Vend Marketplaces ASA

Earnings Release • Jul 18, 2023

Financials and analytical info Q2 2023

• 1. Profit loss statement
• 1. Balance sheet
• 1. Cash flow
• 1. Segment overview
• 1. Nordic Marketplaces
• 1. News Media
• 1. Delivery
• 1. Growth & Investments

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

For questions, please contact Schibsted IR:

Jann-Boje Meinecke, Head of IR ir@schibsted.com +47 941 00 835

Malin Langtvedt, IR Officer ir@schibsted.com +47 916 86 710

schibsted.com/ir

NOK million

										SCHIBSTED GROUP
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	CONDENSED CONSOLIDATED		Year to date Year to date	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	INCOME STATEMENT	2023	2022	2022	2021
restated	restated	restated	restated											restated
702	832	892	884	954	1 027	1 002	983	1 074		1 192 Classified revenues	2 266	1 981	3 965	3 309
705	843	765	995	766	885	733	929	700		806 Advertising revenues	1 506	1 651	3 313	3 309
551	670	613	801	615	730	580	765	574		670 -of which digital	1 245	1 345	2 689	2 634
763	753	789	788	773	820	841	854	863		887 Subscription revenues	1 749	1 592	3 287	3 093
374	374	404	403	399	450	472	484	499		523 -of which digital	1 022	849	1 806	1 556
273	282	288	264	239	248	249	229	203		212 Casual sales	415	487	966	1 107
958	908	933	1 006	916	900	931	993	936		948 Other revenues	1 884	1 816	3 741	3 804
3 401	3 619	3 667	3 936	3 648	3 880	3 756	3 988	3 776		4 044 Operating revenues	7 820	7 528	15 272	14 623
(146)	(129)	(115)	(141)	(148)	(138)	(125)	(139)	(125)		(114) Raw materials and finished goods	(239)	(286)	(549)	(531)
(1 299)	(1 366)	(1 293)	(1 527)	(1 453)	(1 534)	(1 389)	(1 554)	(1 572)		(1 612) Personnel expenses	(3 183)	(2 987)	(5 929)	(5 486)
(1 361)	(1 380)	(1 490)	(1 634)	(1 566)	(1 589)	(1 587)	(1 645)	(1 656)		(1 648) Other operating expenses	(3 305)	(3 155)	(6 387)	(5 865)
594	743	769	634	480	620	655	651	423		670 Gross operating profit (loss) - EBITDA	1 094	1 100	2 406	2 740
(220)	(233)	(268)	(262)	(263)	(278)	(283)	(292)	(314)		(297) Depreciation and amortisation	(611)	(541)	(1 117)	(984)
(6)	(91)	(7)	(14)	(2)	(6)	(0)	(23)	(9)		(1) Impairment loss	(10)	(8)	(31)	(119)
6	59	115	1	-	10	2	1	36		24 Other income	60	10	13	181
(31)	(45)	(26)	(70)	(32)	(57)	(32)	(52)	(116)		(33) Other expenses	(150)	(89)	(173)	(172)
343	432	583	289	184	289	342	285	20		362 Operating profit (loss)	383	472	1 099	1 647
(0)	(22)	(24)	(146)	(53)	11	(170)	(270)	(5 295)		(1 090) Share of profit (loss) of joint ventures and associates	(6 385)	(41)	(482)	(193)
-	-	(2)	(19 998)	(13 531)	(6 564)	(3 153)	424	7 281		(784) Impairment loss on joint ventures and associates (recognised or reversed)	6 498	(20 094)	(22 823)	(20 000)
3	5	8	131	1	1	16	657	-		(4) Gains (losses) on disposal of joint ventures and associates	(4)	2	675	148
3	4	3	18	83	13	4	17	321		45 Financial income	191	95	117	28
(56)	(58)	(58)	(78)	(75)	(100)	(101)	(553)	(148)		(399) Financial expense	(373)	(175)	(830)	(248)
294	362	509	(19 782)	(13 391)	(6 350)	(3 062)	559	2 179		(1 868) Profit (loss) before taxes	311	(19 741)	(22 244)	(18 618)
(71)	(57)	(96)	(57)	(45)	(62)	(75)	(72)	(9)		(80) Taxes	(89)	(107)	(254)	(280)
222	305	414	(19 839)	(13 436)	(6 412)	(3 137)	487	2 170		(1 949) Profit (loss) from continuing operations	221	(19 848)	(22 497)	(18 898)
(501)	60 471	(3)	(2)	(0)	(0)	-	(24)	(0)		0 Profit (loss) from discontinued operations	0	(0)	(24)	59 965
(279)	60 776	410	(19 841)	(13 436)	(6 412)	(3 137)	464	2 170		(1 949) Profit (loss)	221	(19 848)	(22 521)	41 066
										Profit (loss) attributable to:
(175)	(135)	18	18	18	19	15	9	10		21 Non-controlling interests	30	36	60	(274)
(104)	60 911	392	(19 859)	(13 454)	(6 430)	(3 152)	454	2 160		(1 969) Owners of the parent	191	(19 884)	(22 582)	41 341
										Earnings per share (NOK)
(0,44)	260,36	1,68	(84,86)	(57,49)	(27,48)	(13,46)	1,94	9,34		(8,59) Basic	0,83	(84,96)	(96,53)	176,70
(0,44) 1,41	259,92 3,50	1,67 1,28	(84,86) 0,35	(57,49) 0,44	(27,48) 0,75	(13,46) 0,04	1,94 (0,45)	9,33 (23,07)		(8,59) Diluted (1) (4,38) Basic - adjusted	0,83 (27,54)	(84,96) 1,18	(96,53) 0,77	176,70 6,54
1,41	3,50	1,28	0,35	0,44	0,75	0,04	(0,45)	(23,05)		(4,38) Diluted - adjusted (1)	(27,51)	1,18	0,77	6,54

