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Vend Marketplaces ASA

Annual / Quarterly Financial Statement Feb 13, 2014

3738_rns_2014-02-13_cf37bfe0-89bf-403b-a412-918c14bd6ea7.pdf

Annual / Quarterly Financial Statement

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Financials and analytical info as of Q4 2013

Contents (each item on separate tabs):

    1. Profit and loss statement
    1. Balance sheet
    1. Cash flow
    1. Operating segment operating revenues
    1. Operating segment EBITDA
    1. Operating segment EBITA
    1. Schibsted Norge P&L
    1. Schibsted Sverige P&L
    1. Schibsted Classified Media P&L
    1. 20 Minutes P&L
    1. Circulation volume Media houses Scandinavia
    1. Advertising volume Media houses Scandinavia

For questions, please contact Schibsted IR:

Jo Christian Steigedal, VP Investor Relations [email protected] Direct line: +47 2310 6642 Mobile: +47 415 08 733 www.schibsted.com/ir

NOK million
1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter PROFIT AND LOSS STATEMENT Full year Full year Full year Full year Full year Full year Full year Full year
2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 SCHIBSTED MEDIA GROUP 2013 2012 2012 2011 2010 2009 2008 2007
restated restated restated restated 4 QUARTER 2013 restated reported
302 294 284 305 304 305 296 302 310 301 404 411 422 399 417 434 445 420 428 448 452 424 431 437 458 452 437 440 Subscription revenues 1 787 1 744 1 744 1 741 1 672 1 426 1 207 1 185
754 745 832 779 759 754 816 743 718 703 817 733 680 685 744 687 635 677 696 633 600 627 653 598 566 581 621 567 Casual sales revenues 2 335 2 478 2 478 2 641 2 796 2 971 3 072 3 110
1 674 1 814 1 482 1 809 1 727 1 911 1 440 1 674 1 418 1 535 1 529 1 859 1 731 2 015 1 716 2 225 2 014 2 265 1 903 2 245 2 140 2 305 1 975 2 234 2 144 2 409 2 087 2 377 Advertising revenues 9 017 8 654 8 654 8 427 7 687 6 341 6 752 6 779
629 597 581 729 466 428 414 512 473 457 514 563 425 416 411 361 402 396 353 418 411 469 465 542 502 529 509 553 Other revenues 2 093 1 887 1 887 1 569 1 613 2 007 1 820 2 536
3 359 3 450 3 179 3 622 3 256 3 398 2 966 3 231 2 919 2 996 3 264 3 566 3 258 3 515 3 288 3 707 3 496 3 758 3 380 3 744 3 603 3 825 3 524 3 811 3 670 3 971 3 654 3 937 Operating revenues 15 232 14 763 14 763 14 378 13 768 12 745 12 851 13 610
(571) (521) (506) (611) (400) (386) (343) (377) (330) (318) (338) (385) (305) (295) (268) (324) (288) (306) (284) (281) (266) (258) (253) (280) (235) (247) (205) (184) Raw materials, work in progress and finished goods (871) (1 057) (1 057) (1 159) (1 192) (1 371) (1 506) (2 209)
(1 086) (1 114) (1 019) (1 219) (1 101) (1 126) (1 020) (1 343) (1 113) (1 061) (1 105) (1 254) (1 200) (1 189) (1 039) (1 283) (1 255) (1 260) (1 129) (1 316) (1 321) (1 329) (1 192) (1 384) (1 388) (1 401) (1 254) (1 431) Personnel expenses (5 474) (5 226) (5 241) (4 960) (4 711) (4 533) (4 590) (4 438)
(1 338) (1 316) (1 287) (1 408) (1 366) (1 376) (1 292) (1 290) (1 301) (1 252) (1 334) (1 393) (1 340) (1 392) (1 421) (1 549) (1 520) (1 530) (1 450) (1 613) (1 601) (1 653) (1 562) (1 655) (1 776) (1 780) (1 759) (1 913) Other operating expenses (7 228) (6 471) (6 471) (6 113) (5 702) (5 280) (5 324) (5 349)
35 55 33 26 21 57 29 (180) (42) (34) 2 7 5 13 7 11 6 13 5 15 9 15 1 9 3 12 1 (3) Share of profit of associated companies 13 34 34 39 36 (67) (73) 149
399 554 400 410 410 567 340 41 133 331 489 541 418 652 567 562 439 675 522 549 424 600 518 501 274 555 437 406 Gross operating profit (loss) 1 672 2 043 2 028 2 185 2 199 1 494 1 358 1 763
(139) (141) (143) (163) (143) (145) (141) (163) (136) (147) (186) (193) (152) (143) (155) (138) (129) (126) (126) (124) (116) (120) (123) (120) (120) (122) (125) (123) Depreciation and amortisation (490) (479) (479) (505) (588) (662) (592) (586)
Gross operating profit (loss) after depreciation
260 413 257 247 267 422 199 (122) (3) 184 303 348 266 509 412 424 310 549 396 425 308 480 395 381 154 433 312 283 and amortisation 1 182 1 564 1 549 1 680 1 611 832 766 1 177
(25) (8) (7) (9) (1 542) (72) (5) (4) (80) (18) (6) (25) (61) (4) (1) (7) (179) - - (1) (547) - (2) - (148) Impairment loss (150) (548) (548) (191) (110) (161) (1 558) (33)
13 191 (112) 10 842 (95) (18) (247) (30) (162) 6 (50) 30 390 (18) 1 507 12 2 (2) (62) 12 (1) (13) (285) (7) 8 (225) 1 393 Other income and expenses 1 169 (287) (257) (50) 1 909 (236) 482 102
273 604 120 249 1 109 320 172 (1 911) (105) 17 305 218 278 893 369 1 870 318 550 387 184 320 479 381 (451) 147 439 87 1 528 Operating profit (loss) 2 201 729 744 1 439 3 410 435 (310) 1 246
35 20 32 6 33 19 12 24 176 (8) 17 21 21 139 4 16 15 40 14 13 11 14 8 82 10 9 11 21 Financial income 51 115 115 82 180 206 88 93
(78) (77) (78) (78) (87) (86) (138) (207) (118) (101) (72) (71) (48) (69) (30) (44) (44) (42) (59) (45) (57) (61) (51) (55) (50) (73) (65) (49) Financial expenses (237) (224) (176) (190) (191) (362) (518) (311)
230 547 74 177 1 055 253 46 (2 094) (47) (92) 250 168 251 963 343 1 842 289 548 342 152 274 432 338 (424) 107 375 33 1 500 Profit (loss) before taxes 2 015 620 683 1 331 3 399 279 (740) 1 028
(70) (163) (22) (36) (168) (72) (30) 101 (6) 29 (62) (55) (80) (204) (108) (76) (95) (181) (113) (110) (99) (151) (119) (57) (46) (171) (111) (125) Taxes (453) (426) (443) (499) (468) (94) (169) (291)
887 181 16 (1 993) (53) (63) 188 113 171 759 235 1 766 194 367 229 42 175 281 219 (481) 61 204 (78) 1 375 Profit (loss) 1 562 194 240 832 2 931 185 (909)
11 4 9 15 7 320 - - - - - - - - - - - - - - - - - - Profit (loss) discontinued operations - - - - - 327 39 -
160 384 52 141 898 185 25 (1 978) (46) 257 188 113 171 759 235 1 766 194 367 229 42 175 281 219 (481) 61 204 (78) 1 375 Profit (loss) 1 562 194 240 832 2 931 512 (870) 737
44 2 34 22 31 8 14 (17) - 26 42 49 22 49 29 37 35 26 21 8 9 16 14 14 8 19 - (1) Profit (loss) attributable to non-controlling interests 26 53 55 90 137 117 36 102
116 382 18 119 867 177 11 (1 961) (46) 231 146 64 149 710 206 1 729 159 341 208 34 166 265 205 (495) 53 185 (78) 1 376 Profit (loss) attributable to owners of the parent 1 536 141 185 742 2 794 395 (906) 635
1,74 5,71 0,26 1,80 13,21 2,73 0,16 (30,35) (0,71) 3,57 1,46 0,62 1,45 6,87 1,99 16,72 1,53 3,22 1,94 0,32 1,55 2,47 1,91 (4,62) 0,50 1,72 (0,73) 12,82 Earnings per share (NOK) 14,32 1,32 1,73 7,00 27,04 4,74 (13,95) 9,52
1,74 5,69 0,26 1,80 13,20 2,73 0,16 (30,35) (0,71) 3,57 1,46 0,62 1,45 6,86 1,99 16,70 1,52 3,22 1,94 0,32 1,55 2,47 1,91 (4,61) 0,50 1,72 (0,73) 12,82 Diluted earnings per share (NOK) 14,31 1,32 1,73 6,99 27,01 4,74 (13,94) 9,49
1,52 3,65 1,73 1,43 2,04 3,91 0,51 (3,71) 0,69 0,48 1,37 1,51 1,41 3,44 2,27 2,61 1,41 3,20 2,00 2,14 1,35 2,47 2,00 2,36 0,55 1,65 1,26 0,44 Earnings per share - adjusted (NOK) 3,90 8,18 8,41 8,76 9,72 4,42 2,79 8,31
1,52 3,63 1,72 1,43 2,04 3,90 0,51 (3,71) 0,69 0,48 1,37 1,51 1,41 3,43 2,27 2,61 1,41 3,19 2,00 2,14 1,34 2,47 2,00 2,36 0,55 1,65 1,26 0,44 Diluted earnings per share - adjusted (NOK) 3,90 8,17 8,40 8,75 9,71 4,42 2,79 8,28

Schibsted has as of 1 January 2013 adopted the mandatory amendments to IAS 19 Employment Benefits. The amendments are applied retrospectively and comparable figures for 2012 are restated.

The affected items in the profit or loss statement are Personnel expenses, Other income and expenses, Financial expenses and Taxes. The restatements are described in further detail in the 1st Quarter 2013 Report.

Schibsted has in the fourth quarter of 2011 made an adjustment to the classification of expenditure incurred in ongoing development and upgrading of the Group's web sites within Schibsted Classified Media.

This results in a somewhat larger share of the expenditure being recognised as an expense (maintenance) and a somewhat smaller part being recognised as an asset (improvement). The first three quarters of 2011 are adjusted to reflect this change.

