
et o
vid
end
cei
ved
are
ven
s a
ass
s, n
s re
58 87 102 134 6 1 15 20)
(
21)
(
62 72 40
Tax
id
es
pa
(
178
)
(
525
)
)
(
678
)
(
828
)
(
194
1)
(
41
)
(
599
)
(
941
)
(
301
)
(
597
)
(
779
(
978
)
Sa
les
los
(g
ain
s) n
nd
oth
sh
los
(g
ain
s)
t as
set
ses
on-
cur
ren
s a
er
non
-ca
ses
- )
(
1,
310
)
(
1,
547
)
(
1,
697
7)
(
7)
(
20)
(
23)
(
1 2 2)
(
(
1)
Ch
e in
rkin
ital
d p
isio
ang
wo
g c
ap
an
rov
ns
6 88)
(
46)
(
57)
(
33 90)
(
)
(
184
)
(
304
323 132 196 382
Ne
t ca
sh
flo
w f
tin
ctiv
itie
rom
op
era
g a
s
159 351 954 290
1,
335 885 451
1,
781
1,
778 265
1,
085
2,
2,
844
Ne
t ca
sh
flow
fro
m i
stin
ctiv
itie
nve
g a
s
)
(
675
)
(
4,
161
)
(
4,
144
)
(
4,
546
)
(
158
)
(
370
)
(
596
)
(
953
1)
(
49
)
(
867
)
(
1,
144
(
2,
244
)
Ne
sh
flow
be
for
e fi
cin
ctiv
itie
t ca
nan
g a
s
)
(
516
)
(
3,
811
)
(
3,
190
)
(
3,
256
177 515 855 828 287 398 941 600
flow
fro
m f
Ne
t ca
sh
ina
nci
act
ivit
ies
ng
6)
(
018
3,
704
2,
558
3,
15 )
(
436
)
(
477
)
(
608
)
(
1,
387
352
2,
626
1,
1,
429
Eff
ect
of
han
rate
ch
h a
nd
h e
iva
len
ts
exc
ge
ang
es
on
cas
cas
qu
4 18 1 55 13)
(
18)
(
30)
(
2)
(
16)
(
16)
(
7)
(
(
7)
Ne
t in
(
dec
se)
in
h a
nd
h e
iva
len
ts
cre
ase
rea
cas
cas
qu
)
(
518
)
(
774
)
(
486
357 179 62 348 218 )
(
1,
116
734
2,
560
2,
2,
022
Ca
of p
sh
and
sh
iva
len
ts a
t st
art
erio
d
ca
equ
1,
268
1,
268
268
1,
268
1,
626
1,
626
1,
626
1,
626
1,
844
1,
844
1,
844
1,
1,
844
Ca
of
sh
and
sh
uiv
ale
nts
at
end
rio
d
ca
eq
pe
1
75
495 783 626
1,
805
1,
688
1,
974
1,
844
1,
727 578
4,
403
4,
3,
866
NO
K m
illio
n
1 q
ter
uar
2 q
ter
uar
3 q
ter
uar
4 q
ter
uar
1 q
ter
uar
2 q
ter
uar
3 q
ter
uar
4 q
ter
uar
1 q
ter
uar
2 q
ter
uar
3 q
ter
uar
4 q
ter
uar
Ful
l ye
ar
Ful
l ye
ar
Ful
l ye
ar
201
7
201
7
201
7
201
7
201
8
201
8
201
8
201
8
201
9
201
9
201
9
201
9
SC
HIB
STE
D G
RO
UP
201
9
201
8
201
7
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
Op
ting
era
rev
enu
es
632 722 683 665 651 771 707 714 722 813 769 758 Nor
dic
Ma
rke
tpla
ces
62
3,0
43
2,8
2,7
02
1,88
0
1,98
6
8
1,87
10
2,0
7
1,89
7
1,95
4
1,83
45
2,0
5
1,85
11
1,9
4
1,75
4
1,94
New
s M
edia
65
7,4
33
7,7
7,7
54
195 215 248 235 255 246 261 249 273 245 275 260 Fina
ncia
l Se
rvic
es
54
1,0
11
1,0
893
471 495 460 509 479 481 463 542 503 510 517 635 Gro
wth
65
2,1
6
1,96
1,93
4
110 122 158 179 178 179 173 184 192 208 191 206 Oth
er/H
ead
rter
qua
s
797 714 569
(35
6)
(38
0)
4)
(41
7)
(42
3)
(42
4)
(44
0)
(43
9)
(45
7)
(45
2)
(47
5)
(47
7)
(48
Elim
inat
ions
wit
hin
Sch
ibst
ed
l. A
dev
inta
exc
90)
(1,8
56)
(1,7
(1,5
77)
2,9
32
3,1
59
13
3,0
71
3,1
37
3,0
91
3,1
08
3,0
3,2
75
89
3,0
16
3,2
32
3,0
16
3,3
Sch
ibs
ted
cl.
