Vend Marketplaces ASA

Earnings Release • Feb 7, 2024

Financials and analytical info Q4 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 Ebenfelt, IR Officer ir@schibsted.com +47 916 86 710

schibsted.com/ir

												SCHIBSTED GROUP
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter		4 quarter CONDENSED CONSOLIDATED	Full year	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023	2023	INCOME STATEMENT	2023	2022	2021
restated	restated	restated	restated												restated
702	832	892	884	954	1,027	1,002	983	1,074	1,192	1,159		1,109 Classified revenues	4,534	3,965	3,309
705	843	765	995	766	885	733	929	700	806	679		910 Advertising revenues	3,094	3,313	3,309
551	670	613	801	615	730	580	765	574	670	575		777 -of which digital	2,596	2,689	2,634
763	753	789	788	773	820	841	854	863	887	893		917 Subscription revenues	3,559	3,287	3,093
374	374	404	403	399	450	472	484	499	523	535		563 -of which digital	2,120	1,806	1,556
273	282	288	264	239	248	249	229	203	212	221		203 Casual sales	839	966	1,107
958	908	933	1,006	916	900	931	993	936	948	902		944 Other revenues	3,730	3,741	3,804
3,401	3,619	3,667	3,936	3,648	3,880	3,756	3,988	3,776	4,044	3,853		4,082 Operating revenues	15,756	15,272	14,623
(146)	(129)	(115)	(141)	(148)	(138)	(125)	(139)	(125)	(114)	(95)		(92) Raw materials and finished goods	(426)	(549)	(531)
(1,299)	(1,366)	(1,293)	(1,527)	(1,453)	(1,534)	(1,389)	(1,554)	(1,572)	(1,612)	(1,443)		(1,656) Personnel expenses	(6,282)	(5,929)	(5,486)
(1,361)	(1,380)	(1,490)	(1,634)	(1,566)	(1,589)	(1,587)	(1,645)	(1,656)	(1,648)	(1,574)		(1,650) Other operating expenses	(6,528)	(6,387)	(5,865)
594	743	769	634	480	620	655	651	423	670	741		684 Gross operating profit (loss) - EBITDA	2,519	2,406	2,740
(220)	(233)	(268)	(262)	(263)	(278)	(283)	(292)	(314)	(297)	(296)		(332) Depreciation and amortisation	(1,239)	(1,117)	(984)
(6)	(91)	(7)	(14)	(2)	(6)	(0)	(23)	(9)	(1)	(22)		(21) Impairment loss	(53)	(31)	(119)
	6 59	115	1	-	10	2	1	36	24	12		56 Other income	128	13	181
(31)	(45)	(26)	(70)	(32)	(57)	(32)	(52)	(116)	(33)	(15)		(71) Other expenses	(236)	(173)	(172)
343	432	583	289	184	289	342	285	20	362	420		317 Operating profit (loss)	1,119	1,099	1,647
(0)	(22)	(24)	(146)	(53)	11	(170)	(270)	(5,295)	(1,090)	45		11 Share of profit (loss) of joint ventures and associates	(6,328)	(482)	(193)
-	-	(2)	(19,998)	(13,531)	(6,564)	(3,153)	424	7,281	(784)	13,020		2,176 Impairment loss on joint ventures and associates (recognised or reversed)	21,694	(22,823)	(20,000)
	3 5	8	131	1	1	16	657	-	(4)	1		(26) Gains (losses) on disposal of joint ventures and associates	(28)	675	148
	3 4	3	18	83	13	4	17	321	45	1,298		216 Financial income	1,705	117	28
(56)	(58)	(58)	(78)	(75)	(100)	(101)	(553)	(148)	(399)	(230)		(394) Financial expense	(997)	(830)	(248)
294	362	509	(19,782)	(13,391)	(6,350)	(3,062)	559	2,179	(1,868)	14,553		2,299 Profit (loss) before taxes	17,163	(22,244)	(18,618)
(71)	(57)	(96)	(57)	(45)	(62)	(75)	(72)	(9)	(80)	(97)		(70) Taxes	(257)	(254)	(280)
222	305	414	(19,839)	(13,436)	(6,412)	(3,137)	487	2,170	(1,949)	14,456		2,229 Profit (loss) from continuing operations	16,907	(22,497)	(18,898)
(501)	60,471	(3)	(2)	(0)	(0)	-	(24)	(0)	0	(0)		(31) Profit (loss) from discontinued operations	(31)	(24)	59,965
(279)	60,776	410	(19,841)	(13,436)	(6,412)	(3,137)	464	2,170	(1,949)	14,456		2,198 Profit (loss)	16,876	(22,521)	41,066
												Profit (loss) attributable to:
(175)	(135)	18	18	18	19	15	9	10	21	19		18 Non-controlling interests	68	60	(274)
(104)	60,911	392	(19,859)	(13,454)	(6,430)	(3,152)	454	2,160	(1,969)	14,437		2,180 Owners of the parent	16,808	(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)	63.74		9.68 Basic	73.70	(96.53)	176.70