(1) Diluted EPS disclosed in Q4 2021 to Q3 2022 have been restated in accordance with accounting standards.

NOK million

CONDENSED CONSOLIDATED	31.03	30.06	30.09	31.12	31.03	30.06	30.09	31.12	31.03	30.06
STATEMENT OF FINANCIAL POSITION	2021	2021	2021	2021	2022	2022	2022	2022	2023	2023
Intangible assets	5 824	9 420	9 363	9 313	9 373	10 016	10 225	10 389	11 079	11 279
Property, plant and equipment	462	499	496	520	532	525	526	535	537	564
Right-of-use assets	1 549	1 516	1 441	1 355	1 369	1 957	1 868	1 796	2 002	2 039
Investments in joint ventures and associates	918	69 883	69 898	48 520	33 880	29 883	27 380	23 523	26 503	25 177
Deferred tax assets	709	716	737	621	604	579	583	584	568	540
Other non-current assets	97	132	285	736	963	921	908	937	897	824
Non-current assets	9 560	82 166	82 221	61 065	46 723	43 880	41 489	37 763	41 585	40 424
Contract assets	170	267	255	210	247	254	191	167	129	156
Trade receivables and other current assets	1 835	1 617	1 758	1 806	1 940	1 993	2 222	2 040	2 173	2 180
Cash and cash equivalents	1 104	727	709	1 108	1 337	293	287	3 738	2 683	1 487
Assets held for sale	33 292	-	-	-	-	-	-	-	-	-
Current assets	36 401	2 610	2 722	3 125	3 524	2 541	2 700	5 945	4 985	3 823
Total assets	45 961	84 776	84 943	64 189	50 246	46 421	44 189	43 708	46 570	44 247
Paid-in equity	7 034	7 026	7 049	7 060	7 061	7 068	7 080	7 095	7 092	7 113
Other equity	2 770	64 120	64 340	43 271	28 010	23 930	21 526	21 518	24 506	22 335
Equity attributable to owners of the parent	9 804	71 145	71 389	50 332	35 071	30 997	28 606	28 613	31 598	29 449
Non-controlling interests	5 465	112	130	201	220	161	178	188	206	141
Equity	15 269	71 257	71 519	50 533	35 291	31 158	28 785	28 801	31 804	29 589
Deferred tax liabilities	331	641	590	576	550	580	564	502	530	535
Pension liabilities	1 094	1 065	1 252	1 090	1 044	1 045	1 182	1 145	1 085	1 037
Non-current interest-bearing loans and borrowings	3 078	6 344	3 034	3 592	4 587	5 657	5 670	4 630	4 142	4 906
Non-current lease liabilities	1 424	1 388	1 316	1 237	1 244	1 874	1 809	1 755	1 941	1 977
Other non-current liabilities	269	389	379	340	511	567	544	588	610	436
Non-current liabilities	6 195	9 827	6 571	6 835	7 936	9 723	9 769	8 620	8 309	8 891
Current interest-bearing loans and borrowings	675	79	3 375	3 274	3 271	1 674	1 676	1 724	2 005	1 233
Income tax payable	95	122	190	154	141	105	169	232	151	121
Current lease liabilities	293	298	307	306	327	306	301	325	343	334
Contract liabilities	635	632	588	553	618	628	611	574	689	651
Other current liabilities	2 322	2 562	2 392	2 534	2 662	2 826	2 879	3 432	3 268	3 426
Liabilities held for sale	20 476	-	-	-	-	-	-	-	-	-
Current liabilities	24 497	3 692	6 853	6 821	7 019	5 539	5 635	6 288	6 456	5 766
Total equity and liabilities	45 961	84 776	84 943	64 189	50 246	46 421	44 189	43 708	46 570	44 247