NOK million
31.3 30.6 30.9 31.12 31.3 30.6 30.9 31.12 31.3 30.6 30.9 31.12 31.3 30.6 30.9 31.12 31.3 30.6 30.9 31.12 31.3 30.6 30.9 31.12 01.01 31.3 30.6 30.9 31.12 31.3 30.6 30.9 31.12
Balance sheet 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2012 2012 2012 2012 2012 2013 2013 2013 2013
reported reported reported reported reported restated restated restated restated restated
Intangible assets 7 960 7 934 7 742 8 093 8 183 8 326 8 627 7 617 6 698 7 940 7 630 7 222 6 999 7 041 6 532 9 728 9 771 9 699 9 864 9 611 9 600 9 555 9 442 9 113 9 611 9 600 9 555 9 442 9 113 9 301 9 646 10 056 10 337
Investment property and property plant and equipment 2 179 2 075 2 070 1 720 1 728 1 689 1 666 1 615 1 551 2 819 2 728 2 522 2 457 2 131 2 082 2 112 2 089 2 061 2 029 1 992 1 969 1 948 1 899 1 845 1 992 1 969 1 948 1 899 1 845 1 819 1 795 1 659 1 507
Investments in associated companies 1 180 1 552 1 953 2 001 2 025 2 362 2 730 2 743 2 552 433 415 411 422 432 453 465 474 458 461 492 452 460 465 488 483 443 451 456 488 507 469 478 1 074
Other non-current assets 437 422 424 431 432 462 427 717 754 890 879 697 679 597 606 485 505 488 479 414 418 370 466 306 414 418 370 466 306 322 351 303 297
Non-current assets 11 756 11 983 12 189 12 245 12 368 12 839 13 450 12 692 11 555 12 082 11 652 10 852 10 557 10 201 9 673 12 790 12 839 12 706 12 833 12 509 12 439 12 333 12 272 11 752 12 500 12 430 12 324 12 263 11 752 11 949 12 261 12 496 13 215
Inventories 119 122 121 123 128 129 143 164 133 150 145 138 128 127 136 139 135 136 139 143 138 138 137 117 143 138 138 137 117 107 108 52 53
Trade and other receivables 2 313 2 341 2 268 2 466 2 525 2 556 2 475 2 781 2 369 2 777 2 611 2 490 2 483 2 633 2 404 2 504 2 522 2 431 2 395 2 406 2 504 2 524 2 495 2 447 2 406 2 504 2 524 2 495 2 447 2 832 2 846 2 724 2 623
Current financial assets 71 3 3
3
4 3 6 7 38 443 490 485 461 441 485 426 541 554 509 500 446 474 368 3 500 446 474 368 3 64 53 - 28
Cash and cash equivalents 1 011 796 754 842 657 750 728 747 671 1 286 865 1 255 623 690 644 650 659 841 847 778 1 035 591 819 1 031 778 1 035 591 819 1 031 596 1 140 561 1 240
Assets held for sale - - - 312 - - - - - - - -
-
-
534
- - - -
-
- - -
-
- - - -
-
- - 76 -
Current assets 3 514 3 262 3 146 3 746 3 314 3 438 3 352 3 699 3 211 4 656 4 111 4 368 3 695 3 891 4 203 3 719 3 857 3 962 3 890 3 827 4 123 3 727 3 819 3 598 3 827 4 123 3 727 3 819 3 598 3 599 4 147 3 413 3 944
Total assets 15 270 15 245 15 335 15 991 15 682 16 277 16 802 16 391 14 766 16 738 15 763 15 220 14 252 14 092 13 876 16 509 16 696 16 668 16 723 16 336 16 562 16 060 16 091 15 350 16 327 16 553 16 051 16 082 15 350 15 548 16 408 15 909 17 159
Equity attributable to owners of the parent 4 924 4 980 4 957 4 770 5 475 5 227 5 213 3 617 3 462 3 729 5 119 4 837 4 881 5 286 5 434 6 677 6 830 6 559 6 411 6 502 6 528 6 329 6 453 5 492 6 324 6 333 6 134 6 258 5 864 6 075 6 248 6 085 7 850
Non-controlling interests 285 227 182 193 221 143 172 124 126 436 396 437 451 312 318 329 315 129 143 157 185 209 245 248 156 182 206 242 245 281 252 261 261
Equity 5 209 5 207 5 139 4 963 5 696 5 370 5 385 3 741 3 588 4 165 5 515 5 274 5 332 5 598 5 752 7 006 7 145 6 688 6 554 6 659 6 713 6 538 6 698 5 740 6 480 6 515 6 340 6 500 6 109 6 356 6 500 6 346 8 111
Non-current interest-bearing borrowings 365 573 1 116 757 743 1 725 2 468 5 418 4 883 4 539 3 508 3 405 2 684 1 865 725 1 906 2 076 2 589 2 619 1 907 2 441 2 410 2 031 2 124 1 907 2 441 2 410 2 031 2 124 1 941 2 712 2 574 1 971
Other non-current liabilities 2 253 2 306 2 271 2 809 2 969 3 018 3 099 1 672 1 566 2 156 2 097 2 230 2 088 2 173 2 284 2 533 2 372 2 386 2 631 2 592 2 549 2 575 2 569 2 481 2 762 2 738 2 764 2 758 2 112 2 038 2 030 2 509 2 313
Non-current liabilities 2 618 2 879 3 387 3 566 3 712 4 743 5 567 7 090 6 449 6 695 5 605 5 635 4 772 4 038 3 009 4 439 4 448 4 975 5 250 4 499 4 990 4 985 4 600 4 605 4 669 5 179 5 174 4 789 4 236 3 979 4 742 5 083 4 284
Current interest-bearing borrowings 4 336 4 117 3 724 4 206 3 082 3 050 2 731 726 642 902 459 404 334 333 1 279 572 581 578 506 523 271 48 333 347 523 271 48 333 347 577 592 549 428
Other current liabilities 3 107 3 042 3 085 3 256 3 192 3 114 3 119 4 834 4 087 4 976 4 184 3 907 3 814 4 123 3 731 4 492 4 522 4 427 4 413 4 655 4 588 4 489 4 460 4 658 4 655 4 588 4 489 4 460 4 658 4 636 4 574 3 780 4 336
Liabilities held for sale - - -
-
- - - - - - - -
-
-
105
- - - -
-
- - -
-
- - - -
-
- - 151
Current liabilities 7 443 7 159 6 809 7 462 6 274 6 164 5 850 5 560 4 729 5 878 4 643 4 311 4 148 4 456 5 115 5 064 5 103 5 005 4 919 5 178 4 859 4 537 4 793 5 005 5 178 4 859 4 537 4 793 5 005 5 213 5 166 4 480 4 764
Total equity and liabilities 15 270 15 245 15 335 15 991 15 682 16 277 16 802 16 391 14 766 16 738 15 763 15 220 14 252 14 092 13 876 16 509 16 696 16 668 16 723 16 336 16 562 16 060 16 091 15 350 16 327 16 553 16 051 16 082 15 350 15 548 16 408 15 909 17 159

Schibsted has as of 1 January 2013 adopted the mandatory amendments to IAS 19 Employment

Benefits. The amendments are applied retrospectively and comparable figures for 2012 are restated in the columns "restated" above.

The reported figures for 2012 are presented in the columns "reported" above. The restatements are

described in the 1st Quarter 2013 Report.

Schibsted has in the fourth quarter of 2011 made an adjustment to the classification of expenditure incurred in ongoing development and upgrading of the Group's web sites within Schibsted Classified Media. This results in a somewhat larger share of the expenditure being recognised as an expense (maintenance) and a somewhat smaller part being recognised as an asset (improvement). The first three quarters of 2011 are adjusted to reflect this change.

NOK million
31.12 31.12 31.12 31.3 30.6 30.9 31.12 31.3 30.6 30.9 31.12 31.3 30.6 30.9 31.12 31.3 30.6 30.9 31.12
Statement of cash flows 2007 2008 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013
restated restated restated restated
Profit (loss) before taxes (continuing operations) 970 (740) 279 251 1 214 1 557 3 399 289 837 1 179 1 331 274 706 1 044 620 107 482 515 2 015
Profit (loss) before taxes discontinued operations 58 56 335 - -
-
- - - - - - -
-
- -
-
- -
- Gain from remeasurement of previously held equity interest in business
combination achieved in stages - - - - -
-
(1 518) - - - -
(48)
(57) (57) (57) -
-
(2) (2)
+ Depreciation, amortisation and impairment losses 619 2 260 876 170 319 500 706 133 260 393 696 116 236 360 1 055 120 244 372 643
+ / - Share of profit of associated companies, net of dividends received (79) 182 104 (5) (8) (15) (23) (6) 2 - (14) 24 11 10 10 (3) 30 39 43
- Taxes paid (203) (217) (206) (58) (140) (149) (111) (57) (350) (372) (346) (231) (496) (587) (628) (145) (494) (516) (636)
Sales losses / (gains) non-current assets (311) (880) (424) 1
(523)
(524) (581) (35) (52) (55) (63) (1) (2) - (65) (1) (12) 203 (1 468)
Change in working capital etc. 91 96 16 (180) (247) (329) 69 (193) (57) (130) 12 (9) 11 9 340 (456) (414) (458) 40
Net cash flow from operating activities 1 145 757 980 179 615 1 040 1 941 131 640 1 015 1 616 125 409 779 1 275 (378) (164) 153 635
Net cash flow from investing activities (937) (418) 778 (74) 616 534 (724) (74) (170) (338) (330) (89) (196) (268) (400) (158) (213) (417) 477
Net cash flow before financing activities 208 339 1 758 105 1 231 1 574 1 217 57 470 677 1 286 36 213 511 875 (536) (377) (264) 1 112
Net cash flow from financing activities (1 606) (434) (1 203) (734) (1 794) (2 170) (1 819) (48) (274) (479) (1 158) 229 (387) (451) (591) 60 398 (296) (1 059)
Effect of exchange rate changes on cash and cash equivalents - - (47) (3) (2)
-
(3) - (5) (1) -
(8)
(13) (19) (31) 41 88 114 156
Net cash flow for the period (1 398) (95) 508 (632) (565) (596) (605) 9 191 197 128 257 (187) 41 253 (435) 109 (446) 209
Cash and cash equivalents at start of period 2 240 842 747 1 255 1 255 1 255 1 255 650 650 650 650 778 778 778 778 1 031 1 031 1 031 1 031
Cash and cash equivalents at end of period 842 747 1 255 623 690 659 650 659 841 847 778 1 035 591 819 1 031 596 1 140 585 1 240

Schibsted has as of 1 January 2013 adopted the mandatory amendments to IAS 19 Employment Benefits. The amendments are applied retrospectively and comparable figures for 2012 are restated.

The restatements are described in the 1st Quarter 2013 Report.

Schibsted has in the fourth quarter of 2011 made an adjustment to the classification of expenditure incurred in ongoing development and upgrading of the Group's web sites within Schibsted Classified Media. This results in a somewhat larger share of the expenditure being recognised as an expense (maintenance) and a somewhat smaller part being recognised as an asset (improvement). The first three quarters of 2011 are adjusted to reflect this change.

1 quarter
2011
2 quarter
2011
3 quarter
2011
4 quarter
2011
1 quarter
2012
2 quarter
2012
3 quarter
2012
4 quarter
2012
1 quarter
2013
2 quarter
2013
3 quarter
2013
2013 4 quarter OPERATING REVENUES
SCHIBSTED GROUP
Full year
2013
Full year
2012
Full year
2011
3 496 3 758 3 380 3 744 3 603 3 825 3 524 3 811 3 670 3 971 3 654 3 937 SCHIBSTED GROUP 15 232 14 763 14 378
756 837 784 821 871 958 906 912 965 1 114 1 063 1 123 ONLINE CLASSIFIEDS 4 265 3 647 3 198
277 305 278 275 316 325 318 307 332 376 350 348 FINN 1 406 1 266 1 135
479 532 506 546 555 633 588 605 633 738 713 775 Schibsted Classified Media 2 859 2 381 2 063
1 611 1 687 1 531 1 700 1 660 1 653 1 503 1 669 1 575 1 649 1 501 1 643 SCHIBSTED NORGE MEDIA HOUSE 6 368 6 485 6 529
864 948 854 945 831 920 877 910 874 921 902 1 034 SCHIBSTED SVERIGE MEDIA HOUSE 3 731 3 538 3 611
242 276 206 280 228 252 185 274 215 256 150 107 MEDIA HOUSES INTERNATIONAL 728 939 1 004
96 119 75 120 87 100 53 108 68 88 56 106 20 Minutes 318 348 410
144 154 131 161 140 152 131 165 147 167 93 - Eesti Meedia Group 407 588 590
2 3 1 - 1 -
1
1 - 1 1 1 Other 3 3 6
- - (1) (1) - -
-
- - - - - Eliminations - - (2)
63 48 38 41 49 84 89 95 86 82 89 88 OTHER 345 317 190
63 48 38 41 49 84 89 95 86 82 89 88 Other/eliminations 345 317 190
50 82 81 83 87 87 82 91 92 90 83 90 HEADQUARTERS 355 347 296
50 82 81 83 87 87 82 91 92 90 83 90 Schibsted ASA and other centralised functions 355 347 296
(90) (120) (114) (126) (123) (129) (118) (140) (137) (141) (134) (148) ELIMINATIONS (560) (510) (450)

With effect from the first quarter of 2012, the Group's division into operating segments is changed.

