Vend Marketplaces ASA

Earnings Release • Feb 13, 2014

Schibsted ASA (SCH) - Interim Financial Statement Q4 2013

Schibsted ASA (SCH) - Interim Financial Statement Q4 2013

Today, Schibsted Media Group released its Q4 2013 report, showing operating

revenues of NOK 3.94 billion. The underlying growth was 2 percent. The Online

classifieds segment increased its revenues underlying with 15 percent, 20

percent excluding Spain. The gross operating profit (EBITDA) was NOK 406 million

(501 million). Excluding the Online classifieds Investment phase, the EBITDA

increased to NOK 686 million from NOK 613 million in the corresponding quarter

in 2012.

- Schibsted Media Group's digital revenues continued to grow well in Q4 2013,

and the group is on a good path to digitalisation, CEO Rolv Erik Ryssdal says.

- Schibsted has the aim of taking an active role in consolidation in online

classifieds. Today we are delighted to announce that we have acquired the

Spanish online classifieds site Milanuncios.com, which over the last few years

has gained popularity in Spain. This reinforces our position as a clear leader

in the Spanish online classifieds market, and enables us to deliver a broad

range of great services to our Spanish users and advertisers. We have also

teamed up with our competitor Avito in Morocco, creating a clear market leader,

Rolv Erik Ryssdal says.

- Our key established online classifieds operations in Norway, Sweden and France

ended 2013 on a strong note, with good growth rates and stable, high margins. We

will continue with a long term strategy focusing on traffic growth and market

leader-ship. Finn will turn free for certain private categories to boost user

engagement. Parts of the private listings on Finn Torget will be turned into a

'freemium' model during 2014, Rolv Erik Ryssdal says.

- We see good results of our increased investments in roll out of our online

classifieds concepts in new markets. In Brazil, where we now have partnered up

with Telenor, the growth was strong in Q4. We had a leading position ahead of

OLX by the end of December, Rolv Erik Ryssdal says.

- Our media houses are developing new online services at high speed. Mobile and

web TV is getting increasingly popular, and after the launch of Aftenposten and

Bergens Tidende's new digital subscription products in Q4 all our main

subscription newspapers have launched online user payment options. We are also

building our competence and systems within advanced data analytics and payment

services. This will help create the best solutions for our advertisers and users

in the future, CEO Rolv Erik Ryssdal says.

Highlights of Q4 2013

(Figures in brackets refer to the corresponding period in 2012. Underlying

figures are adjusted for currency effects and acquisitions and divestments.)

* Underlying group operating revenues increased 2 percent , with underlying

online classifieds revenue up 15 percent. Excluding Spain, the growth was

20 percent

* EBITDA of NOK 406 million (501 million), and NOK 686 million (613 million)

excluding investments in New Ventures in online classifieds.

* Online classifieds EBITDA margin of 16 percent (28%). 42 percent (42%)

excluding investments in New Ventures

* Continued growth and high margins in Norway, Sweden and France

* Agreed to acquire Milanuncios.com, reinforcing the position as a clear

market leader in the Spanish online classifieds market

* Buy-out of minorities in DoneDeal.ie. Joining forces with competitor in

Morocco, creating a strong market leader

* Strong growth in key performance indicators like number of new ads in

the investment phase sites, including Brazil

* Emerging markets roll out strengthened through new joint venture with

Telenor, which was established in Q4

* Online growth and cost reductions secure stable margins in media houses

* Online advertising growth of 9 percent in the media houses. Mobile and

web TV are key drivers

* Continued significant decline for print advertising and circulation

* Digital transition and cost efficiency programs progress as planned

* Dividend proposed at NOK 3.50 per share for 2013

Q4 Q4       Full year

2012 2013  (MNOK) 2013 2012

3,811 3,937 Operating revenues     15,232     14,763

501 406 Gross operating profit (EBITDA) 1,672 2,043

13 % 10 % EBITDA margin 11 % 14 %

Gross operating profit (EBITDA)

613 686 ex. Investment phase       2,672       2,573

EBITDA margin ex. Investment

16 % 18 % phase 18 % 18 %

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(424)       1,500 Profit (loss) before taxes       2,015         620

--------------------------------------------------------------------------------

Adjusted Earnings per share

2.36 0.44 (EPS)        3.90        8.18

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

13 February 2014 at 09:00 CET. The presentation will be transmitted live as a

video webcast on www.schibsted.com/ir.

A conference call with Q&A linked to the Q4 2013 results will take place 13

February 2014 at 14:00 CET. Please dial in at the following numbers:

International: +44(0)20 3427 1908

From Norway: 800 56054

Conference code: 5670722

Contact persons:

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

Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733

Oslo, 13 February 2014

SCHIBSTED ASA

Jo Christian Steigedal

VP Investor Relations

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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