NOK million

CONDENSED CONSOLIDATED	31.03	30.06	30.09	31.12	31.03	30.06	30.09	31.12	31.03	30.06
STATEMENT OF CASH FLOWS	2021	2021	2021	2021	2022	2022	2022	2022	2023	2023
	restated	restated	restated	restated
Profit (loss) before taxes from continuing operations	294	655		1 165 (18 618) (13 391) (19 741) (22 803) (22 244)					2 179	311
Profit (loss) before taxes from discontinued operations	(335)	(130)	(134)	(134)	-	-	-	-	-	-
Depreciation, amortisation and impairment losses (recognised or reversed)	226	552		829 21 103 13 796 20 643 24 079 23 971					(6 959)	(5 877)
Net interest expense *	126	243	293	347	55	120	191	267	68	156
Net effect pension liabilities	(55)	(79)	(71)	(85)	(47)	(45)	(33)	(22)	(59)	(108)
Share of loss (profit) of joint ventures and associates	-	23	47	193	53	41	212	482	5 295	6 385
Dividends received from joint ventures and associates	12	13	16	16	-	55	55	56	-	25
Interest received *	3	5	7	9	2	5	8	24	31	61
Interest paid *	(45)	(319)	(357)	(414)	(46)	(130)	(184)	(266)	(85)	(194)
Taxes paid	(199)	(397)	(415)	(424)	(81)	(190)	(206)	(260)	(104)	(216)
Sales losses (gains) on non-current assets and other non-cash losses (gains)	553	522	404	309	(64)	(37)	(30)	(233)	(263)	3
Change in working capital and provisions *	136	230	49	195	(141)	(187)	(319)	(90)	113	112
Net cash flow from operating activities	715	1 318	1 833	2 498	137	535	970	1 684	215	658
- of which from continuing operations	299	977	1 493	2 157	137	535	970	1 684	215	658
- of which from discontinued operations	416	341	341	341	-	-	-	-	-	-
Net cash flow from investing activities	(404)	(4 914)	(5 278)	(5 923)	(744)	(1 103)	(1 377)	2 616	(216)	(726)
- of which from continuing operations	(424)	(3 534)	(3 782)	(4 425)	(744)	(1 103)	(1 377)	2 616	(216)	(695)
- of which from discontinued operations	20	(1 380)	(1 496)	(1 499)	-	-	-	-	-	(31)
Net cash flow from financing activities	(341)	1 694	1 525	1 909	847	(249)	(417)	(1 672)	(1 062)	(2 192)
- of which from continuing operations	(69)	2 086	1 917	2 301	847	(249)	(417)	(1 672)	(1 062)	(2 192)
- of which from discontinued operations	(271)	(392)	(392)	(392)	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents	(80)	(48)	(49)	(54)	(11)	3	4	2	8	9
Net increase (decrease) in cash and cash equivalents	(109)	(1 951)	(1 969)	(1 570)	229	(815)	(821)	2 630	(1 055)	(2 251)
Cash and cash equivalents at start of period	2 678	2 678	2 678	2 678	1 108	1 108	1 108	1 108	3 738	3 738
Cash and cash equivalents at end of period	2 569	727	709	1 108	1 337	293	287	3 738	2 683	1 487
- of which cash and cash equivalents in assets held for sale	1 464	-	-	-	-	-	-	-	-	-
- of which cash and cash equivalents excluding assets held for sale	1 104	727	709	1 108	1 337	293	287	3 738	2 683	1 487

* Interests are presented on separate lines from 2022. Comparable figures have been restated for 2021.