Comparable figures for 2011 are restated.

1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter GROSS OPERATING PROFIT (LOSS) - EBITDA Full year Full year Full year
2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 SCHIBSTED GROUP 2013 2012 2011
restated restated restated restated restated
439 675 522 549 424 600 518 501 274 555 437 406 SCHIBSTED GROUP 1 672 2 043 2 185
235 307 250 201 228 313 300 259 150 287 250 175 ONLINE CLASSIFIEDS 862 1 100 993 ok
131 147 140 118 151 161 159 151 145 208 175 163 FINN 691 622 536
105 161 111 83 76 152 142 108 5 79 75 27 Schibsted Classified Media 186 478 460
(1) (1) (1) -
1
- (1) - - - - (15) Associated companies (15) - (3)
208 282 219 217 204 218 174 176 149 243 178 154 SCHIBSTED NORGE MEDIA HOUSE 724 772 926
66 115 101 163 75 121 114 119 57 69 87 150 SCHIBSTED SVERIGE MEDIA HOUSE 363 429 445
(4) 24 (9) 27 (21) 7 (15) 26 (14) 20 (14) 10 MEDIA HOUSES INTERNATIONAL 2 (3) 38
(15) 2 (18) 11 (27) (13) (23) 15 (23) (3) (20) 9 20 Minutes (37) (48) (20)
12 22 9
15
6 20 8 11 9 23 7 - Eesti Meedia Group 39 45 58
(1) - - -
-
- - - - - (1) 1 Other - - (1)
- - -
1
- - - - - - - - Associated companies - - 1
3 4 6
8
(2) (11) (8) (18) (11) (16) (11) (13) OTHER (51) (39) 21
3 4 6
8
(2) (11) (8) (18) (11) (16) (11) (13) Other/eliminations (51) (39) 21
(69) (57) (45) (67) (60) (48) (47) (61) (57) (48) (53) (70) HEADQUARTERS (228) (216) (238)
(69) (57) (45) (67) (60) (48) (47) (61) (57) (48) (53) (70) Schibsted ASA and other centralised functions (228) (216) (238)

Schibsted has as of 1 January 2013 adopted the mandatory amendments to IAS 19 Employment Benefits. The amendments are applied retrospectively and comparable figures for 2012

The restatements are described in the 1st

are restated. Quarter 2013 Report.

With effect from the first quarter of 2012, the Group's division into operating segments is

changed.

Comparable figures for 2011 are restated.

Schibsted has in the fourth quarter of 2011 made an adjustment to the classification of expenditure incurred in ongoing development and upgrading of the Group's web sites within Schibsted Classified

Media.

This results in a somewhat larger share of the expenditure being recognised as an expense (maintenance) and a somewhat smaller part being recognised as an asset (improvement). The first three quarters of 2011 are adjusted to reflect this

change.

1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter GROSS OPERATING PROFIT (LOSS) AFTER Full year Full year Full year
2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 DEPRECIATION AND AMORTISATION - EBITA 2013 2012 2011
restated restated restated restated SCHIBSTED GROUP restated
310 549 396 425 308 480 395 381 154 433 312 283 SCHIBSTED GROUP 1 182 1 564 1 680
192 266 206 157 192 277 263 224 114 251 210 136 ONLINE CLASSIFIEDS 711 956 821
124 140 132 110 143 154 152 143 137 201 165 153 FINN 656 592 506
69 127 75 47 48 123 112 81 (23) 50 45 (2) Schibsted Classified Media 70 364 318
(1) (1) (1) - 1 - (1) - - - - (15) Associated companies (15) - (3)
145 231 166 166 153 166 122 124 98 190 126 101 SCHIBSTED NORGE MEDIA HOUSE 515 565 708
55 103 89 151 63 112 101 108 46 57 75 135 SCHIBSTED SVERIGE MEDIA HOUSE 313 384 398
(13) 14 (16) 18 (29) (1) (23) 18 (23) 12 (21) 9 MEDIA HOUSES INTERNATIONAL (23) (35) 3
(17) - (19) 9 (28) (14) (25) 14 (25) (4) (22) 8 20 Minutes (43) (53) (27)
5 14 3 8 (1) 13 2 4 2 16 2 - Eesti Meedia Group 20 18 30
(1) - - - - - - - - - (1) 1 Other - - (1)
- - - 1 - - - - - - - - Associated companies - - 1
2 3 6 7 (3) (17) (11) (23) (15) (19) (14) (17) OTHER (65) (54) 18
2 3 6 7 (3) (17) (11) (23) (15) (19) (14) (17) Other/eliminations (65) (54) 18
(71) (68) (55) (74) (68) (57) (57) (70) (66) (58) (64) (81) HEADQUARTERS (269) (252) (268)
(71) (68) (55) (74) (68) (57) (57) (70) (66) (58) (64) (81) Schibsted ASA and other centralised functions (269) (252) (268)

Schibsted has as of 1 January 2013 adopted the mandatory amendments to IAS 19 Employment Benefits. The amendments are applied retrospectively and comparable figures for 2012

are restated.

The restatements are described in the 1st Quarter 2013 Report.

With effect from the first quarter of 2012, the Group's division into operating segments is

changed.

Comparable figures for 2011 are restated.

Schibsted has in the fourth quarter of 2011 made an adjustment to the classification of expenditure incurred in ongoing development and upgrading of the Group's web sites within Schibsted Classified

Media.

This results in a somewhat larger share of the expenditure being recognised as an expense (maintenance) and a somewhat smaller part being recognised as an asset (improvement). The first three quarters of 2011 are adjusted to reflect this

change.