Ad
evi
nta
ex
653
12,
511
12,
12,2
75
1,0
81
1,1
99
71
1,1
16
1,3
51
1,3
38
1,4
81
1,3
94
1,4
5
1,54
50
1,6
4
1,62
4
1,84
Ad
evi
nta
64
6,6
65
5,6
4,7
67
(13 )
(31
)
)
(24
)
(32
)
(31
)
(27
)
(32
)
(27
)
(58
)
(68
)
(56
)
(60
Elim
inat
ions
be
twe
Sch
ibst
ed
and
Ad
evin
ta
en
2)
(24
7)
(11
(99
)
4,0
00
4,3
27
61
4,1
55
4,4
57
4,3
02
4,6
58
4,3
42
4,7
76
4,5
98
4,7
00
4,6
01
5,1
Sch
ibs
ted
Gr
oup
075
19,
059
18,
16,
943
EB
ITD
A
239 285 334 278 268 360 345 294 321 390 387 323 Nor
dic
Ma
rke
tpla
ces
21
1,4
7
1,26
1,13
5
151 212 206 191 112 170 186 214 150 229 196 185 New
s M
edia
760 682 759
57 64 97 84 91 85 88 63 57 29 51 33 l Se
Fina
ncia
rvic
es
170 327 302
26 22 40 28 12 30 23 34 12 27 22 63 Gro
wth
124 99 115
(15
9)
(15
4)
0)
(15
4)
(16
7)
(14
7)
(12
2)
(13
0)
(13
3)
(12
8)
(11
4)
(11
4)
(14
Oth
er/H
ead
rter
qua
s
9)
(49
5)
(53
(62
7)
313 428 526 416 336 518 511 476 418 557 542 460 Sch
ibs
ted
cl.
Ad
evi
nta
ex
77
1,9
0
1,84
1,6
84
120 267 257 279 275 377 354 421 438 503 503 485 Ad
evi
nta
29
1,9
7
1,42
922
434 694 783 695 610 895 865 897 856 60
1,0
5
1,04
944 Sch
ibs
ted
Gr
oup
06
3,9
68
3,2
2,6
06
NO
K m
illion
1 qu
arte
r
2 q
uart
er
3 q
uart
er
4 q
uart
er
1 q
uart
er
2 q
uart
er
3 q
uart
er
4 q
uart
er
1 q
uart
er
2 q
uart
er
3 q
uart
er
4 q
uart
er
Full
yea
r
Ful
l ye
ar
Ful
l ye
ar
201
7
201
7
201
7
201
7
201
8
201
8
201
8
201
8
201
9
201
9
201
9
201
9
Nor
dic
Mar
ketp
lace
s
201
9
201
8
201
7
rest
ated
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
rest
ated
tate
d
res
Nor
dic
Mar
ketp
lace
tal
s to
632 722 683 665 651 771 707 714 722 813 769 758 Ope
ratin
g re
ven
ues
62
3,0
3
2,84
2,70
2
3% 7% 3% 7% 11% 5% 9% 6% YO
Y re
th
ven
ue g
row
8% 5% 9%
(393
)
(437
)
)
(349
)
(388
)
(383
)
(412
)
(362
)
(420
)
(400
)
(424
)
(383
)
(435
Ope
ratin
g ex
pen
ses
41)
(1,6
76)
(1,5
(1,5
67)
239 285 334 278 268 360 345 294 321 390 387 323 EBI
TDA
21
1,4
7
1,26
1,13
5
38% 39% 49% 42% 41% 47% 49% 41% 45% 48% 50% 43% EB
ITD
A-m
in
arg
46% 45% 42%
Mar
ketp
lace
s N
orw
ay
392 435 409 393 408 503 456 459 480 540 505 486 Ope
ratin
g re
ven
ues
12
2,0
6
1,82
1,62
8
4% 16% 11% 17% 18% 7% 11% 6% YO
Y re
th
ven
ue g
row
10% 12% 12%
(238
)
(242
)
)
(218
)
(243
)
(236
)
(268
)
(236
)
(273
)
(258
)
(269
)
(238
)
(265
Ope
ratin
g ex
pen
ses
30)
(1,0
13)
(1,0
(940
)