(0.44)	259.92	1.67	(84.86)	(57.49)	(27.48)	(13.46)	1.94	9.33	(8.59)	63.64		9.66 Diluted (1)	73.53	(96.53)	176.70
1.41	3.50	1.28	0.35	0.44	0.75	0.04	(0.45)	(23.07)	(4.38)	1.17		0.47 Basic - adjusted	(26.19)	0.77	6.54
1.41	3.50	1.28	0.35	0.44	0.75	0.04	(0.45)	(23.05)	(4.38)	1.17		0.47 Diluted - adjusted (1)	(26.13)	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	30.09	31.12
STATEMENT OF FINANCIAL POSITION	2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023	2023
	restated	restated	restated	restated	restated	restated	restated	restated	restated	restated	restated
Intangible assets	5,824	9,420	9,363	9,313							9,373 10,016 10,225 10,389 11,079 11,279 10,968 11,091
Property, plant and equipment	462	499	496	520	532	525	526	535	537	564	547	580
Right-of-use assets	1,549	1,516	1,441	1,355	1,369	1,957	1,868	1,796	2,002	2,039	1,955	1,944
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 37,427 39,721
Deferred tax assets	709	716	737	621	604	579	583	584	568	540	508	540
Other non-current assets	97	132	285	736	963	921	908	937	897	824	819	871
Non-current assets											9,560 82,166 82,221 61,065 46,723 43,880 41,489 37,763 41,585 40,424 52,223 54,747
Contract assets	170	267	255	210	247	254	191	167	129	156	165	145
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	3,156	2,243
Cash and cash equivalents	1,104	727	709	1,108	1,337	293	287	3,738	2,683	1,487	1,100	1,279
Assets held for sale	33,292	-		-	- -	-	-	-	-		- 16	-
Current assets	36,401	2,610	2,722	3,125	3,524	2,541	2,700	5,945	4,985	3,823	4,438	3,667
Total assets											45,961 84,776 84,943 64,189 50,246 46,421 44,189 43,708 46,570 44,247 56,661 58,414
Paid-in equity	7,034	7,026	7,049	7,060	7,061	7,068	7,080	7,095	7,092	7,113	7,135	7,160
Other equity											2,639 63,992 64,213 43,146 27,910 23,819 21,417 21,410 24,421 22,251 35,103 37,301
Equity attributable to owners of the parent											9,673 71,017 71,262 50,206 34,972 30,887 28,497 28,505 31,513 29,364 42,238 44,461
Non-controlling interests	5,434	77	94	164	185	137	152	161	178	112	130	142
Equity											15,107 71,095 71,357 50,371 35,156 31,024 28,650 28,666 31,691 29,476 42,368 44,603
Deferred tax liabilities	331	641	590	576	550	580	564	502	530	535	499	417
Pension liabilities	1,094	1,065	1,252	1,090	1,044	1,045	1,182	1,145	1,085	1,037	1,047	1,196
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	4,906	4,872
Non-current lease liabilities	1,424	1,388	1,316	1,237	1,244	1,874	1,809	1,755	1,941	1,977	1,894	1,868
Other non-current liabilities Non-current liabilities	269 6,195	389 9,827	379 6,571	340 6,835	511 7,936	567 9,723	544 9,769	588 8,620	610 8,309	436 8,891	427 8,772	282 8,636
Current interest-bearing loans and borrowings	675	79	3,375	3,274	3,271	1,674	1,676	1,724	2,005	1,233	1,229	780
Income tax payable	95	122	190	154	141	105	169	232	151	121	108	246
Current lease liabilities	293	298	307	306	327	306	301	325	343	334	351	368
Contract liabilities	635	632	588	553	618	628	611	574	689	651	620	632
Other current liabilities	2,484	2,724	2,555	2,697	2,797	2,961	3,014	3,567	3,381	3,539	3,191	3,149
Liabilities held for sale	20,476	-		- -	-	-	-	-	-	-	21	-
Current liabilities	24,659	3,854	7,015	6,984	7,154	5,674	5,770	6,423	6,569	5,879	5,521	5,175
Total equity and liabilities											45,961 84,776 84,943 64,189 50,246 46,421 44,189 43,708 46,570 44,247 56,661 58,414

Restatement of the periods Q1 2021 to Q3 2023 is due to a prior period error. The error is related to a financial liability not having been recognised for the obligation to acquire

non-controlling interests in a subsidiary.