NOK million
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4 2013 Schibsted Norge Media House Full year
2013
Full year
2012
Full year
2011
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Q2
2013
Q3
2013
Q4
2013 Schibsted Norge Media House
Full year Full year Full year
2013
2012 2011
Operating revenues
76
66
93
72
81
65
110
80
106
86
111
92
106
77
131
95
137
96
142
121
144
113
163 Online newspapers - single copy (VG)
135 Online newspapers - subscription newspapers
586
465
454
350
360
283
522
225
527
233
459
205
510
238
522
231
502
231
441
196
489
229
469
203
493
210
426
183
461 Aftenposten
214 Bergens Tidende
1 849 1 954 2 018
810
887 901
14
(18)
18
(22)
23
(23)
33
(28)
31
(35)
36
(38)
30
(23)
43
(30)
49
(39)
53
(40)
51
(36)
(46) Eliminations 61 Other online operating revenues 214
(161)
140
(126)
88
(91)
154
96
158
107
139
96
163
104
160
99
155
105
135
91
154
101
139
91
147
104
130
90
141 Stavanger Aftenblad
99 Fædrelandsvennen
557
384
604
396
614
403
138 161 146 195 188 201 190 239 243 276 272 313 Operating revenues online 1 104 818 640 447 490 473 496 472 487 473 488 477 490 484 500 Verdens Gang 1 951 1 920 1 906
268 280 295 272 272 273 282 266 252 262 263 247 Circulation revenues - single copy newspapers (VG) 1 024 1 093 1 115 244
55
258
56
249
56
264
74
272
53
269
46
251
54
261
68
230
52
255
43
229
45
243 Schibsted Norge Trykk
60 Schibsted Forlag
200 221 957 1 053 1 015
241
87 94 81 98 80 87 70 75 72 69 64 76 Advertising revenues - single copy newspapers (VG) 281 312 360 (132) (142) (146) -149 -149 -142 -138 -121 -86 -93 -86 -75 Other/eliminations/distribution (340) (550) (569)
6
340
8
329
5
349
4
345
4
355
6
333
9
342
5
341
6
351
6
344
6
344
6 Other revenues - single copy newspapers (VG)
333 Circulation revenues - subscription newspapers
24
1 372
24
1 371
23
1 363
1 611 1 687 1 531 1 700 1 660 1 653 1 503 1 669 1 575 1 649 1 501 1 643 Total 6 368 6 485 6 529
551
54
581
55
451
48
546
55
532
55
527
60
404
54
491
62
432
47
472
49
353
50
426 Advertising revenues - subscription newspapers
60 Other revenues - subscription newspapers
1 683
206
1 954
231
2 129
212
69 99 54 57 66 60 35 48 46 71 34 30 Aftenposten EBITDA ex share of profit (loss) of associated companies 181 209 279
10 15 11 12 10 10 6 11 10 11 7 8 Eliminations/other revenues (VG) 36 37 48 31 46 26 42 32 35 22 30 20 29 21 28 Bergens Tidende 98 119 145
1 316 1 362 1 240 1 332 1 308 1 296 1 167 1 251 1 170 1 213 1 087 1 156 Print newspapers operating revenues 4 626 5 022 5 250 19
4
22
14
17
6
23 20
3
(2)
19
2
14
-
15
7
11
-
17
14
17
3
16 Stavanger Aftenblad
8 Fædrelandsvennen
61
25
68
7
81
27
55 56 56 74 53 46 54 68 52 43 45 60 Publishing 200 221 241 56 87 89 78 67 82 87 74 73 81 92 67 Verdens Gang 313 310 310
244 258 249 264 272 269 251 261 230 255 229 243 Printing (142) (150) (160) (165) (161) (159) (159) (150) (120) (138) (132) (129) Other/eliminations/distribution 957
(519)
1 053
(629)
1 015
(617)
16
-
18
1
23
5
18 25
8
-
25
-
32
2
16
(2)
13
1
31
(1)
29
(1)
22 Schibsted Norge Trykk
4 Schibsted Forlag
95
3
98
-
75
14
12
207
(6)
281
(3)
217
(11)
218
(6)
202
(7)
216
(19)
173
(10)
178
(14)
150
1
243
(19)
176
(22) Other/eliminations/distribution
153 Total
(54)
722
(42)
769
(8)
923
1 611 1 687 1 531 1 700 1 660 1 653 1 503 1 669 1 575 1 649 1 501 1 643 Total operating revenues 6 368 6 485 6 529
(68) (72) (61) (78) (81) (85) (79) (99) (106) (109) (100) (121) Online newspapers - single copy (VG) (436) (344) (279) 67 96 52 55 64 58 33 44 43 69 33 28 Aftenposten EBITA ex share of profit (loss) of associated companies 173 199 270
(64) (67) (60) (71) (79) (82) (75) (79) (93) (99) (99) (114) Online newspapers - subscription (405) (315) (262) 27 41 22 37 27 31 17 26 17 26 18 24 Bergens Tidende 85 101 127
(14)
18
(20)
22
(34)
23
(41)
28
(42)
35
(44)
38
(40)
23
(52)
30
(60)
39
(64)
40
(62)
36
46 Eliminations (73) Other online operating expenses (259)
161
(178)
126
(109)
91
13
2
17
13
12
5
18
2
15
(3)
14
1
8
(1)
11
6
7
(1)
12
13
13
1
11 Stavanger Aftenblad
7 Fædrelandsvennen
43
20
48
3
60
22
(128) (137) (132) (162) (167) (173) (171) (200) (220) (232) (225) (262) Online operating expenses (939) (711) (559) 51
(11)
84
(9)
85
(3)
75
(9)
64
(1)
79
(1)
83
7
70
(10)
69
(12)
76
5
87
3
62 Verdens Gang
(3) Schibsted Norge Trykk
294
(7)
296
(5)
295
(32)
(25) (26) (29) (25) (23) (24) (25) (20) (14) (14) (15) (13) Raw materials - single copy newspapers (VG) (56) (92) (105) - 1 5 8 - - 2 (3) 1 (1) (1) 4 Schibsted Forlag 3 (1) 14
(86) (80) (73) (93) (79) (75) (71) (83) (77) (72) (67) (81) Personnel expenses - single copy newspapers (VG)
(205) (212) (210) (213) (213) (213) (204) (203) (198) (206) (203) (212) Other operating expenses - single copy newspapers (VG)
(297)
(819)
(308)
(833)
(332)
(840)
(5)
144
(13)
230
(14)
164
(19)
167
(15)
151
(18)
164
(28)
121
(18)
126
(25)
99
(10)
190
(30)
124
(33) Other/eliminations/distribution
100 Total
(98)
513
(79)
562
(51)
705
(38) (47) (43) (43) (46) (44) (38) (42) (36) (35) (32) (36) Raw materials - subscription newspapers (139) (170) (171)
(287) (288) (258) (297) (300) (303) (255) (290) (281) (272) (242) (288) Personnel expenses - subscription newspapers
(500) (457) (446) (491) (486) (464) (442) (475) (439) (447) (410) (438) Other operating expenses - subscription newspapers
(1 083) (1 148) (1 130)
(1 734) (1 867) (1 894)
(7) (13) (11) (9) (9) (8) (7) (9) (9) (8) (7) (6) Eliminations/other expenses (VG) (30) (33) (40)
(1 148) (1 123) (1 070) (1 171) (1 156) (1 131) (1 042) (1 122) (1 054) (1 054) (976) (1 074) Print newspaper operating expenses (4 158) (4 451) (4 512) The figures have been restated for comparison purposes.
(55) (55) (51) (66) (53) (46) (52) (70) (51) (44) (46) (56) Publishing (197) (221) (227)
155 149 165 163 (228) (240) (226) (246) (247) (244) (219) (245) (217) (224) (200) (221) Printing
165
157 154 146 117 148 122 123 Other/eliminations/distribution (862)
510
(955)
622
(940)
632
1 1 2 (1) 2 2 1 (2) (1) - 2 1 Share of profit (loss) of associated companies 2 3 3
(1 403) (1 405) (1 312) (1 483) (1 456) (1 435) (1 329) (1 493) (1 426) (1 406) (1 323) (1 489) Total operating expenses (5 644) (5 713) (5 603)
8 21 20 32 25 26 27 32 31 33 44 42 EBITDA online newspapers - single copy (VG) 150 110 81
2 5 5 9 7 10 2 16 3 22 14 21 EBITDA online newspapers - subscription 60 35 21
-
10
(2)
24
(11)
14
(8)
33
(11)
21
(8)
28
(10)
19
(9)
39
(11)
23
(11)
44
(11)
47
(12) EBITDA other online
51 Total online EBITDA
(45)
165
(38)
107
(21)
81
45
120
64
173
69
101
43
115
41
110
54
109
61
65
40
87
41
74
45
111
48
63
23 EBITDA print newspapers - single copy (VG)
57 EBITDA print newspapers - subscription
157
305
196
371
221
509
3
168
2
239
-
170
3
161
1
152
2
165
(1)
125
2
129
1
116
3
159
-
111
2 EBITDA eliminations/other (VG)
82 Total print newspapers EBITDA
6
468
4
571
8
738
-
16
1
18
5
23
8
18
-
25
-
25
2
32
(2)
16
1
13
(1)
31
(1)
29
4 EBITDA publishing
22 EBITDA printing
3
95
-
98
14
75
13 (1) 5 (2) 4 (2) (5) (4) (3) 10 (10) (6) EBITDA other/distribution (9) (7) 15
1 1 2 (1) 2 2 1 (2) (1) - 2 1 EBITDA from associated companies 2 3 3
208 282 219 217 204 218 174 176 149 243 178 154 Total EBITDA 724 772 926
(2)
(1)
(2)
-
(2)
(1)
(2)
-
(2)
(1)
(1)
(1)
(2)
(1)
(1)
(1)
(2)
(1)
(2)
(1)
(3)
(2)
(4) Online newspapers - single copy (VG)
(2) Online newspapers - subscription
(11)
(6)
(6)
(4)
(8)
(2)
- - - - - - - (1) (1) - (1) - Other online (2) (1) -
(3)
(2)
(2)
(2)
(3)
(1)
(2)
(1)
(3)
(1)
(2)
(2)
(3)
(2)
(3)
(2)
(4)
(2)
(3)
(1)
(6)
(3)
(6) Total online (2) Print newspapers - single copy (VG) (19)
(8)
(11)
(7)
(10)
(6)
(13)
(1)
(13)
1
(12)
(1)
(13)
-
(13)
-
(12)
-
(13)
-
(12)
(1)
(10)
-
(11)
(2)
(9)
1
(10) Print newspapers - subscription
1 Eliminations/other (VG)
(40)
-
(50)
(1)
(51)
(1)
(16) (14) (14) (14) (14) (14) (15) (15) (12) (14) (11) (11) Total print newspapers (48) (58) (58)
-
(27)
-
(27)
-
(26)
-
(27)
-
(26)
-
(26)
-
(25)
(1)
(26)
-
(25)
-
(26)
-
(26)
- Publishing
(25) Printing
-
(102)
(1)
(103)
-
(107)
(17) (8) (10) (8) (8) (10) (9) (7) (10) (10) (9) (11) Other/distribution (40) (34) (43)
(63) (51) (53) (51) (51) (52) (52) (52) (51) (53) (52) (53) Total depreciation and amortisation (209) (207) (218)
6
1
19
5
18
4
30
9
23
6
25
9
25
1
31
15
29
2
31
21
41
12
38 EBITA Online newspapers - single copy (VG)
19 EBITA Online newspapers - subscription
139
54
104
31
73
19
-
7
(2)
22
(11)
11
(8)
31
(11)
18
(8)
26
(10)
16
(10)
36
(12)
19
(11)
41
(12)
41
(12) EBITA other online
45 Total online EBITA
(47)
146
(39)
96
(21)
71
43
107
62
160
68
89
42
102
40
97
52
97
59
52
38
75
39
64
44
100
45
54
21 EBITA print newspapers - single copy (VG)
47 EBITA print newspapers - subscription
149
265
189
321
215
458
2 3 (1) 3 1 2 (1) 1 1 1 1 3 EBITA eliminations/other (VG) 6 3 7
152 225 156 147 138 151 110 114 104 145 100 71 Total print newspapers EBITA 420 513 680
-
(11)
1
(9)
5
(3)
8
(9)
-
(1)
-
(1)
2
7
(3)
(10)
1
(12)
(1)
5
(1)
3
(3) EBITA printing 4 EBITA publishing 3
(7)
(1)
(5)
14
(32)
(4) (9) (5) (10) (4) (12) (14) (11) (13) - (19) (17) EBITA Other/distribution (49) (41) (28)
1 1 2 (1) 2 2 1 (2) (1) - 2 1 EBITA from associated companies 2 3 3
145 231 166 166 153 166 122 124 98 190 126 101 Total EBITA 515 565 708

Schibsted has as of 1 January 2013 adopted the mandatory amendments to IAS 19 Employment Benefits. The amendments are applied retrospectively and comparable figures for 2012 are restated. The restatements are described in the 1st Quarter 2013 Report.

Operating segment Schibsted Norge comprises VG media house, the four media houses (Aftenposten, Bergens Tidende, Stavanger Aftenblad and Fædrelandsvennen) previously constituting Media Norge, printing operations, and the publishing house Schibsted Forlag. The figures of 2011 have been restated.

