Vend Marketplaces ASA

Earnings Release • Feb 8, 2018

Schibsted ASA (SCHA/SCHB) - Interim Financial Statement Q4 2017

Schibsted ASA (SCHA/SCHB) - Interim Financial Statement Q4 2017

Today, Schibsted Media Group released its Q4 2017 report. Revenues grew 10

percent to NOK 4,455 million, whereas the EBITDA was NOK 695 million (501

million).

"Q4 concluded a strong 2017 for Schibsted, with profit improvement throughout

the whole year. In Q4 alone, the EBITDA growth was 39 percent. The positive

development is a result of great efforts in both Online classifieds, Publishing

and Schibsted Growth," CEO Rolv Erik Ryssdal says.

"In the fourth quarter Schibsted's online classifieds operations continue to

develop according to our ambitious plan, delivering 20 percent currency adjusted

revenue growth and improved EBITDA margin. Our established operations were

progressing well, and our investment phase companies have reduced their losses

according to plan. Going forward, we aim to continue to grow revenue and profit

by leveraging our leading local market positions to improve monetization in the

verticals as well as reducing losses in investment phase operations. At the same

time, we will benefit from our joint scalable products and technology," Ryssdal

says.

"Our publishing operations delivered good results once again. The growth in

digital subscribers continued, and our product focus within digital advertising

is bearing fruit, leading to a solid digital revenue growth within publishing.

We are developing our publishing operations towards long term viable digital

businesses, and we need to further strengthen the two revenue sources and at the

same time adapt the cost base. The very foundation of this is our high quality

independent journalism", Ryssdal says.

"In both divisions, we are working to roll new digital products out in the

market. For example, in Q4, improved tools for professionals were rolled out in

the classifieds verticals, and within Media, the feedback to our new news apps

has been good," Ryssdal says.

"Schibsted Growth has continued its positive development, particularly driven by

the personal finance segment. Lendo experienced a strong end of the year, with

revenue growth of 41 percent in Sweden, and the EBITDA margin exceeded 50

percent," Ryssdal says.

Highlights of Q4 2017

(Online classifieds pro forma numbers include proportional consolidation of

joint ventures and associates)

* EBITDA ex. Investment phase of NOK 845 million, a growth of 24 percent

* Online classifieds pro forma revenue growth of 20 percent, adjusted for

currency fluctuations. Total Online classifieds EBITDA ex. Investment phase

grew 27 percent to NOK 786 million

* Vertical driven growth in Developed phase, Online Classifieds

* 20 percent revenue growth in France, driven by good growth in car and

real estate verticals

* 18 percent revenue growth in Norway driven by verticals and personal

finance

* 27 percent revenue growth in Spain. Strong trend in jobs and cars

verticals

* Unchanged revenues in Sweden affected positively by cars and jobs,

whereas display advertising and Services contributed negatively

* 66 percent revenue growth and significantly reduced losses in Investment

phase operations

* Continued high revenue growth in OLX Brazil in Q4

* Strong growth in operational metrics for Shpock. Continued trend of

reduced investments

* Tight cost control and digital product innovation leads to stable EBITDA

margins in publishing activities

* Continued high growth rate in the Schibsted Growth portfolio in Sweden.

Personal finance portal Lendo.se grew revenues 41 percent with stable, high

margins

* New organizational model implemented in December. Aim to strengthen local

execution and global scale. Operations organized in two divisions;

Marketplaces and Media

* Successful placement of B-shares, raising equity of NOK 2.5 billion

* Dividend of NOK 1.75 per share proposed for 2017

Fourth

quarter Schibsted Media Group Full year

2016 2017  (MNOK) 2017 2016

4,059 4,455 Operating revenues 16,943 15,854

501 695 Gross operating profit (EBITDA) 2,606 2,131

12 % 16 % EBITDA margin 15 % 13 %

Gross operating profit (EBITDA) ex. Investment

682 845 phase 3,297 2,904

17 % 20 % EBITDA margin ex. Investment phase 20 % 19 %

Schibsted invites to an analyst and press conference at Apotekergata 10, Oslo,

8 February 2018 at 09:00 CET. The presentation will be held in English and

transmitted live as a video webcast on www.schibsted.com/ir. CEO Rolv Erik

Ryssdal and EVP CFO Trond Berger will present at the analyst and press

conference.

A conference call with Q&A linked to the Q4 2017 numbers will take place 8

February 2018 at 14:00 CET. Please dial in at the following numbers:

Norway: +47 2350 0296

Sweden: +46 (0)8 5065 3942

USA: +1 323-794-2093

UK/International: +44 (0)330 336 9412

Conference ID is 6863160.

A recording of the conference call will be made available at

www.schibsted.com/ir.

Contact persons:

Trond Berger, CFO. Tel: +47 916 86 695

Jo Christian Steigedal, Head of IR. Tel: +47 415 08 733

Oslo, 8 February 2018

SCHIBSTED ASA

Jo Christian Steigedal

Head of IR

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.