NOK million

CONDENSED CONSOLIDATED	31.03	30.06	30.09	31.12	31.03	30.06	30.09	31.12	31.03	30.06	30.09	31.12
STATEMENT OF CASH FLOWS	2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	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 14,864 17,163
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) (18,579) (20,401)
Net interest expense *	126	243	293	347	55	120	191	267	68	156	253	358
Net effect pension liabilities	(55)	(79)	(71)	(85)	(47)	(45)	(33)	(22)	(59)	(108)	(98)	(88)
Share of loss (profit) of joint ventures and associates	-	23	47	193	53	41	212	482	5,295	6,385	6,340	6,328
Dividends received from joint ventures and associates	12	13	16	16	-	55	55	56	-	25	25	25
Interest received *	3	5	7	9	2	5	8	24	31	61	87	105
Interest paid *	(45)	(319)	(357)	(414)	(46)	(130)	(184)	(266)	(85)	(194)	(298)	(425)
Taxes paid	(199)	(397)	(415)	(424)	(81)	(190)	(206)	(260)	(104)	(216)	(273)	(327)
Sales losses (gains) on non-current assets and other non-cash losses (gains)	553	522	404	309	(64)	(37)	(30)	(233)	(263)	3	(1,184)	(1,117)
Change in working capital and provisions *	136	230	49	195	(141)	(187)	(319)	(90)	113	112	50	87
Net cash flow from operating activities	715	1,318	1,833	2,498	137	535	970	1,684	215	658	1,186	1,708
- of which from continuing operations	299	977	1,493	2,157	137	535	970	1,684	215	658	1,186	1,708
- 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)	(1,002)	(700)
- of which from continuing operations	(424)	(3,534)	(3,782)	(4,425)	(744)	(1,103)	(1,377)	2,616	(216)	(695)	(971)	(669)
- of which from discontinued operations	20	(1,380)	(1,496)	(1,499)	-	-	-	-	-	(31)	(31)	(31)
Net cash flow from financing activities	(341)	1,694	1,525	1,909	847	(249)	(417)	(1,672)	(1,062)	(2,192)	(2,824)	(3,474)
- of which from continuing operations	(69)	2,086	1,917	2,301	847	(249)	(417)	(1,672)	(1,062)	(2,192)	(2,824)	(3,474)
- 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	6	8
Net increase (decrease) in cash and cash equivalents	(109)	(1,951)	(1,969)	(1,570)	229	(815)	(821)	2,630	(1,055)	(2,251)	(2,634)	(2,458)
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	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	1,104	1,279
- of which cash and cash equivalents in assets held for sale	1,464	-	-	-	-	-	-	-	-	-	4	-
- 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	1,100	1,279

* 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	3 quarter	4 quarter		Full year	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023	2023	SCHIBSTED GROUP	2023	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	1,361		1,327 Nordic Marketplaces	5,407	4,856	4,176
1,761	1,868	1,842	2,055	1,798	1,956	1,835	2,019	1,791	1,927	1,815		2,064 News Media	7,597	7,608	7,525
523	475	424	491	477	413	425	506	471	428	410		443 Delivery	1,753	1,822	1,913
490	476	533	526	450	487	537	562	513	523	531		537 Growth & Investments	2,104	2,035	2,026
223	216	217	248	239	249	246	248	279	296	281		296 Other/Headquarters	1,152	982	904