)13 adopted the mandatory
ent Benefits. The
SEK million
2009 2009 2009 2009 2010 2010 2010 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter
2010
2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 Schibsted Sverige Media House 2013 Full year Full year Full year Full year Full year
2012
2011 2010 2009
130 135 166 190 169 189 189 234 200 230 218 249 235 244 251 270 249 254 251 289 Schibsted Tillväxtmedier revenues 1 043 1 000 897 781 621
69
84
73
90
74
75
90
118
78
104
83
121
91
96
90
132
83
102
90
121
84
100
86
140
86
121
87
148
87
119
88
159
83
153
81
156
80
135
78 of which Hitta revenues
179 Aftonbladet Nya Medier revenues
322
623
348
547
343
463
342
453
306
367
14
-
19
-
6
-
12
-
10
-
10
-
9
-
11
-
9
-
13
-
7
-
17
-
13
(42)
18
(41)
14
(38)
22
(41)
17
(12)
21
(14)
16
(7)
28 SvD online newspaper revenues
(7) Other online revenues and eliminations
82
(40)
67
(162)
46
-
40
-
51
-
228 244 247 320 283 320 294 377 311 364 325 406 327 369 346 410 407 417 395 489 Online operating revenues 1 708 1 452 1 406 1 274 1 039
397
87
388
102
419
98
391
118
372
89
386
123
396
115
350
117
320
91
346
116
347
96
319
113
294
84
321
117
320
92
290
86
271
69
276
82
304
68
277 Circulation revenues Aftonbladet
77 Advertising revenues Aftonbladet
296 1 128 1 225 1 332 1 504 1 595
379
416 444 405
5
119
14
116
8
123
15
123
7
124
11
121
15
128
9
129
6
127
5
127
9
128
8
128
3
125
4
119
5
123
5
121
5
116
5
112
3
114
6 Other revenues Aftonbladet
109 Circulation revenues SvD
19
451
17
488
28
510
42
502
42
481
113
17
121
19
89
18
143
27
124
20
145
19
102
19
147
26
128
18
140
18
106
18
141
23
120
18
123
18
91
17
125
20
103
17
125
15
82
18
119 Advertising revenues SvD
21 Other revenues SvD
429
71
459
73
515
77
518
84
466
81
738 760 755 817 736 805 775 778 690 752 704 732 644 702 648 647 581 615 589 609 Newspaper operating revenues 2 394 2 641 2 878 3 094 3 070
1
(23)
2
(22)
2
(38)
8
(44)
16
(43)
18
(58)
21
(52)
38
(78)
66
(95)
68
(93)
69
(91)
72
(103)
79
(74)
85
(74)
82
(75)
93
(84)
97
(93)
107
(103)
107
(104)
(86) Eliminations 97 Other revenues 408
(386)
339
(307)
275
(382)
93
(231)
13
(127)
944 984 966 1 101 992 1 085 1 038 1 115 972 1 091 1 007 1 107 976 1 082 1 001 1 066 992 1 036 987 1 109 Total operating revenues 4 124 4 125 4 177 4 230 3 995
(136) (138) (159) (158) (158) (164) (149) (190) (176) (204) (180) (213) (209) (214) (210) (243) (223) (230) (206) (233) Schibsted Tillväxtmedier expenses (892) (876) (773) (661) (591)
(64)
(71)
(69)
(79)
(61)
(65)
(54)
(77)
(63)
(83)
(60)
(86)
(53)
(73)
(62)
(99)
(63)
(94)
(67)
(92)
(57)
(83)
(59)
(83)
(64)
(91)
(67)
(101)
(66)
(96)
(68)
(117)
(65)
(120)
(65)
(133)
(55)
(107)
(53) of which Hitta expenses
(134) Aftonbladet Nya Medier expenses
(238)
(494)
(265)
(405)
(246)
(352)
(238)
(341)
(248)
(292)
(19)
-
(21)
-
(8)
-
(12)
-
(8)
-
(6)
-
(7)
-
(10)
-
(8)
-
(11)
-
(7)
-
(12)
-
(10)
42
(13)
41
(15)
38
(12)
41
(17)
6
(17)
8
(14)
2
(17) SvD online newspaper expenses
2 Other online expenses and eliminations
(65)
18
(50)
162
(38)
-
(31)
-
(60)
-
(226) (238) (232) (247) (249) (256) (229) (299) (278) (307) (270) (308) (268) (287) (283) (331) (354) (372) (325) (382) Online operating expenses (1 433) (1 169) (1 163) (1 033) (943)
(55)
(92)
(59)
(102)
(60)
(88)
(57)
(91)
(47)
(89)
(50)
(91)
(47)
(71)
(46)
(94)
(40)
(83)
(44)
(84)
(46)
(73)
(29)
(78)
(34)
(76)
(37)
(77)
(35)
(61)
(32)
(69)
(39)
(59)
(42)
(62)
(41)
(55)
(38) Raw materials Aftonbladet
(57) Personnel expenses Aftonbladet
(160)
(233)
(138)
(283)
(159)
(318)
(190)
(345)
(231)
(373)
(320) (306) (321) (342) (290) (310) (322) (312) (267) (294) (273) (266) (256) (277) (257) (240) (223) (227) (235) (211) Other expenses Aftonbladet (896) (1 030) (1 100) (1 234) (1 289)
(39)
(69)
(36)
(68)
(25)
(54)
(45)
(76)
(31)
(59)
(32)
(60)
(28)
(50)
(33)
(67)
(31)
(60)
(32)
(59)
(28)
(52)
(31)
(62)
(30)
(59)
(29)
(61)
(26)
(48)
(28)
(55)
(26)
(54)
(28)
(55)
(22)
(42)
(25) Raw materials SvD
(47) Personnel expenses SvD
(101)
(198)
(113)
(223)
(122)
(233)
(124)
(236)
(145)
(267)
(155)
(730)
(147)
(718)
(149)
(697)
(152)
(763)
(158)
(674)
(157)
(700)
(160)
(678)
(173)
(725)
(160)
(641)
(168)
(681)
(166)
(638)
(174)
(640)
(159)
(614)
(163)
(644)
(154)
(581)
(166)
(590)
(167)
(568)
(169)
(583)
(166)
(561)
(166) Other expenses SvD
(544) Newspaper operating expenses
(668) (642)
(2 256) (2 429) (2 600) (2 777) (2 908)
(668) (648) (603)
(7) (11) (4) (17) (26) (28) (32) (49) (79) (79) (74) (91) (88) (96) (83) (102) (102) (113) (105) (113) Other expenses (433) (369) (323) (135) (39)
23
4
22
6
38
1
44
10
43
7
58
11
52
7
78
16
95
6
93
14
91
3
103
19
74
8
74
13
75
-
84
11
93
3
103
5
104
(5)
86 Eliminations
8 Share of profit of associated companies
386
11
307
32
382
42
231
41
127
21
(936) (939) (894) (973) (899) (915) (880) (979) (897) (960) (888) (917) (888) (940) (872) (928) (928) (960) (892) (945) Total operating expenses (3 725) (3 628) (3 662) (3 673) (3 742)
(6) (3) 7 32 11 25 40 44 24 26 38 36 26 30 41 27 26 24 45 56 EBITDA Schibsted Tillväxtmedier 151 124 124 120 30
5
13
4
11
13
10
36
41
15
21
23
35
38
23
28
33
20
8
23
29
27
17
27
57
22
30
20
47
21
23
20
42
18
33
16
23
25
28
25 of which EBITDA Hitta
45 EBITDA Aftonbladet Nya Medier
84
129
83
142
97
111
104
112
58
75
(5)
-
(2)
-
(2)
-
-
-
2
-
4
-
2
-
1
-
1
-
2
-
-
-
5
-
3
-
5
-
(1)
-
10
-
-
(6)
4
(6)
2
(5)
11 EBITDA SvD online newspaper
(5) EBITDA Other online
17
(22)
17
-
8
-
9
-
(9)
-
2 6 15 73 34 64 65 78 33 57 55 98 59 82 63 79 53 45 70 107 Total online EBITDA 275 283 243 241 96
22
(14)
37
5
56
2
34
20
42
20
69
36
86
11
24
29
27
22
45
26
60
6
67
25
15
15
51
7
64
3
40
17
24
(11)
32
-
44
(16)
54 EBITDA Aftonbladet print newspaper
11 EBITDA SvD print newspaper
154
(16)
170
42
199
79
221
96
149
13
8 42 58 54 62 105 97 53 49 71 66 92 30 58 67 57 13 32 28 65 Total print newspaper EBITDA 138 212 278 317 162
(6)
4
(9)
6
(2)
1
(9)
10
(10)
7
(10)
11
(11)
7
(11)
16
(13)
6
(11)
14
(5)
3
(19)
19
(9)
8
(11)
13
(1)
-
(9)
11
(5)
3
(6)
5
2
(5)
(16) EBITDA Other
8 EBITDA from associated companies
(25)
11
(30)
32
(48)
42
(42)
41
(26)
21
8 45 72 128 93 170 158 136 75 131 119 190 88 142 129 138 64 76 95 164 Total EBITDA 399 497 515 557 253
(4) (5) (5) (5) (4) (4) (4) (4) (3) (2) (3) (2) (2) (1) (2) (1) (1) (1) (2) (2) Schibsted Tillväxtmedier (6) (6) (10) (16) (19)
(1)
(2)
(2)
(2)
(2)
(1)
(2)
(2)
(2)
(2)
(2)
(1)
(3)
(1)
(2)
(1)
(2)
(1)
(1)
(2)
(2)
(1)
(2)
(1)
(1)
(1)
(1)
(1)
(1)
-
-
(1)
-
(1)
(1)
(1)
-
(1)
- of which Hitta
(2) Aftonbladet Nya Medier
(1)
(5)
(3)
(3)
(7)
(5)
(9)
(5)
(7)
(7)
(1)
-
(1)
-
-
-
-
-
-
-
-
-
(1)
-
-
-
-
-
(1)
-
-
-
-
-
-
-
(1)
-
-
-
-
-
-
-
-
-
-
-
- SvD online newspaper
(1) Other online
-
(1)
(1)
-
(1)
-
(1)
-
(2)
-
(7) (8) (6) (7) (6) (5) (6) (5) (4) (5) (4) (3) (3) (3) (2) (2) (2) (2) (3) (5) Total online depreciation and amortisation (12) (10) (16) (22) (28)
(5)
(4)
(4)
(4)
(6)
(5)
(5)
(6)
(5)
(3)
(5)
(4)
(4)
(3)
(4)
(2)
(3)
(2)
(3)
(2)
(3)
(2)
(4)
(1)
(3)
(2)
(3)
(1)
(2)
-
(3)
(1)
(2)
(1)
(3)
-
(3)
(1)
(3) Aftonbladet print newspaper
(2) SvD print newspaper
(11)
(4)
(11)
(4)
(13)
(7)
(18)
(12)
(20)
(19)
(9) (8) (11) (11) (8) (9) (7) (6) (5) (5) (5) (5) (5) (4) (2) (4) (3) (3) (4) (5) Total print newspaper depreciation and amortisation (15) (15) (20) (30) (39)
- - - - - - (1) (2) (4) (4) (5) (6) (6) (6) (8) (7) (7) (8) (7) (6) Other depreciation and amortisation (28) (27) (19) (3) -
(16) (16) (17) (18) (14) (14) (14) (13) (13) (14) (14) (14) (14) (13) (12) (13) (12) (13) (14) (16) Total depreciation and amortisation (55) (52) (55) (55) (67)
(10)
4
(8)
2
2
11
27
34
7
13
21
21
36
35
40
26
21
18
24
22
35
25
34
25
24
21
29
19
39
20
26
20
25
18
23
15
43
25
54 EBITA Schibsted Tillväxtmedier
25 of which EBITA Hitta
145
83
118
80
114
90
104
95
11
51
11
(6)
9
(3)
9
(2)
39
-
19
2
34
4
22
1
32
1
7
1
27
1
16
-
56
5
29
3
46
4
23
(1)
41
10
32
-
22
4
27
2
43 EBITA Aftonbladet Nya Medier
11 EBITA SvD online newspaper
124
17
139
16
106
7
107
8
68
(11)
-
(5)
-
(2)
-
9
-
66
-
28
-
59
-
59
-
73
-
29
-
52
-
51
-
95
-
56
-
79
-
61
-
77
(6)
51
(6)
43
(5)
67
(6) EBITA Other online
102 Total online EBITA
(23)
263
-
273
-
227
-
219
-
68
17
(18)
33
1
50
(3)
29
14
37
17
64
32
82
8
20
27
24
20
42
24
57
4
63
24
12
13
48
6
62
3
37
16
22
(12)
29
-
41
(17)
51 EBITA Aftonbladet print newspaper
9 EBITA SvD print newspaper
143
(20)
159
38
186
72
203
84
129
(6)
(1) 34 47 43 54 96 90 47 44 66 61 87 25 54 65 53 10 29 24 60 Total print newspaper EBITA 123 197 258 287 123
(6)
4
(9)
6
(2)
1
(9)
10
(10)
7
(10)
11
(12)
7
(13)
16
(17)
6
(15)
14
(10)
3
(25)
19
(15)
8
(17)
13
(9)
-
(16)
11
(12)
3
(14)
5
(5)
(5)
(22) EBITA Other
8 EBITA from associated companies
(53)
11
(57)
32
(67)
42
(45)
41
(26)
21
(8) 29 55 110 79 156 144 123 62 117 105 176 74 129 117 125 52 63 81 148 Total EBITA 344 445 460 502 186
0,8278 0,8199 0,8390 0,8111 0,8142 0,8212 0,8483 0,8737 0,8828 0,8682 0,8492 0,8537 0,8570 0,8485 0,8760 0,8539 0,8751 0,8889 0,9138 0,9302 NOK / SEK 0,9022 0,8589 0,8631 0,8394 0,8223
EUR million
1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter Full year Full year Full year
2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 Schibsted Classified Media 2013 2012 2011
Revenues
55,2 61,5 59,0 63,9 70,2 80,9 75,9 77,8 81,4 92,6 85,5 89,6 Established phase 349,1 304,8 239,5
18,1 20,9 18,4 19,0 19,4 24,9 23,2 21,3 22,7 27,1 25,1 25,2 - Sweden 100,1 88,8 76,4
13,1 15,7 16,6 18,7 21,3 25,4 24,4 26,6 28,4 33,0 30,1 32,8 - France 124,3 97,7 64,1
24,0 24,9 24,0 26,1 29,5 30,6 28,3 29,9 30,3 32,5 30,3 31,6 - International 124,7 118,3 99,0
5,1 5,8 5,3 6,2 2,6 2,8 2,8 3,2 2,8 3,2 3,3 4,6 New ventures 13,9 11,4 22,4
1,1 1,3 1,2 1,1 1,2 1,3 1,1 1,1 0,9 1,0 1,0 0,4 Print 3,3 4,7 4,7
(0,7) (0,6) (0,4) (0,8) (0,5) (1,2) (0,3) - (0,1) - 0,1 (0,5) HQ/Eliminations (0,5) (2,0) (2,5)
60,7 68,0 65,1 70,4 73,5 83,8 79,5 82,1 85,0 96,8 89,9 94,1 Total revenues 365,8 318,9 264,1
EBITDA
24,0 31,7 30,6 32,4 30,3 42,0 38,5 35,5 37,3 47,4 42,9 40,2 Established ventures online 167,8 146,3 118,7
10,5 12,4 11,3 9,4 10,5 15,1 13,6 9,9 11,2 15,1 14,2 13,5 - Sweden 54,0 49,1 43,6
8,6 11,0 11,8 13,4 14,6 18,1 17,0 17,0 19,8 22,4 20,2 21,2 - France 83,6 66,7 44,8
4,9 8,3 7,5 9,6 5,2 8,8 7,9 8,6 6,3 9,9 8,5 5,5 - International 30,2 30,5 30,3
(8,9) (9,3) (15,0) (19,7) (18,4) (20,2) (17,1) (15,2) (32,3) (32,2) (29,5) (34,1) New ventures (128,1) (70,9) (52,9)
0,1 0,3 0,2 0,3 0,3 0,4 0,3 0,2 0,2 0,1 0,1 0,1 Print 0,5 1,2 0,9
(1,7) (2,2) (1,6) (2,4) (2,1) (2,1) (2,4) (5,8) (4,5) (4,9) (4,0) (4,5) HQ/Eliminations (17,9) (12,4) (7,9)
13,5 20,5 14,2 10,6 10,1 20,1 19,3 14,7 0,7 10,4 9,5 1,7 Total EBITDA 22,3 64,2 58,8
(1,9)
(2,6)
(1,9)
(2,6)
(2,1)
(2,5)
(1,8)
(2,7)
(2,2)
(1,6)
(2,1)
(1,6)
(2,6)
(1,5)
(2,1)
(1,6)
(2,1)
(1,6)
(2,3)
(1,5)
(2,3)
(1,6)
(1,8) Depreciation and amortisation
(1,5) Amortisation related to aquisitions
(8,5)
(6,2)
(9,0)
(6,3)
(7,7)
(10,4)
9,0 16,0 9,6 6,1 6,3 16,4 15,2 11,0 -3,0 6,6 5,6 -1,6 Total EBITA 7,6 48,9 40,7
7,82 7,83 7,77 7,76 7,59 7,56 7,39 7,36 7,43 7,62 7,93 8,24 NOK / EUR 7,81 7,48 7,79