NOK million
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter			Year to date Year to date	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	SCHIBSTED GROUP	2023	2022	2022	2021
restated	restated	restated	restated											restated
										Operating revenues
877	1 047	1 121	1 131	1 171	1 274	1 209	1 203	1 278		1 440 Nordic Marketplaces	2 718	2 445	4 856	4 176
1 761	1 868	1 842	2 055	1 798	1 956	1 835	2 019	1 791		1 927 News Media	3 718	3 754	7 608	7 525
523	475	424	491	477	413	425	506	471		428 Delivery	899	891	1 822	1 913
490	476	533	526	450	487	537	562	513		523 Growth & Investments	1 036	937	2 035	2 026
223	216	217	248	239	249	246	248	279		296 Other/Headquarters	576	488	982	904
(473)	(463)	(469)	(515)	(487)	(500)	(495)	(550)	(555)		(571) Eliminations	(1 126)	(987)	(2 032)	(1 921)
3 401	3 619	3 667	3 936	3 648	3 880	3 756	3 988	3 776		4 044 Schibsted Group	7 820	7 528	15 272	14 623
										EBITDA
360	489	499	434	443	549	486	430	420		526 Nordic Marketplaces	946	992	1 908	1 782
193	263	246	229	81	169	101	180	(0)		133 News Media	133	250	531	931
28	10	(10)	(2)	(13)	(28)	(13)	4	(3)		(4) Delivery	(7)	(41)	(50)	26
56	42	97	53	29	37	107	109	54		67 Growth & Investments	121	66	281	249
(43)	(60)	(63)	(80)	(59)	(107)	(25)	(72)	(48)		(51) Other/Headquarters	(99)	(167)	(263)	(247)
594	743	769	634	480	620	655	651	423		670 Schibsted Group	1 094	1 100	2 406	2 740

NOK million 1 quarter 2022	2 quarter 2022	3 quarter 2022	4 quarter 2022	1 quarter 2023	2 quarter 2023	Nordic Marketplaces	2023	Year to date Year to date Full year 2022	2022
						Nordic Marketplaces total
955 131	1 026 149	1 002 123	983 136	1 073 118		1 191 Classifieds revenues 141 Advertising revenues	2 264 258	1 981 280	3 967 538
84	99	84	84	87		109 Other revenues	196	183	352
1 171	1 274	1 209	1 203	1 278		1 440 Operating revenues	2 718	2 445	4 856
33 % (727)	22 % (725)	8 % (723)	6 % (772)	9 % (858)		13 % YOY revenue growth (915) Operating expenses	11 %	27 % (1 772) (1 453) (2 948)	16 %
443	549	486	430	420		526 EBITDA	946	992	1 908
38 %	43 %	40 %	36 %	33 %		37 % EBITDA-margin	35 %	41 %	39 %
319	366	391	369	383		Mobility 459 Classifieds revenues	842	686	1 446
58	69	57	61	54		70 Advertising revenues	124	127	245
49	58	52	44	49		70 Other revenues	119	107	203
427	493	500	475	485		599 Operating revenues	1 084	920	1 894
(217)	(222)	(225)	(240)	14 % (266)		21 % YOY revenue growth (284) Operating expenses	18 % (549)	(439)	(904)
209	272	275	235	220		315 EBITDA	535	481	990
49 %	55 %	55 %	50 %	45 %		53 % EBITDA-margin	49 %	52 %	52 %
						Jobs
392	363	309	320	369		324 Classifieds revenues	694	754	1 383
2	2	1	2	2		2 Advertising revenues	4	4	7
3 397	3 367	2 312	3 324	3 375		3 Other revenues 329 Operating revenues	7 704	5 764	10 1 400
				-6 %		-10 % YOY revenue growth	-8 %
(166)	(145)	(151)	(156)	(177)		(166) Operating expenses	(343)	(311)	(618)
231	222	161	168	198		163 EBITDA	361	453	782
58 %	60 %	52 %	52 %	53 %		50 % EBITDA-margin	51 %	59 %	56 %
						Real Estate
147	193	192	178	190		261 Classifieds revenues	451	340	711
18	20	17	18	14		17 Advertising revenues	32	39	74
11 177	13 226	12 221	10 206	12 216		17 Other revenues 295 Operating revenues	29 511	24 403	46 830
				22 %		31 % YOY revenue growth	27 %
(129)	(128)	(129)	(132)	(152)		(167) Operating expenses	(319)	(257)	(518)
48	97	93	74	64		128 EBITDA	192	145	312
27 %	43 %	42 %	36 %	30 %		43 % EBITDA-margin	38 %	36 %	38 %
						Recommerce
75	73	74	94	102		115 Classifieds revenues	217	148	316
50	54	44	53	43		49 Advertising revenues	92	104	201
7 131	6 134	7 125	11 158	10 155		9 Other revenues 173 Operating revenues	20 328	13 265	31 547
				18 %		29 % YOY revenue growth	24 %
(195)	(196)	(198)	(224)	(241)		(261) Operating expenses	(503)	(391)	(813)
(63) -48 %	(62) -46 %	(74) -59 %	(67) -42 %	(86) -55 %		(88) EBITDA -51 % EBITDA-margin	(174) -53 %	(125) -47 %	(266) -49 %
						Other Nordic Marketplaces (1)
39	54	51	40	46		45 Operating revenues/eliminations	91	93	184
(20)	(34)	(20)	(21)	(22)		(37) Operating expenses	(58)	(54)	(95)
19	20	31	19	24		8 EBITDA	32	39	89
						Nordic Marketplaces Operating revenues per country
722	804	758	732	785		903 Norway	1 688	1 526	3 016
248	275	259	264	257		292 Sweden	550	523	1 046
115	113	117	132	133		143 Denmark	276	228	477
96	95	89	99	107		106 Finland	213	191	379
(10)	(14)	(14)	(24)	(4)		(4) Other Nordic Marketplaces (1)	(8)	(24)	(62)
						Mobility Operating revenues per country
188	224	229	201	207		273 Norway	480	412	842
156	185	182	181	174		207 Sweden	380	341	704
76	77	79	84	90		98 Denmark	188	152	316
7	8	8	9	15		20 Finland	35	15	32
						Jobs Operating revenues per country
316	298	249	253	304		270 Norway	573	614	1 115
39	38	35	37	34		32 Sweden	66	77	149
0	0	0	0	-	-	Denmark	-	0	0
42	31	29	35	37		28 Finland	64	73	137
						Real Estate Operating revenues per country
142	188	181	163	171		245 Norway	416	330	674
10	11	13	15	17		18 Sweden	35	21	49
1	1	0	1	1		1 Denmark	2	1	2
24	26	27	27	28		31 Finland	59	51	104
						Recommerce Operating revenues per country
37	44	48	69	66		78 Norway	145	81	197
42	38	26	28	32		36 Sweden	68	80	134
38	35	36	45	42		42 Denmark	84	73	153
14	17	15	16	15		17 Finland	32	31	63
38	51	52	46	36		Other operating revenues per country 37 Norway	74	89	188
1	3	2	4	(0)		0 Sweden	(0)	4	11
1	1	2	2	1		2 Denmark	3	2	5
9	13	10	12	12		10 Finland	22	21	43
(10)	(14)	(14)	(24)	(4)		(4) Other Nordic Marketplaces (1)	(8)	(24)	(62)