(473)	(463)	(469)	(515)	(487)	(500)	(495)	(550)	(555)	(571)	(545)		(585) Eliminations	(2,256)	(2,032)	(1,921)
3,401	3,619	3,667	3,936	3,648	3,880	3,756	3,988	3,776	4,044	3,853		4,082 Schibsted Group		15,756 15,272 14,623
												EBITDA
360	489	499	434	443	549	486	430	420	526	504		418 Nordic Marketplaces	1,868	1,908	1,782
193	263	246	229	81	169	101	180	(0)	133	168		266 News Media	567	531	931
28	10	(10)	(2)	(13)	(28)	(13)	4	(3)	(4)	1		20 Delivery	14	(50)	26
56	42	97	53	29	37	107	109	54	67	93		76 Growth & Investments	290	281	249
(43)	(60)	(63)	(80)	(59)	(107)	(25)	(72)	(48)	(51)	(24)		(96) Other/Headquarters	(219)	(263)	(247)
594	743	769	634	480	620	655	651	423	670	741		684 Schibsted Group	2,519	2,406	2,740

NOK million 1 quarter 2022	2 quarter 2022	3 quarter 2022	4 quarter 2022	1 quarter 2023	2 quarter 2023	3 quarter 2023	4 quarter 2023	Nordic Marketplaces	Full year 2023	Full year 2022
								Nordic Marketplaces total
955	1,026	1,002	983	1,073	1,191	1,158		1,108 Classifieds revenues	4,530	3,967
131 84	149 99	123 84	136 84	118 87	141 109	120 83		131 Advertising revenues 88 Other revenues	510 367	538 352
1,171	1,274	1,209	1,203	1,278	1,440	1,361		1,327 Operating revenues	5,407	4,856
33 % (727)	22 % (725)	8 % (723)	6 % (772)	9 % (858)	13 % (915)	13 % (858)		10 % YOY revenue growth (909) Operating expenses	11 %	16 % (3,539) (2,948)
443	549	486	430	420	526	504		418 EBITDA	1,868	1,908
38 %	43 %	40 %	36 %	33 %	37 %	37 %		32 % EBITDA-margin	35 %	39 %
								Mobility
319 58	366 69	391 57	369 61	383 54	459 70	466 59		444 Classifieds revenues 61 Advertising revenues	1,753 244	1,446 245
49	58	52	44	49	70	47		45 Other revenues	210	203
427	493	500	475	485 14 %	599 21 %	572 14 %		550 Operating revenues 16 % YOY revenue growth	2,207 16 %	1,894
(217)	(222)	(225)	(240)	(266)	(284)	(268)		(280) Operating expenses	(1,098)	(904)
209 49 %	272 55 %	275 55 %	235 50 %	220 45 %	315 53 %	304 53 %		270 EBITDA 49 % EBITDA-margin	1,109 50 %	991 52 %
								Jobs
392	363	309	320	369	324	283		291 Classifieds revenues	1,267	1,383
2 3	2 3	1 2	2 3	2 3	2 3	1 4		2 Advertising revenues 3 Other revenues	7 14	7 10
397	367	312	324	375	329	288		296 Operating revenues	1,288	1,400
(166)	(145)	(151)	(156)	-6 % (177)	-10 % (166)	-8 % (161)		-9 % YOY revenue growth (171) Operating expenses	-8 % (674)	(618)
231	222	161	168	198	163	127		125 EBITDA	613	782
58 %	60 %	52 %	52 %	53 %	50 %	44 %		42 % EBITDA-margin	48 %	56 %
								Real Estate
147 18	193 20	192 17	178 18	190 14	261 17	249 16		210 Classifieds revenues 15 Advertising revenues	910 63	711 74
11	13	12	10	12	17	15		11 Other revenues	54	46
177	226	221	206	216 22 %	295 31 %	280 26 %		236 Operating revenues 14 % YOY revenue growth	1,027 24 %	830
(129)	(128)	(129)	(132)	(152)	(167)	(160)		(156) Operating expenses	(635)	(518)
48	97	93	74	64	128	120		80 EBITDA	392	312
27 %	43 %	42 %	36 %	30 %	43 %	43 %		34 % EBITDA-margin	38 %	38 %