701 Search changed to Associated company with ownership 33 percent from December 2013. Proportionate consolidated figures for 701 Search for December 2013 are included in Revenues and EBITDA in this table.

EUR million
2007 2007 2007 2007 2008 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter
2008
2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 20 Minutes Spain* Full year
2013
Full year
2012
Full year
2011
Full year
2010
12,0 13,7 6,8 12,7 10,1 11,1 5,1 8,3 6,5 7,7 4,3 7,0 5,4 6,6 3,6 6,5 4,5 5,9 3,2 5,0 3,6 4,1 1,9 4,1 2,5 3,5 1,8 3,3 Operating revenues Print 11,1 13,7 18,6 22,1
0,3
12,3
0,3
14,0
0,3
7,1
0,7
13,4
0,6
10,7
0,7
11,8
0,5
5,6
0,9
9,2
0,7
7,2
0,6
8,3
0,6
4,9
0,8
7,8
0,7
6,1
1,1
7,7
0,7
4,3
1,4
7,9
0,9
5,4
1,0
6,9
0,6
3,8
1,2
6,2
0,8
4,4
1,0
5,1
0,6
2,5
1,3
5,4
0,9
3,4
1,0
4,5
0,7
2,5
1,2 Operating revenues Online
4,5 Operating revenues
3,8
14,9
3,7
17,4
3,7
22,3
3,9
26,0
(10,8)
(0,9)
(11,7)
(0,8)
(8,0)
(1,0)
(10,8)
(1,6)
(11,0)
(1,2)
(11,4)
(1,1)
(6,9)
(1,6)
(7,9)
(1,2)
(7,8)
(1,1)
(7,6)
(1,1)
(5,2)
(1,3)
(6,0)
(1,0)
(5,9)
(0,8)
(5,8)
(1,0)
(4,5)
(0,7)
(5,8)
(1,1)
(6,0)
(0,8)
(6,2)
(1,1)
(4,5)
(0,9)
(5,5)
(0,9)
(5,8)
(1,2)
(5,9)
(1,2)
(3,4)
(1,0)
(4,5)
(1,3)
(3,4)
(1,7)
(3,6)
(1,5)
(2,4)
(1,7)
(3,0) Operating expenses Print
(1,5) Operating expenses Online
(12,4)
(6,4)
(19,6)
(4,7)
(22,2)
(3,7)
(22,0)
(3,6)
(11,7) (12,5) (9,0) (12,4) (12,2) (12,5) (8,5) (9,1) (8,9) (8,7) (6,5) (7,0) (6,7) (6,8) (5,2) (6,9) (6,8) (7,3) (5,4) (6,4) (7,0) (7,1) (4,4) (5,8) (5,1) (5,1) (4,1) (4,5) Operating expenses (18,8) (24,3) (25,9) (25,6)
1,2 2,0 (1,2) 1,9 (0,9) (0,3) (1,8) 0,4 (1,3) 0,1 (0,9) 1,0 (0,5) 0,8 (0,9) 0,7 (1,5) (0,3) (1,3) (0,5) (2,2) (1,8) (1,5) (0,4) (0,9) (0,1) (0,6) 0,3 EBITDA Print (1,3) (5,9) (3,6) 0,1
(0,6)
0,6
(0,5)
1,5
(0,7)
(1,9)
(0,9)
1,0
(0,6)
(1,5)
(0,4)
(0,7)
(1,1)
(2,9)
(0,3)
0,1
(0,4)
(1,7)
(0,5)
(0,4)
(0,7)
(1,6)
(0,2)
0,8
(0,1)
(0,6)
0,1
0,9
0,0
(0,9)
0,3
1,0
0,1
(1,4)
(0,1)
(0,4)
(0,3)
(1,6)
0,3
(0,2)
(0,4)
(2,6)
(0,2)
(2,0)
(0,4)
(1,9)
0,0
(0,4)
(0,8)
(1,7)
(0,5)
(0,6)
(1,0)
(1,6)
(0,3) EBITDA Online
0,0 Total EBITDA
(2,6)
(3,9)
(1,0)
(6,9)
0,0
(3,6)
0,3
0,4
(0,1) (0,1) (0,1) (0,1) (0,1) (0,2) (0,1) (0,1) (0,1) (0,2) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) 0,0 (0,1) 0,0 Print (0,2) (0,4) (0,4) (0,4)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,1)
(0,1)
(0,2)
(0,1)
(0,2)
0,0
(0,2)
(0,1)
(0,2)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,2)
(0,1)
(0,2)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,1)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,1)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,1)
(0,1)
(0,2)
(0,1)
(0,1)
0,0
(0,1)
(0,1) Online
(0,1) Total depreciation and amortisation
(0,3)
(0,5)
(0,1)
(0,5)
(0,2)
(0,6)
(0,2)
(0,6)
1,1
(0,6)
1,9
(0,6)
(1,3)
(0,7)
1,8
(1,0)
(1,0)
(0,7)
(0,5)
(0,4)
(1,9)
(1,2)
0,3
(0,3)
(1,4)
(0,5)
(0,1)
(0,5)
(1,0)
(0,8)
0,9
(0,2)
(0,6)
(0,2)
0,7
0,1
(1,0)
(0,1)
0,6
0,3
(1,6)
0,0
(0,4)
(0,1)
(1,4)
(0,3)
(0,6)
0,2
(2,3)
(0,4)
(1,9)
(0,2)
(1,6)
(0,5)
(0,5)
0,0
(1,0)
(0,9)
(0,1)
(0,6)
(0,7)
(1,0)
0,3 EBITA Print
(0,4) EBITA Online
(1,5)
(2,9)
(6,3)
(1,1)
(4,0)
(0,2)
(0,3)
0,1
0,5
8,17
1,3
8,11
(2,0)
7,91
0,8
7,89
(1,7)
7,96
(0,9)
7,94
(3,1)
8,06
0,0
8,94
(1,9)
9,02
(0,6)
8,84
(1,8)
8,74
0,7
8,39
(0,8)
8,11
0,8
7,91
(1,1)
7,96
0,9
8,05
(1,6)
7,82
(0,5)
7,83
(1,7)
7,77
(0,4)
7,76
(2,7)
7,59
(2,1)
7,56
(2,1)
7,39
(0,5)
7,36
(1,9)
7,43
(0,7)
7,62
(1,7)
7,93
(0,1) Total EBITA
8,24 NOK / EUR
(4,4)
7,81
(7,4)
7,48
(4,2)
7,79
(0,2)
8,01
*Includes 100% of 20Minutos Spain. Schibsted owned 80% as of 30 September 2009. Increased to 100% in October 2009.
EUR million
2007 2007 2007 2007 2008 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter
2008
2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 20 Minutes France** Full year
2013
Full year
2012
Full year
2011
Full year
2010
9,6 11,7 7,3 16,1 11,6 14,8 7,1 15,4 10,3 13,4 7,6 15,8 11,5 12,5 9,2 15,3 12,5 15,2 10,4 16,6 13,2 14,6 8,4 16,8 10,0 12,9 7,7 14,9 Operating revenues Print 45,5 53,0 54,7 48,5
0,1
9,7
0,1
11,8
0,1
7,4
0,4
16,5
0,3
11,9
0,4
15,2
0,2
7,3
0,6
16,0
0,5
10,8
0,6
14,0
0,3
7,9
0,8
16,6
0,6
12,1
1,2
13,7
0,7
9,9
1,4
16,7
1,1
13,6
1,4
16,6
1,4
11,8
2,0
18,6
1,1
14,3
1,6
16,2
0,8
9,2
1,9
18,7
1,4
11,4
1,4
14,3
1,2
8,9
2,0 Operating revenues Online
16,9 Operating revenues***
6,0
51,5
5,4
58,4
5,9
60,6
3,9
52,4
(12,4) (10,8) (7,7) (12,9) (11,6) (12,2) (8,7) (12,8) (11,6) (12,6) (9,0) (11,1) (11,9) (10,9) (10,0) (12,0) (13,3) (14,2) (11,7) (14,5) (14,9) (14,0) (10,5) (12,0) (12,7) (12,5) (9,2) (13,2) Operating expenses Print (47,6) (51,4) (53,7) (44,8)
(0,4) (0,7) (0,6) (1,0) (0,7) (1,1) (1,1) (0,9) (1,0) (0,8) (1,0) (0,8) (1,0) (1,1) (1,0) (0,9) (1,2) (1,1) (1,2) (0,9) (1,3) (1,5) (1,2) (1,5) (1,3) (1,3) (1,5) (1,4) Operating expenses Online (5,5) (5,5) (4,4) (4,0)
(12,8) (11,5) (8,3) (13,9) (12,3) (13,3) (9,8) (13,7) (12,6) (13,4) (10,0) (11,9) (12,9) (12,0) (11,0) (12,9) (14,5) (15,3) (12,9) (15,4) (16,2) (15,5) (11,7) (13,5) (14,0) (13,8) (10,7) (14,6) Operating expenses (53,1) (56,9) (58,1) (48,8)
(2,8)
(0,3)
0,9
(0,6)
(0,4)
(0,5)
3,2
(0,6)
0,0
(0,4)
2,6
(0,7)
(1,6)
(0,9)
2,6
(0,3)
(1,3)
(0,5)
0,8
(0,2)
(1,4)
(0,7)
4,7
0,0
(0,4)
(0,4)
1,6
0,1
(0,8)
(0,3)
3,3
0,5
(0,8)
(0,1)
1,0
0,3
(1,3)
0,2
2,1
1,1
(1,7)
(0,2)
0,6
0,1
(2,1)
(0,4)
4,8
0,4
(2,7)
0,1
0,4
0,1
(1,5)
(0,3)
1,7 EBITDA Print
0,6 EBITDA Online
(2,1)
0,5
1,6
(0,1)
1,0
1,5
3,7
(0,1)
(3,1) 0,3 (0,9) 2,6 (0,4) 1,9 (2,5) 2,3 (1,8) 0,6 (2,1) 4,7 (0,8) 1,7 (1,1) 3,8 (0,9) 1,3 (1,1) 3,2 (1,9) 0,7 (2,5) 5,2 (2,6) 0,5 (1,8) 2,3 Total EBITDA (1,6) 1,5 2,5 3,6
(0,2)
0,0
(0,2)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
(0,1)
(0,1)
(0,1)
(0,1)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,2)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
0,0
0,0
(0,1)
(0,2)
0,0
0,0
(0,1)
(0,1)
0,0
0,0
(0,1)
(0,1)
(0,1)
0,0 Print
(0,1) Online
(0,2)
(0,3)
(0,3)
(0,2)
(0,5)
0,0
(0,5)
(0,1)
(0,2) (0,2) (0,1) (0,1) (0,1) (0,1) (0,2) (0,2) (0,1) (0,2) (0,1) (0,1) (0,1) (0,1) (0,2) (0,2) (0,2) (0,1) (0,1) (0,1) (0,1) (0,1) (0,2) (0,1) (0,1) (0,1) (0,2) (0,1) Total depreciation and amortisation (0,5) (0,5) (0,5) (0,6)
(3,0) 0,7 (0,5) 3,1 (0,1) 2,5 (1,7) 2,5 (1,4) 0,7 (1,5) 4,6 (0,5) 1,5 (0,9) 3,1 (1,0) 0,9 (1,4) 2,0 (1,8) 0,6 (2,3) 4,8 (2,8) 0,4 (1,6) 1,7 EBITA Print (2,3) 1,3 0,5 3,2
(0,3)
(3,3)
8,17
(0,6)
0,1
8,11
(0,5)
(1,0)
7,91
(0,6)
2,5
7,89
(0,4)
(0,5)
7,96
(0,7)
1,8
7,94
(1,0)
(2,7)
8,06
(0,4)
2,1
8,94
(0,5)
(1,9)