154 193 191 150 172 235 220 186 222 271 266 222 EBI
TDA
981 813 688
39% 44% 47% 38% 42% 47% 48% 41% 46% 50% 53% 46% EB
ITD
A-m
in
arg
49% 45% 42%
Mar
ketp
lace
s S
wed
en
229 268 256 249 221 244 230 230 218 245 240 248 Ope
ratin
g re
ven
ues
951 925 1,00
2
-6% -5% -5% -3% 2% 1% 4% 6% YO
Y re
th (
in S
EK)
ven
ue g
row
3% -5% 3%
(105
)
(120
)
)
(102
)
(116
)
(119
)
(116
)
(100
)
(120
)
(118
)
(129
)
(122
)
(148
Ope
ratin
g ex
pen
ses
8)
(51
)
(456
(443
)
124 148 154 133 101 128 130 110 100 115 118 100 EBI
TDA
433 469 559
54% 55% 60% 54% 46% 53% 56% 48% 46% 47% 49% 40% EB
ITD
A-m
in
arg
46% 51% 56%
Oth
er N
ord
ic M
ark
lace
12 19 18 23 22 25 21 24 23 28 25 23 s (1
)
etp
Ope
ratin
ven
ues
100 92 71
85% 32% 16% 6% 8% 14% 19% -5% g re
YO
Y re
th
ven
row
9% 28% 48%
(75) (50) (29) (29) (27) (28) (25) (26) (25) (25) (22) (22) ue g
Ope
ratin
ses
)
(93
)
(107
(183
)
(57) (39) (11) (5) (6) (4) (4) (2) (1) 3 3 1 g ex
pen
EBI
TDA
6 (15) (112
)
-33
0%
-30
2%
-63
%
-24
%
-27
%
-15
%
-20
%
-7% -6% 12% 11% 6% EB
ITD
A-m
in
6% -17
%
-15
7%
arg

(1) Other Nordic Marketplaces include Tori, Shpock Norway/Sweden and eliminations

0.94
53
0.96
74
82
0.97
12
0.98
65
0.96
46
0.92
05
0.92
39
0.93
52
0.93
153
0.9
37
0.92
0.94
81
SEK
/NO
K
0.93
06
0.93
64
0.96
80
Mar
ketp
lace
s S
wed
en
in S
EK
242 277 262 254 229 264 250 246 233 267 260 262 Ope
ratin
g re
ven
ues
22
1,0
987 1,03
5
-6% -5% -5% -3% 2% 1% 4% 6% YO
Y re
th
ven
ue g
row
3% -5% 3%
(11
1)
(124
)
)
(105
)
(118
)
(124
)
(125
)
(109
)
(129
)
(126
1)
(14
)
(132
)
(157
Ope
ratin
g ex
pen
ses
6)
(55
)
(487
(458
)
131 153 157 136 105 139 141 117 107 126 127 105 EBI
TDA
466 501 577
54% 55% 60% 54% 46% 53% 56% 48% 46% 47% 49% 40% EB
ITD
A-m
in
arg
46% 51% 56%
NO
K m
illion
1 qu
arte
r
2 q
uart
er
3 q
uart
er
4 q
uart
er
1 q
uart
er
2 q
uart
er
3 q
uart
er
4 q
uart
er
1 q
uart
er
2 q
uart
er
3 q
uart
er
4 q
uart
er
Full
yea
r
Ful
l ye
ar
Ful
l ye
ar
201
7
201
7
201
7
201
7
201
8
201
8
201
8
201
8
201
9
201
9
201
9
201
9
New
s M
edi
a
201
9
201
8
201
7
rest
ated
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
rest
ated
tate
d
res
New
s M
edi
tal
a to
1,88
0
1,98
6
8
1,87
10
2,0
7
1,89
7
1,95
4
1,83
5
2,04
5
1,85
1
1,91
4
1,75
4
1,94
Ope
ratin
g re
ven
ues
65
7,4
3
7,73
7,75
4
1% -1% -2% 2% -2% -2% -4% -5% YO
Y re
th
ven
ue g
row
-3% 0% -5%
(1,7
30)
(1,7
74)
72)
(1,6