(1) Other Nordic Marketplaces includes Other businesses outside of the main verticals and eliminations

NOK million
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter			Year to date Year to date	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	News Media	2023	2022	2022	2021
restated	restated	restated	restated											restated
										News Media total
607	711	638	842	645	749	628	789	604		690 Advertising revenues	1 295	1 394	2 811	2 797
450	536	486	640	493	570	497	625	478		555 -of which digital	1 033	1 064	2 186	2 113
699	690	728	734	724	750	772	783	788		806 Subscription revenues	1 594	1 474	3 029	2 851
310	311	342	350	350	380	403	413	425		443 -of which digital	867	731	1 548	1 313
273	282	288	264	238	248	249	229	203		212 Casual sales	415	487	966	1 107
182	185	188	215	190	208	185	218	195		219 Other revenues	414	398	802	770
1 761	1 868	1 842	2 055	1 798	1 956	1 835	2 019	1 791		1 927 Operating revenues	3 718	3 754	7 608	7 525
5 %	10 %	7 %	4 %	2 %	5 %	0 %	-2 %	0 %		-1 % YOY revenue growth	-1 %	3 %	1 %	6 %
(597)	(638)	(571)	(696)	(660)	(694)	(611)	(680)	(688)		(695) Personnel expenses	(1 383)	(1 354)	(2 645)	(2 502)
(970)	(967)	(1 025)	(1 130)	(1 057)	(1 093)	(1 123)	(1 159)	(1 103)		(1 099) Other expenses	(2 202)	(2 150)	(4 431)	(4 093)
(1 568)	(1 605)	(1 596)	(1 826)	(1 717)	(1 787)	(1 734)	(1 839)	(1 791)		(1 794) Operating expenses	(3 585)	(3 504)	(7 077)	(6 594)
193	263	246	229	81	169	101	180	(0)		133 EBITDA	133	250	531	931
11 %	14 %	13 %	11 %	5 %	9 %	5 %	9 %	0 %		7 % EBITDA-margin	4 %	7 %	7 %	12 %