9,02
(0,3)
0,4
8,84
(0,7)
(2,2)
8,74
0,0
4,6
8,39
(0,4)
(0,9)
8,11
0,1
1,6
7,91
(0,4)
(1,3)
7,96
0,5
3,6
8,05
(0,1)
(1,1)
7,82
0,3
1,2
7,83
0,2
(1,2)
7,77
1,1
3,1
7,76
(0,2)
(2,0)
7,59
0,0
0,6
7,56
(0,4)
(2,7)
7,39
0,3
5,1
7,36
0,1
(2,7)
7,43
(0,0)
0,4
7,62
(0,4)
(2,0)
7,93
0,5 EBITA Online
2,2 Total EBITA
8,24 NOK / EUR
0,2
(2,1)
7,81
(0,3)
1,0
7,48
1,5
2,0
7,79
(0,2)
3,0
8,01
2007 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter
2007
2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 20 Minutes Spain* Full year
2013
Full year
2012
Full year
2011
Full year
2010
12,0
0,3
13,7
0,3
6,8
0,3
12,7
0,7
10,1
0,6
11,1
0,7
5,1
0,5
8,3
0,9
6,5
0,7
7,7
0,6
4,3
0,6
7,0
0,8
5,4
0,7
6,6
1,1
3,6
0,7
6,5
1,4
4,5
0,9
5,9
1,0
3,2
0,6
5,0
1,2
3,6
0,8
4,1
1,0
1,9
0,6
4,1
1,3
2,5
0,9
3,5
1,0
1,8
0,7
3,3 Operating revenues Print
1,2 Operating revenues Online
11,1
3,8
13,7
3,7
18,6
3,7
22,1
3,9
12,3 14,0 7,1 13,4 10,7 11,8 5,6 9,2 7,2 8,3 4,9 7,8 6,1 7,7 4,3 7,9 5,4 6,9 3,8 6,2 4,4 5,1 2,5 5,4 3,4 4,5 2,5 4,5 Operating revenues 14,9 17,4 22,3 26,0
(10,8)
(0,9)
(11,7)
(0,8)
(8,0)
(1,0)
(10,8)
(1,6)
(11,0)
(1,2)
(11,4)
(1,1)
(6,9)
(1,6)
(7,9)
(1,2)
(7,8)
(1,1)
(7,6)
(1,1)
(5,2)
(1,3)
(6,0)
(1,0)
(5,9)
(0,8)
(5,8)
(1,0)
(4,5)
(0,7)
(5,8)
(1,1)
(6,0)
(0,8)
(6,2)
(1,1)
(4,5)
(0,9)
(5,5)
(0,9)
(5,8)
(1,2)
(5,9)
(1,2)
(3,4)
(1,0)
(4,5)
(1,3)
(3,4)
(1,7)
(3,6)
(1,5)
(2,4)
(1,7)
(3,0) Operating expenses Print
(1,5) Operating expenses Online
(12,4)
(6,4)
(19,6)
(4,7)
(22,2)
(3,7)
(22,0)
(3,6)
(11,7) (12,5) (9,0) (12,4) (12,2) (12,5) (8,5) (9,1) (8,9) (8,7) (6,5) (7,0) (6,7) (6,8) (5,2) (6,9) (6,8) (7,3) (5,4) (6,4) (7,0) (7,1) (4,4) (5,8) (5,1) (5,1) (4,1) (4,5) Operating expenses (18,8) (24,3) (25,9) (25,6)
1,2
(0,6)
2,0
(0,5)
(1,2)
(0,7)
1,9
(0,9)
(0,9)
(0,6)
(0,3)
(0,4)
(1,8)
(1,1)
0,4
(0,3)
(1,3)
(0,4)
0,1
(0,5)
(0,9)
(0,7)
1,0
(0,2)
(0,5)
(0,1)
0,8
0,1
(0,9)
0,0
0,7
0,3
(1,5)
0,1
(0,3)
(0,1)
(1,3)
(0,3)
(0,5)
0,3
(2,2)
(0,4)
(1,8)
(0,2)
(1,5)
(0,4)
(0,4)
0,0
(0,9)
(0,8)
(0,1)
(0,5)
(0,6)
(1,0)
0,3 EBITDA Print
(0,3) EBITDA Online
(1,3)
(2,6)
(5,9)
(1,0)
(3,6)
0,0
0,1
0,3
0,6 1,5 (1,9) 1,0 (1,5) (0,7) (2,9) 0,1 (1,7) (0,4) (1,6) 0,8 (0,6) 0,9 (0,9) 1,0 (1,4) (0,4) (1,6) (0,2) (2,6) (2,0) (1,9) (0,4) (1,7) (0,6) (1,6) 0,0 Total EBITDA (3,9) (6,9) (3,6) 0,4
(0,1)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,1)
(0,1)
(0,1)
(0,1)
(0,2)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,1)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,1)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,1)
(0,1)
0,0
(0,1)
(0,1)
0,0
0,0 Print
(0,1) Online
(0,2)
(0,3)
(0,4)
(0,1)
(0,4)
(0,2)
(0,4)
(0,2)
(0,1) (0,2) (0,1) (0,2) (0,2) (0,2) (0,2) (0,1) (0,2) (0,2) (0,2) (0,1) (0,2) (0,1) (0,2) (0,1) (0,2) (0,1) (0,1) (0,2) (0,1) (0,1) (0,2) (0,1) (0,2) (0,1) (0,1) (0,1) Total depreciation and amortisation (0,5) (0,5) (0,6) (0,6)
1,1
(0,6)
1,9
(0,6)
(1,3)
(0,7)
1,8
(1,0)
(1,0)
(0,7)
(0,5)
(0,4)
(1,9)
(1,2)
0,3
(0,3)
(1,4)
(0,5)
(0,1)
(0,5)
(1,0)
(0,8)
0,9
(0,2)
(0,6)
(0,2)
0,7
0,1
(1,0)
(0,1)
0,6
0,3
(1,6)
0,0
(0,4)
(0,1)
(1,4)
(0,3)
(0,6)
0,2
(2,3)
(0,4)
(1,9)
(0,2)
(1,6)
(0,5)
(0,5)
0,0
(1,0)
(0,9)
(0,1)
(0,6)
(0,7)
(1,0)
0,3 EBITA Print
(0,4) EBITA Online
(1,5)
(2,9)
(6,3)
(1,1)
(4,0)
(0,2)
(0,3)
0,1
0,5
8,17
1,3
8,11
(2,0)
7,91
0,8
7,89
(1,7)
7,96
(0,9)
7,94
(3,1)
8,06
0,0
8,94
(1,9)
9,02
(0,6)
8,84
(1,8)
8,74
0,7
8,39
(0,8)
8,11
0,8
7,91
(1,1)
7,96
0,9
8,05
(1,6)
7,82
(0,5)
7,83
(1,7)
7,77
(0,4)
7,76
(2,7)
7,59
(2,1)
7,56
(2,1)
7,39
(0,5)
7,36
(1,9)
7,43
(0,7)
7,62
(1,7)
7,93
(0,1) Total EBITA
8,24 NOK / EUR
(4,4)
7,81
(7,4)
7,48
(4,2)
7,79
(0,2)
8,01
EUR million 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter Full year Full year Full year Full year
2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 20 Minutes France** 2013 2012 2011 2010
9,6
0,1
11,7
0,1
7,3
0,1
16,1
0,4
11,6
0,3
14,8
0,4
7,1
0,2
15,4
0,6
10,3
0,5
13,4
0,6
7,6
0,3
15,8
0,8
11,5
0,6
12,5
1,2
9,2
0,7
15,3
1,4
12,5
1,1
15,2
1,4
10,4
1,4
16,6
2,0
13,2
1,1
14,6
1,6
8,4
0,8
16,8
1,9
10,0
1,4
12,9
1,4
7,7
1,2
14,9 Operating revenues Print
2,0 Operating revenues Online
45,5
6,0
53,0
5,4
54,7
5,9
48,5
3,9
9,7 11,8 7,4 16,5 11,9 15,2 7,3 16,0 10,8 14,0 7,9 16,6 12,1 13,7 9,9 16,7 13,6 16,6 11,8 18,6 14,3 16,2 9,2 18,7 11,4 14,3 8,9 16,9 Operating revenues*** 51,5 58,4 60,6 52,4
(12,4) (10,8) (7,7) (12,9) (11,6) (12,2) (8,7) (12,8) (11,6) (12,6) (9,0) (11,1) (11,9) (10,9) (10,0) (12,0) (13,3) (14,2) (11,7) (14,5) (14,9) (14,0) (10,5) (12,0) (12,7) (12,5) (9,2) (13,2) Operating expenses Print (47,6) (51,4) (53,7) (44,8)
(0,4)
(12,8)
(0,7)
(11,5)
(0,6)
(8,3)
(1,0)
(13,9)
(0,7)
(12,3)
(1,1)
(13,3)
(1,1)
(9,8)
(0,9)
(13,7)
(1,0)
(12,6)
(0,8)
(13,4)
(1,0)
(10,0)
(0,8)
(11,9)
(1,0)
(12,9)
(1,1)
(12,0)
(1,0)
(11,0)
(0,9)
(12,9)
(1,2)
(14,5)
(1,1)
(15,3)
(1,2)
(12,9)
(0,9)
(15,4)
(1,3)
(16,2)
(1,5)
(15,5)
(1,2)
(11,7)
(1,5)
(13,5)
(1,3)
(14,0)
(1,3)
(13,8)
(1,5)
(10,7)
(1,4) Operating expenses Online
(14,6) Operating expenses
(5,5)
(53,1)
(5,5)
(56,9)
(4,4)
(58,1)
(4,0)
(48,8)
(2,8) 0,9 (0,4) 3,2 0,0 2,6 (1,6) 2,6 (1,3) 0,8 (1,4) 4,7 (0,4) 1,6 (0,8) 3,3 (0,8) 1,0 (1,3) 2,1 (1,7) 0,6 (2,1) 4,8 (2,7) 0,4 (1,5) 1,7 EBITDA Print (2,1) 1,6 1,0 3,7
(0,3)
(3,1)
(0,6)
0,3
(0,5)
(0,9)
(0,6)
2,6
(0,4)
(0,4)
(0,7)
1,9
(0,9)
(2,5)
(0,3)
2,3
(0,5)
(1,8)
(0,2)
0,6
(0,7)
(2,1)
0,0
4,7
(0,4)
(0,8)
0,1
1,7
(0,3)
(1,1)
0,5
3,8
(0,1)
(0,9)
0,3
1,3
0,2
(1,1)
1,1
3,2
(0,2)
(1,9)
0,1
0,7
(0,4)
(2,5)
0,4
5,2
0,1
(2,6)
0,1
0,5
(0,3)
(1,8)
0,6 EBITDA Online
2,3 Total EBITDA
0,5
(1,6)
(0,1)
1,5
1,5
2,5
(0,1)
3,6
(0,2) (0,2) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,1) (0,2) (0,2) (0,1) (0,1) (0,1) (0,1) 0,0 (0,2) 0,0 (0,1) 0,0 (0,1) 0,0 Print (0,2) (0,3) (0,5) (0,5)
0,0
(0,2)
0,0
(0,2)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
(0,1)
(0,2)
(0,1)
(0,2)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
(0,1)
(0,2)
0,0
(0,2)
0,0
(0,2)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
0,0
(0,1)
(0,1)
(0,1)
0,0
(0,2)
(0,1)
(0,1)
0,0
(0,1)
(0,1)
(0,1)
(0,1)
(0,2)
(0,1) Online
(0,1) Total depreciation and amortisation
(0,3)
(0,5)
(0,2)
(0,5)
0,0
(0,5)
(0,1)
(0,6)
(3,0)
(0,3)
0,7
(0,6)
(0,5)
(0,5)
3,1
(0,6)
(0,1)
(0,4)
2,5
(0,7)
(1,7)
(1,0)
2,5
(0,4)
(1,4)
(0,5)
0,7
(0,3)
(1,5)
(0,7)
4,6
0,0
(0,5)
(0,4)
1,5
0,1
(0,9)
(0,4)
3,1
0,5
(1,0)
(0,1)
0,9
0,3
(1,4)
0,2
2,0
1,1
(1,8)
(0,2)
0,6
0,0
(2,3)
(0,4)
4,8
0,3
(2,8)
0,1
0,4
(0,0)
(1,6)
(0,4)
1,7 EBITA Print
0,5 EBITA Online
(2,3)
0,2
1,3
(0,3)
0,5
1,5
3,2
(0,2)