								Recommerce
75 50	73 54	74 44	94 53	102 43	115 49	125 42		142 Classifieds revenues 50 Advertising revenues	485 184	316 201
7	6	7	11	10	9	13		16 Other revenues	48	31
131	134	125	158	155 18 %	173 29 %	180 44 %		208 Operating revenues 32 % YOY revenue growth	717 31 %	547
(195)	(196)	(198)	(224)	(241)	(261)	(247)		(278) Operating expenses	(1,027)	(813)
(63) -48 %	(62) -46 %	(74) -59 %	(67) -42 %	(86) -55 %	(88) -51 %	(67) -38 %		(69) EBITDA -33 % EBITDA-margin	(311) -43 %	(266) -49 %
39	54	51	40	46	45	42		Other Nordic Marketplaces (1) 37 Operating revenues/eliminations	169	184
(20)	(34)	(20)	(21)	(22)	(37)	(22)		(24) Operating expenses	(105)	(95)
19	20	31	19	24	8	20		12 EBITDA	64	89
								Nordic Marketplaces Operating revenues per country
722	804	758	732	785	903	855		781 Norway	3,324	3,016
248	275	259	264	257	292	273		291 Sweden	1,114	1,046
115	113	117	132	133	143	142		157 Denmark	574	477
96	95	89	99	107	106	98		104 Finland	415	379
(10)	(14)	(14)	(24)	(4)	(4)	(7)		(6) Other Nordic Marketplaces (1)	(20)	(62)
								Mobility Operating revenues per country
188	224	229	201	207	273	268		223 Norway	972	842
156 76	185 77	182 79	181 84	174 90	207 98	188 95		203 Sweden 105 Denmark	770 388	704 316
7	8	8	9	15	20	21		21 Finland	77	32
								Jobs Operating revenues per country
316 39	298 38	249 35	253 37	304 34	270 32	238 26		243 Norway 27 Sweden	1,054 119	1,115 149
0	0	0	0	-	-	-		- Denmark	-	0
42	31	29	35	37	28	25		26 Finland	115	137
142	188	181	163	171	245	227		Real Estate Operating revenues per country 184 Norway	827	674
10	11	13	15	17	18	22		21 Sweden	79	49
1	1	0	1	1	1	1		1 Denmark	3	2
24	26	27	27	28	31	30		30 Finland	118	104
								Recommerce Operating revenues per country
37	44	48	69	66	78	82		102 Norway	329	197
42	38	26	28	32	36	38		41 Sweden	147	134
38 14	35 17	36 15	45 16	42 15	42 17	45 15		50 Denmark 16 Finland	178 63	153 63
								Other operating revenues per country
38	51	52	46	36	37	40		29 Norway	142	188
1 1	3 1	2 2	4 2	(0) 1	0 2	(0) 1		0 Sweden 1 Denmark	(1) 5	11 5
9	13	10	12	12	10	8		12 Finland	42	43
(10)	(14)	(14)	(24)	(4)	(4)	(7)		(6) Other Nordic Marketplaces (1)	(20)	(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	3 quarter	4 quarter		Full year	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023	2023	News Media	2023	2022	2021
restated	restated	restated	restated												restated
												News Media total
607	711	638	842	645	749	628	789	604	690	583		796 Advertising revenues	2,673	2,811	2,797
450	536	486	640	493	570	497	625	478	555	479		662 -of which digital	2,174	2,186	2,113
699	690	728	734	724	750	772	783	788	806	811		832 Subscription revenues	3,238	3,029	2,851
310	311	342	350	350	380	403	413	425	443	453		476 -of which digital	1,797	1,548	1,313
273	282	288	264	238	248	249	229	203	212	221		203 Casual sales	839	966	1,107
182	185	188	215	190	208	185	218	195	219	200		233 Other revenues	847	802	770