19)
(1,8
85)
(1,7
87)
(1,7
48)
(1,6
31)
(1,8
05)
(1,7
83)
(1,6
59)
(1,5
59)
(1,7
Ope
ratin
g ex
pen
ses
05)
(6,7
51)
(7,0
(6,9
95)
151 212 206 191 112 170 186 214 150 229 196 185 EBI
TDA
760 682 759
8% 11% 11% 9% 6% 9% 10% 10% 8% 12% 11% 10% EB
ITD
A-m
in
arg
10% 9% 10%
431 439 428 447 443 459 443 493 430 468 418 477 VG
ratin
93 9
Ope
g re
ven
ues
1,7 1,83 1,74
6
3% 5% 4% 10% -3% 2% -6% -3% YO
Y re
th
ven
ue g
row
-3% 5% 3%
(343
)
(352
)
1)
(34
)
(372
)
(363
)
(377
)
(349
)
(419
)
(372
)
(379
)
(354
)
(395
Ope
ratin
g ex
pen
ses
00)
(1,5
09)
(1,5
(1,4
07)
88 87 87 76 80 82 94 75 57 89 64 82 EBI
TDA
293 331 339
21% 20% 20% 17% 18% 18% 21% 15% 13% 19% 15% 17% EB
ITD
A-m
in
arg
16% 18% 19%
Afto
nbl
ade
t
419 470 457 484 415 434 392 438 378 367 347 383 Ope
ratin
ven
ues
75
1,4
8
1,67
1,83
0
-3% -3% -9% -5% -6% -14
%
-12
%
-14
%
g re
YO
Y re
th (
in S
EK)
ven
row
-12
%
-5% -3%
(387
)
(400
)
1)
(39
1)
(39
)
(379
1)
(38
)
(370
)
(357
)
(342
)
(340
)
(326
)
(359
ue g
Ope
ratin
ses
67)
(1,3
87)
(1,4
(1,5
68)
32 70 67 93 35 53 22 81 36 27 21 24 g ex
pen
EBI
TDA
108 190 262
8% 15% 15% 19% 9% 12% 6% 18% 10% 7% 6% 6% EB
ITD
A-m
in
arg
7% 11% 14%
Sub
ipti
New
scr
on
spa
per
s
867 902 837 919 859 886 825 914 862 892 830 913 Ope
ratin
g re
ven
ues
96
3,4
4
3,48
3,52
5
-1% -2% -1% -1% 0% 1% 1% 0% YO
Y re
th
ven
ue g
row
0% -1% -5%
(826
)
(819
)
)
(774
)
(853
)
(828
)
(825
)
(750
)
(839
)
(812
)
(793
)
(743
)
(839
Ope
ratin
g ex
pen
ses
87)
(3,1
43)
(3,2
(3,2
72)
41 83 62 67 30 61 75 75 49 99 87 74 EBI
TDA
309 242 253
5% 9% 7% 7% 4% 7% 9% 8% 6% 11% 10% 8% EB
ITD
A-m
in
arg
9% 7% 7%
Oth
er N
Me
dia
(1)
ews
163 175 157 159 180 178 174 200 186 184 159 172 Ope
ratin
g re
ven
ues
701 732 654
10% 2% 11% 26% 3% 3% -8% -14
%
YO
Y re
th
ven
ue g
row
-4% 12% -19
%
(175
)
(204
)
)
(167
)
(204
)
(214
)
(203
)
(179
)
(216
)
(179
)
(170
)
(135
)
(166
Ope
ratin
g ex
pen
ses
0)
(65
)
(812
(749
)
(29) (11) (10) (45) (34) (25) (5) (16) 7 13 24 5 EBI
TDA
50 (80) (95)
-7% -16
%
-6% -28
%
-19
%
-14
%
-3% -8% 4% 7% 15% 3% EB
ITD
A-m
in
arg
7% -11
%
-15
%
(1)
Oth
HQ
, Sh
er N
Me
dia
incl
ude
Pri
nt, N
Me
dia
ews
ews
Se
ared
rvic
nd e
limin
es a
atio
ns
0.94 53
0.96
74 82
0.97
12
0.98
65
0.96
46
0.92
05
0.92
39
0.93
52
0.93
153
0.9
37
0.92
0.94
81
SEK
/NO
K
0.93
06
0.93
64
0.96
80
Afto
nbl
ade
t in
SE
K