**Includes 100% of 20Minutes France. Schibsted owns 50%.

*** The operating revenues above for Q4 2008 and full year 2008 are not fully comparable with the operating revenues for Q4 2009 and full year 2009. Comparable revenue for 4 quarter 2008 is EUR 15,3 million and for full year 2008 EUR 49,4 million

1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter
2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 Circulation volume YTD
Aftenposten
252 928 253 007 249 383 250 179 253 371 251 450 247 163 247 557 247 116 247 276 243 423 243 188 242 990 242 388 239 349 239 831 239 324 238 509 235 659 235 795 230 776 230 142 225 245 225 981 221 776 218 994 214 829 214 026 Morning edition
221 908 221 894 218 467 219 152 220 992 220 602 215 937 216 465 216 592 216 621 212 058 212 835 213 994 213 536 209 622 210 608 210 819 209 542 205 781 206 645 203 039 201 561 195 719 197 590 196 533 194 266 190 326 190 472 Sunday edition
135 992 134 713 131 033 131 089 129 464 128 120 124 875 124 807 120 065 116 421 112 411 111 566 107 109 106 459 104 475 105 012 105 156 104 114 101 776 101 754 100 375 99 086 95 447 96 100 - - - - Afternoon edition
Bergens Tidende
88 490 88 133 87 440 87 669 86 345 86 057 85 647 85 826 83 701 83 394 83 024 83 086 82 709 82 308 81 776 82 432 80 594 80 363 79 252 79 467 77 833 77 748 77 257 76 817 73 798 73 837 73 103 73 736 Weekday edition
84 810 84 233 83 254 83 363 83 276 83 190 82 484 82 634 81 628 80 014 80 716 80 235 81 227 80 845 80 011 80 971 79 995 79 479 79 890 78 371 78 668 78 286 77 447 76 950 74 687 74 343 73 430 73 606 Sunday edition
Stavanger Aftenblad
68 579 68 247 67 733 68 010 67 080 66 838 66 486 66 344 66 179 65 879 65 496 65 298 64 870 64 720 64 267 63 988 63 604 63 471 63 248 63 283 62 025 61 886 61 501 61 636 59 412 59 176 58 645 59 262 Weekday edition
Fædrelandsvennen
40 704 40 489 40 437 41 326 39 918 39 763 39 669 40 729 38 618 38 696 38 521 39 454 37 121 37 109 36 533 37 541 35 983 35 903 35 791 36 603 34 114 33 989 35 225 35 441 35 117 35 043 35 008 34 845 Weekday edition
VG
303 711 305 618 313 524 309 610 288 991 287 312 290 398 284 414 256 650 259 350 266 183 262 374 237 166 235 564 238 715 233 295 207 620 210 315 215 531 211 588 189 165 189 926 190 539 188 353 168 830 166 974 167 425 164 430 Weekday edition
258 084 261 028 263 729 262 786 237 677 245 080 243 142 240 264 219 749 222 043 222 345 221 349 209 372 212 741 211 008 206 646 202 133 201 845 199 234 198 105 187 643 185 381 179 156 179 434 167 959 166 465 160 570 159 573 Sunday edition
Aftonbladet*
393 300 388 700 393 990 387 933 368 655 372 700 375 700 368 200 344 700 348 100 354 300 348 800 312 900 244 700 243 300 246 900 240 600 213 500 212 900 213 100 207 300 182 003 182 500 181 700 176 475 Weekday edition
454 700 458 900 462 497 455 508 443 383 439 400 436 300 425 600 399 900 408 900 418 400 410 800 364 700 281 100 278 500 279 400 272 100 240 000 235 800 236 100 228 200 196 891 196 300 197 000 191 400 Sunday edition
Svenska Dagbladet
198 618 196 300 193 100 194 900 200 500 196 700 191 649 193 300 200 535 195 421 194 791 195 400 199 700 197 300 191 722 192 000 189 800 190 100 185 100 185 600 182 400 179 700 175 000 174 400 166 900 164 500 159 600 159 000 Weekday edition
209 409 206 100 202 900 204 500 211 400 206 500 202 186 203 800 212 465 209 849 204 414 204 900 203 700 200 900 195 961 196 610 194 100 193 600 188 400 188 900 187 700 185 000 180 700 179 800 171 400 169 200 165 000 164 400 Sunday edition

*) The Aftonbladet circulation volume figures as of Q1 2011 and onwards are not fully comparable with the previous data, as a concequence of a change in methodology.

1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter Full year Full year Full year Full year Full year Full year Full year
2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 Print advertising volume 2013 2012 2011 2010 2009 2008 2007
2 674 3 054 2 721 3 080 2 457 2 944 2 596 2 716 2 781 3 004 2 875 3 118 VG 11 778 10 713 11 529 12 010 11 146 11 721 11 098
3 857 4 871 4 387 5 213 4 156 5 360 3 978 4 231 3 499 4 894 3 848 4 672 Aftonbladet 16 913 17 725 18 328 19 713 18 158 16 749 14 988
5 824 6 882 5 554 6 536 5 828 5 783 5 047 6 122 5 306 6 499 4 778 6 105 SvD 22 688 22 780 24 796 26 464 23 788 26 020 26 384
17 132 19 311 14 796 17 953 17 472 20 078 15 186 18 214 15 458 15 834 14 910 16 443 Aftenposten 62 645 70 950 69 192 70 189 65 356 84 509 89 917
5 854 6 886 5 293 6 304 6 045 6 431 5 006 5 484 5 622 6 516 5 492 5 815 Bergens Tidende 23 445 22 966 24 337 24 002
5 184 6 001 4 824 5 470 5 323 5 563 4 379 5 075 4 654 5 205 3 957 4 958 Stavanger Aftenblad 18 774 20 340 21 479 21 809
4 014 5 243 4 089 4 408 4 112 4 687 3 753 4 030 3 264 4 400 3 437 3 981 Fædrelandsvennen 15 082 16 582 17 754 16 741

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