NOK million
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter			Year to date Year to date	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	Delivery	2023	2022	2022	2021
restated	restated													restated
										Delivery total
523	475	424	491	477	413	425	506	471		428 Operating revenues	899	891	1 822	1 913
157	151	130	159	133	129	138	194	166		161 - of which Helthjem Netthandel	327	262	594	596
48 %	24 %	13 %	0 %	-9 %	-13 %	0 %	3 %	-1 %		4 % YOY revenue growth	1 %	-11 %	-5 %	19 %
(495)	(465)	(434)	(492)	(490)	(441)	(438)	(503)	(474)		(432) Operating expenses	(906)	(932)	(1 873)	(1 886)
28	10	(10)	(2)	(13)	(28)	(13)	4	(3)		(4) EBITDA	(7)	(41)	(50)	26
5 %	2 %	-2 %	0 %	-3 %	-7 %	-3 %	1 %	-1 %		-1 % EBITDA-margin	-1 %	-5 %	-3 %	1 %

NOK million
1 quarter 2021	2 quarter 2021	3 quarter 2021	4 quarter 2021	1 quarter 2022	2 quarter 2022	3 quarter 2022	4 quarter 2022	1 quarter 2023	2 quarter 2023	Growth & Investments	2023	Year to date Year to date 2022	Full year 2022	Full year 2021
restated	restated													restated
										Growth & Investments total
490	476	533	526	450	487	537	562	513		523 Operating revenues	1 036	937	2 035	2 026
4 %	3 %	7 %	-2 %	-8 %	2 %	1 %	7 %	14 %		7 % YOY revenue growth	11 %	-3 %	0 %	3 %
(434)	(435)	(436)	(473)	(421)	(450)	(430)	(453)	(458)		(456) Operating expenses	(915)	(871)	(1 755)	(1 778)
56	42	97	53	29	37	107	109	54		67 EBITDA	121	66	281	249
12 %	9 %	18 %	10 %	6 %	8 %	20 %	19 %	11 %		13 % EBITDA-margin	12 %	7 %	14 %	12 %
											-	-
										Lendo	-	-
269	261	324	287	297	312	358	323	329		329 Operating revenues	658	609	1 290	1 141
				11 %	20 %	11 %	13 %	11 %		5 % YOY revenue growth	8 %	15 %	13 %
(218)	(225)	(248)	(239)	(257)	(274)	(280)	(282)	(276)		(268) Operating expenses	(544)	(531)	(1 094)	(931)
50	36	75	48	40	38	78	41	52		61 EBITDA	113	78	197	210
19 %	14 %	23 %	17 %	13 %	12 %	22 %	13 %	16 %		19 % EBITDA-margin	17 %	13 %	15 %	18 %
											-	-
										Prisjakt
89	87	83	124	76	78	87	141	92		97 Operating revenues	190	154	382	383
20 %	-7 %	-4 %	-14 %	-15 %	-11 %	6 %	14 %	21 %		26 % YOY revenue growth	23 %	-13 %	0 %	-4 %
(64)	(65)	(57)	(88)	(64)	(68)	(59)	(82)	(74)		(82) Operating expenses	(156)	(132)	(272)	(274)
25	22	26	36	12	10	29	59	18		16 EBITDA	34	22	110	109
28 %	25 %	32 %	29 %	16 %	12 %	33 %	42 %	19 %		16 % EBITDA-margin	18 %	14 %	29 %	29 %
											-	-
										Other Growth & Investments (1)	-	-
132	128	127	115	77	97	91	98	92		96 Operating revenues/eliminations	188	174	363	503
				-42 %	-24 %	-28 %	-15 %	19 %		0 % YOY revenue growth	8 %	-33 %	-28 %
(152)	(144)	(131)	(146)	(101)	(108)	(91)	(89)	(108)		(107) Operating expenses	(215)	(208)	(389)	(573)
(19)	(16)	(4)	(31)	(23)	(11)	0	8	(16)		(10) EBITDA	(26)	(34)	(26)	(71)
-14 %	-13 %	-3 %	-27 %	-30 %	-11 %	0 %	9 %	-17 %		-11 % EBITDA-margin	-14 %	-20 %	-7 %	-14 %