1,761	1,868	1,842	2,055	1,798	1,956	1,835	2,019	1,791	1,927	1,815		2,064 Operating revenues	7,597	7,608	7,525
5 %	10 %	7 %	4 %	2 %	5 %	0 %	-2 %	0 %	-1 %	-1 %		2 % YOY revenue growth	0 %	1 %	6 %
(597)	(638)	(571)	(696)	(660)	(694)	(611)	(680)	(688)	(695)	(615)		(712) Personnel expenses	(2,709)	(2,645)	(2,502)
(970)	(967)	(1,025)	(1,130)	(1,057)	(1,093)	(1,123)	(1,159)	(1,103)	(1,099)	(1,032)		(1,086) Other expenses	(4,321)	(4,431)	(4,093)
(1,568)	(1,605)	(1,596)	(1,826)	(1,717)	(1,787)	(1,734)	(1,839)	(1,791)	(1,794)	(1,647)		(1,798) Operating expenses	(7,030)	(7,077)	(6,594)
193	263	246	229	81	169	101	180	(0)	133	168		266 EBITDA	567	531	931
11 %	14 %	13 %	11 %	5 %	9 %	5 %	9 %	0 %	7 %	9 %		13 % EBITDA-margin	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 3 quarter 4 quarter									Full year Full year Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023	2023 Delivery	2023	2022	2021
restated	restated													restated
											Delivery total
523	475	424	491	477	413	425	506	471	428	410	443 Operating revenues		1,753 1,822 1,913
157	151	130	159	133	129	138	194	166	161	162	187 - of which Helthjem Netthandel	676	594	596
48 %	24 %	13 %	0 %	-9 %	-13 %	0 %	3 %	-1 %	4 %	-4 %	-12 % YOY revenue growth	-4 %	-5 %	19 %
(495)	(465)	(434)	(492)	(490)	(441)	(438)	(503)	(474)	(432)	(409)	(423) Operating expenses		(1,739) (1,873) (1,886)
28	10	(10)	(2)	(13)	(28)	(13)	4	(3)	(4)	1	20 EBITDA	14	(50)	26
5 %	2 %	-2 %	0 %	-3 %	-7 %	-3 %	1 %	-1 %	-1 %	0 %	5 % EBITDA-margin	1 %	-3 %	1 %

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		Full year	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	2023	2023	2023	Growth & Investments	2023	2022	2021
restated	restated														restated
												Growth & Investments total
490	476	533	526	450	487	537	562	513	523	531		537 Operating revenues	2,104	2,035	2,026
4 %	3 %	7 %	-2 %	-8 %	2 %	1 %	7 %	14 %	7 %	-1 %		-4 % YOY revenue growth	3 %	0 %	3 %
(434)	(435)	(436)	(473)	(421)	(450)	(430)	(453)	(458)	(456)	(438)		(461) Operating expenses	(1,814)	(1,755)	(1,778)
56	42	97	53	29	37	107	109	54	67	93		76 EBITDA	290	281	249
12 %	9 %	18 %	10 %	6 %	8 %	20 %	19 %	11 %	13 %	17 %		14 % EBITDA-margin	14 %	14 %	12 %
												Lendo
269	261	324	287	297	312	358	323	329	329	339		274 Operating revenues	1,271	1,290	1,141
				11 %	20 %	11 %	13 %	11 %	5 %	-5 %		-15 % YOY revenue growth	-1 %	13 %
(218)	(225)	(248)	(239)	(257)	(274)	(280)	(282)	(276)	(268)	(264)		(251) Operating expenses	(1,059)	(1,094)	(931)
50	36	75	48	40	38	78	41	52	61	75		24 EBITDA	212	197	210
19 %	14 %	23 %	17 %	13 %	12 %	22 %	13 %	16 %	19 %	22 %		9 % EBITDA-margin	17 %	15 %	18 %
												Prisjakt
89	87	83	124	76	78	87	141	92	97	94		146 Operating revenues	430	382	383
20 %	-7 %	-4 %	-14 %	-15 %	-11 %	6 %	14 %	21 %	26 %	8 %		3 % YOY revenue growth	12 %	0 %	-4 %
(64)	(65)	(57)	(88)	(64)	(68)	(59)	(82)	(74)	(82)	(71)		(89) Operating expenses	(315)	(272)	(274)
25	22	26	36	12	10	29	59	18	16	23		57 EBITDA	114	110	109