443 486 467 493 429 469 425 469 405 401 375 404 Ope
ratin
g re
ven
ues
85
1,5
2
1,79
1,89
0
-3% -3% -9% -5% -6% -14
%
-12
%
-14
%
YO
Y re
th
ven
ue g
row
-12
%
-5% -3%
(409
)
(413
)
)
(399
) (398 )
(392
)
(412
)
(402
)
(382
)
(366
)
(372
)
(353
)
(379
Ope
ratin
g ex
pen
ses
70)
(1,4
88)
(1,5
(1,6
20)
34 72 68 95 37 57 24 86 39 30 22 25 EBI
TDA
116 203 271
8% 15% 15% 19% 9% 12% 6% 18% 10% 7% 6% 6% EB
ITD
A-m
in
arg
7% 11% 14%
NO
K m
illion
1 qu
arte
r
2 q
uart
er
3 q
uart
er
4 q
uart
er
1 q
uart
er
2 q
uart
er
3 q
uart
er
4 q
uart
er
1 q
uart
er
2 q
uart
er
3 q
uart
er
4 q
uart
er
Full
yea
r
Ful
l ye
ar
Ful
l ye
ar
201
7
201
7
201
7
201
7
201
8
201
8
201
8
201
8
201
9
201
9
201
9
201
9
Fin
ial S
ices
anc
erv
201
9
201
8
201
7
rest
ated
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
rest
ated
tate
d
res
Fin
ial S
ices
al
tot
anc
erv
195 215 248 235 255 246 261 249 273 245 275 260 Ope
ratin
g re
ven
ues
54
1,0
1
1,01
893
31% 14% 5% 6% 7% 0% 5% 4% YO
Y re
th
ven
ue g
row
4% 13% 40%
(138
)
(150
)
)
(152
1)
(15
)
(164
1)
(16
)
(173
)
(186
)
(217
)
(216
)
(224
)
(227
Ope
ratin
g ex
pen
ses
3)
(88
)
(684
(59
1)
57 64 97 84 91 85 88 63 57 29 51 33 EBI
TDA
170 327 302
29% 30% 39% 36% 36% 35% 34% 25% 21% 12% 19% 13% EB
ITD
A-m
in
arg
16% 32% 34%
do
Len
147 165 201 191 215 208 221 207 229 205 230 218 Ope
ratin
g re
ven
ues
882 852 704
46% 26% 10% 8% 6% -1% 4% 5% YO
Y re
th
ven
ue g
row
4% 21% 53%
(92) (104
)
)
(110
)
(104
1)
(12
)
(124
)
(138
)
(148
)
(178
)
(179
)
(183
)
(188
Ope
ratin
g ex
pen
ses
7)
(72
)
(530
(41
1)
55 60 91 87 95 84 84 59 51 26 47 30 EBI
TDA
155 322 293
37% 37% 45% 45% 44% 41% 38% 28% 22% 13% 20% 14% EB
ITD
A-m
in
arg
18% 38% 42%
Oth
er f
ina
ncia
l se
rvic
es (
1)
48 50 47 44 39 38 40 42 44 40 45 42 Ope
ratin
g re
ven
ues
172 159 189
-17
%
-24
%
-16
%
-4% 12% 6% 13% 0% YO
Y re
th
ven
ue g
row
8% -16
%
5%
(46) (46) (42) (47) (43) (37) (36) (38) (38) (37) (41) (39) Ope
ratin
g ex
pen
ses
6)
(15
)
(154
(180
)
2
4
6 (3) (4) 1 4 4 6 3 4 3 EBI
TDA
16 5 9
5% 9% 12% -7% -10
%
2% 10% 10% 13% 8% 9% 6% EB
ITD
A-m
in
arg
9% 3% 5%

(1) Other Financial Services include Compricer, Finansportalen other financial services assets and elimination

NO
K m
illio
n
1 q
ter
uar
2 q
ter
uar
3 q
ter
uar
4 q
ter
uar
1 q
ter
uar
2 q
ter
uar
3 q
ter
uar
4 q
ter
uar
1 q
ter
uar
2 q
ter
uar
3 q
ter
uar