(1) Other Growth & Investments includes MittAnbud, 3byggetilbud, Servicefinder, Schibsted Growth HQ, other Growth & Investments assets, SPT cost allocation and eliminations

NOK million 1 quarter 2021	2 quarter 2021	3 quarter 2021	4 quarter 2021	1 quarter 2022	2 quarter 2022	3 quarter 2022	4 quarter 2022	1 quarter 2023	2 quarter 2023	Nordic Marketplaces	Year to date Year to date 2023	2022	Full year 2022	Full year 2021
702 107 67 877 18 % (517) 360 41 %	833 136 78 1 047 39 % (558) 489 47 %	893 135 93 1 121 35 % (622) 499 45 %	884 158 89 1 131 32 % (698) 434 38 %	955 131 84 1 171 33 % (727) 443 38 %	1 026 149 99 1 274 22 % (725) 549 43 %	1 002 123 84 1 209 8 % (723) 486 40 %	983 136 84 1 203 6 % (772) 430 36 %	1 073 118 87 1 278 9 % (858) 420 33 %		Nordic Marketplaces total 1 191 Classifieds revenues 141 Advertising revenues 109 Other revenues 1 440 Operating revenues 13 % YOY revenue growth (915) Operating expenses 526 EBITDA 37 % EBITDA-margin	2 264 258 196 2 718 11 % (1 772) 946 35 %	1 981 280 183 2 445 27 % (1 453) 992 41 %	3 967 538 352 4 856 16 % (2 948) 1 908 39 %	3 311 537 327 4 176 31 % (2 394) 1 782 43 %
430 49 54 533 11 % (266) 268 50 %	538 64 69 670 43 % (300) 370 55 %	522 58 68 647 33 % (297) 351 54 %	525 66 61 653 31 % (325) 327 50 %	602 59 60 722 35 % (330) 392 54 %	665 67 72 804 20 % (343) 461 57 %	643 50 65 758 17 % (370) 388 51 %	609 58 65 732 12 % (413) 318 44 %	682 49 53 785 9 % (413) 372 47 %		Marketplaces Norway 772 Classifieds revenues 59 Advertising revenues 72 Other revenues 903 Operating revenues 12 % YOY revenue growth (427) Operating expenses 476 EBITDA 53 % EBITDA-margin	1 454 108 125 1 688 11 % (840) 848 50 %	1 267 126 133 1 526 27 % (673) 852 56 %	2 518 234 263 3 016 20 % (1 457) 1 558 52 %	2 015 237 251 2 503 29 % (1 188) 1 316 53 %
208 40 4 252 6 % (147) 105 42 %	233 50 4 287 10 % (163) 124 43 %	227 44 4 275 4 % (152) 123 45 %	212 50 4 267 -5 % (161) 106 40 %	205 40 3 248 -2 % (160) 87 35 %	220 49 5 275 -4 % (178) 97 35 %	214 40 4 258 -6 % (154) 104 40 %	214 43 6 263 -2 % (159) 104 40 %	216 38 2 255 3 % (162) 93 37 %		Marketplaces Sweden 237 Classifieds revenues 49 Advertising revenues 3 Other revenues 289 Operating revenues 5 % YOY revenue growth (182) Operating expenses 106 EBITDA 37 % EBITDA-margin	453 86 5 544 4 % (344) 200 37 %	425 89 8 522 -3 % (338) 184 35 %	854 173 17 1 043 -4 % (651) 392 38 %	881 185 15 1 081 4 % (623) 458 42 %
		83 16 16 115 (89) 26 23 %	82 22 20 123 (94) 30 24 %	78 17 19 115 (96) 19 17 %	80 14 20 113 (94) 19 17 %	84 15 18 117 2 % (94) 23 20 %	92 17 22 132 7 % (99) 33 25 %	102 15 16 133 16 % (114) 19 15 %		Marketplaces Denmark 111 Classifieds revenues 15 Advertising revenues 16 Other revenues 143 Operating revenues 26 % YOY revenue growth (122) Operating expenses 21 EBITDA 15 % EBITDA-margin	213 31 32 276 21 % (235) 40 15 %	158 31 39 228 (190) 38 17 %	335 63 80 477 100 % (383) 94 20 %	165 38 36 239 (183) 56 23 %