4 q
ter
uar
Ful
l ye
ar
Ful
l ye
ar
Ful
l ye
ar
201
7
201
7
201
7
201
7
201
8
201
8
201
8
201
8
201
9
201
9
201
9
201
9
Gro
wth
201
9
201
8
201
7
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
tate
d
res
Gro
wth
tot
al
471 495 460 509 479 481 463 542 503 510 517 635 Op
ting
era
rev
enu
es
65
2,1
66
1,9
1,9
34
2% -3% 1% 7% 5% 6% 12% 17% YO
Y re
wth
ven
ue
gro
10% 2% 4%
(
445
)
(
474
)
)
(
420
)
(
481
)
(
467
)
(
452
)
(
440
08)
(5
)
(
491
)
(
483
)
(
495
3)
(57
Op
ting
era
ex
pen
ses
41)
(
2,0
67)
(
1,8
(
1,8
19)
26 22 40 28 12 30 23 34 12 27 22 63 EB
ITD
A
124 99 115
5% 4% 9% 5% 2% 6% 5% 6% 2% 5% 4% 10% EB
ITD
A-m
in
arg
6% 5% 6%
Dis
trib
utio
n
221 225 235 255 263 257 259 285 292 294 307 355 Op
ting
era
rev
enu
es
47
1,2
64
1,0
937
19% 14% 10% 12% 11% 14% 18% 24% YO
Y re
wth
ven
ue
gro
17% 14% 16%
(
213
)
(
221
)
)
(
222
)
(
240
)
(
261
)
(
262
)
(
259
)
(
276
)
(
288
)
(
285
)
(
296
)
(
339
Op
ting
era
ex
pen
ses
08)
(
1,2
58)
(
1,0
(
896
)
9 4 13 15 1 )
(5
1 9 4 8 10 16 EB
ITD
A
39 6 41
4% 2% 5% 6% 1% -2% 0% 3% 1% 3% 3% 5% EB
ITD
A-m
in
arg
3% 1% 4%
Pris
ja
kt
56 55 59 93 66 66 67 109 72 72 64 116 Op
ting
era
rev
enu
es
325 308 263
17% 20% 14% 17% 10% 9% -4% 7% YO
Y re
wth
ven
ue
gro
6% 17% 21%
(
47)
(5
1)
49)
(
80)
(
2)
(5
42)
(
44)
(
3)
(7
3)
(5
4)
(5
1)
(5
2)
(7
Op
ting
era
ex
pen
ses
)
(
230
)
(
211
(
229
)
9 4 9 12 14 24 23 35 19 19 13 44 EB
ITD
A
95 97 34
16% 7% 16% 13% 21% 37% 35% 33% 27% 26% 20% 38% EB
ITD
A-m
in
arg
29% 31% 13%
Oth
er G
th (
1)
row
134 150 145 161 151 158 137 148 139 144 146 164 Op
ting
era
rev
enu
es
592 595 590
12% 6% -5% -8% -8% -9% 6% 11% YO
Y re
wth
ven
ue
gro
0% 1% 3%
(
)
136
(
)
151
)
(
131
)
(
160
)
(
154
)
(
147
)
(
138
)
(
158
)
(
150
)
(
144
)
(
147
)
(
161
Op
ting
era
ex
pen
ses
)
(
603
98)
(5
(57
9)
(
2)
(
1)
13 0 3)
(
11 1)
(
10)
(
11)
(
0)
(
1)
(
3 EB
ITD
A
10)
(
3)
(
11
-1% -1% 9% 0% -2% 7% 0% -7% -8% 0% -1% 2% EB
ITD
A-m
in
arg
-2% -1% 2%
Hitt
a (
dive
ste
d Q
3 2
017
)
59 65 21 Ope
rati
ng
rev
enu
es
145
(
48)
(5
0)
(
16)
Ope
rati
ng
exp
ens
es
(
115
)
10 15 5 EB
ITD
A
30
18% 23% 22% EB
ITD
A-m
in
arg
21%

(1) Other Growth include Omni, MittAnbud, Servicefinder, Mötesplatsen, Klart.se, tv.nu, Kickback, Let's Deal, Schibsted Growth HQ, other Growth assets and eliminations

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