63 18 13 94 292 % (91) 4 4 %	62 22 12 96 300 % (82) 14 15 %	61 16 11 89 12 % (73) 15 17 %	64 20 10 95 5 % (94) 0 0 %	69 15 12 96 2 % (103) (7) -7 %	62 19 15 95 -1 % (90) 6 6 %	59 17 12 89 0 % (77) 11 13 %	67 18 15 99 4 % (81) 18 18 %	71 15 20 107 11 % (122) (16) -15 %		Marketplaces Finland 67 Classifieds revenues 18 Advertising revenues 21 Other revenues 106 Operating revenues 11 % YOY revenue growth (135) Operating expenses (29) EBITDA -27 % EBITDA-margin	138 34 41 213 11 % (257) (44) -21 %	131 33 27 191 0 % (192) (1) -1 %	257 68 53 379 1 % (351) 28 7 %	251 77 46 374 72 % (340) 34 9 %
(3) (14) (17)	(7) (13) (19)	(6) (10) (16)	(6) (24) (30)	(10) (39) (48)	(13) (20) (33)	(13) (27) (41)	(23) (20) (43)	(2) (46) (48)		Other Nordic Marketplaces (1) 0 Operating revenues/eliminations (49) Operating expenses (49) EBITDA (1) Other Nordic Marketplaces includes Nordic Marketplaces headquarters, SPT cost allocation and eliminations	(2) (96) (98)	(23) (59) (81)	(59) (106) (165)	(22) (60) (82)
1,0145	0,9951	1,0130 1,3887 10,2640 10,0894 10,3274	0,9850 1,3408 9,9723	0,9480 1,3349	0,9568 1,3472	0,9474 1,3524	0,9501 1,3971	0,9806 1,4758 9,9327 10,0228 10,0610 10,3919 10,9845 11,6554 EUR/NOK		1,0175 SEK/NOK 1,5645 DKK/NOK	0,9990 1,5202 11,3200	0,9524 1,3411	0,9506 1,3579 9,9778 10,1020 10,1633	1,0019 1,3647
205 40 4 249 2 % (145) 104 42 %	234 50 4 288 14 % (164) 124 43 %	224 44 4 271 6 % (150) 121 45 %	216 51 4 271 1 % (163) 108 40 %	216 42 3 261 5 % (169) 92 35 %	230 52 5 287 0 % (186) 101 35 %	226 43 4 273 0 % (163) 110 40 %	226 45 6 277 2 % (167) 110 40 %	220 38 2 260 0 % (165) 95 37 %		Marketplaces Sweden in SEK 233 Classifieds revenues 48 Advertising revenues 3 Other revenues 284 Operating revenues -1 % YOY revenue growth (179) Operating expenses 105 EBITDA 37 % EBITDA-margin	453 86 5 544 -1 % (344) 200 37 %	446 94 8 548 2 % (355) 193 35 %	898 182 18 1 098 2 % (685) 413 38 %	879 185 15 1 080 6 % (622) 457 42 %
		60 12 12 83 (64) 19 23 %	61 16 15 92 (70) 22 24 %	59 13 14 86 (72) 14 17 %	59 10 15 84 (70) 14 17 %	62 11 13 87 4 % (69) 17 20 %	66 12 16 94 3 % (71) 23 25 %	69 10 11 90 5 % (77) 13 15 %		Marketplaces Denmark in DKK 71 Classifieds revenues 10 Advertising revenues 10 Other revenues 91 Operating revenues 8 % YOY revenue growth (78) Operating expenses 13 EBITDA 15 % EBITDA-margin	140 20 21 181 7 % (155) 26 15 %	118 23 29 170 (142) 29 17 %	247 46 59 351 101 % (282) 69 20 %	121 28 26 175 (134) 41 23 %
6 2 1 9 299 % (9) 0 4 %	6 2 1 10 337 % (8) 1 15 %	6 2 1 9 16 % (7) 1 17 %	6 2 1 10 13 % (9) 0 0 %	7 1 1 10 5 % (10) (1) -7 %	6 2 1 9 0 % (9) 1 6 %	6 2 1 9 3 % (8) 1 13 %	6 2 1 10 0 % (8) 2 18 %	6 1 2 10 1 % (11) (1) -15 %		Marketplaces Finland in EUR 6 Classifieds revenues 2 Advertising revenues 2 Other revenues 9 Operating revenues -4 % YOY revenue growth (12) Operating expenses (2) EBITDA -27 % EBITDA-margin	12 3 4 19 -2 % (23) (4) -21 %	13 3 3 19 2 % (19) (0) -1 %	25 7 5 37 2 % (35) 3 7 %	25 8 5 37 82 % (34) 3 9 %