28 %	25 %	32 %	29 %	16 %	12 %	33 %	42 %	19 %	16 %	25 %		39 % EBITDA-margin	27 %	29 %	29 %
												Other Growth & Investments (1)
132	128	127	115	77	97	91	98	92	96	98		117 Operating revenues/eliminations	403	363	503
				-42 %	-24 %	-28 %	-15 %	19 %	0 %	7 %		20 % YOY revenue growth	11 %	-28 %
(152)	(144)	(131)	(146)	(101)	(108)	(91)	(89)	(108)	(107)	(103)		(122) Operating expenses	(440)	(389)	(573)
(19)	(16)	(4)	(31)	(23)	(11)	0	8	(16)	(10)	(5)		(5) EBITDA	(37)	(26)	(71)
-14 %	-13 %	-3 %	-27 %	-30 %	-11 %	0 %	9 %	-17 %	-11 %	-6 %		-4 % EBITDA-margin	-9 %	-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	3 quarter 2023	4 quarter 2023	Nordic Marketplaces	Full year 2023	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 %	1,191 141 109 1,440 13 % (915) 526 37 %	1,158 120 83 1,361 13 % (858) 504 37 %		Nordic Marketplaces total 1,108 Classifieds revenues 131 Advertising revenues 88 Other revenues 1,327 Operating revenues 10 % YOY revenue growth (909) Operating expenses 418 EBITDA 32 % EBITDA-margin	4,530 510 367 5,407 11 % 1,868 35 %	3,967 538 352 4,856 16 % (3,539) (2,948) (2,394) 1,908 39 %	3,311 537 327 4,176 31 % 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 %	772 59 72 903 12 % (427) 476 53 %	741 50 64 855 13 % (421) 434 51 %		Marketplaces Norway 671 Classifieds revenues 54 Advertising revenues 56 Other revenues 781 Operating revenues 7 % YOY revenue growth (418) Operating expenses 363 EBITDA 47 % EBITDA-margin	2,867 211 246 3,324 10 % 1,645 49 %	2,518 234 263 3,016 20 % (1,679) (1,457) (1,188) 1,558 52 %	2,015 237 251 2,503 29 % 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 %	237 49 3 289 5 % (182) 106 37 %	225 42 1 268 4 % (156) 112 42 %		Marketplaces Sweden 239 Classifieds revenues 44 Advertising revenues 3 Other revenues 285 Operating revenues 9 % YOY revenue growth (191) Operating expenses 95 EBITDA 33 % EBITDA-margin	917 171 9 1,097 5 % (690) 407 37 %	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 %	111 15 16 143 26 % (122) 21 15 %	113 14 15 142 21 % (111) 31 22 %		Marketplaces Denmark 120 Classifieds revenues 16 Advertising revenues 21 Other revenues 157 Operating revenues 19 % YOY revenue growth (117) Operating expenses 40 EBITDA 25 % EBITDA-margin	445 60 69 574 20 % (464) 111 19 %	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 %	67 18 21 106 11 % (135) (29) -27 %	74 15 9 98 11 % (109) (11) -11 %		Marketplaces Finland 73 Classifieds revenues 18 Advertising revenues 13 Other revenues 104 Operating revenues 5 % YOY revenue growth (126) Operating expenses (22) EBITDA -21 % EBITDA-margin	285 67 63 415 10 % (492) (77) -19 %	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)	0 (49) (49)	(2) (60) (62)		Other Nordic Marketplaces (1) (0) Operating revenues/eliminations (58) Operating expenses (58) EBITDA (1) Other Nordic Marketplaces includes Nordic Marketplaces headquarters, SPT cost allocation and eliminations	(4) (214) (217)	(59) (106) (165)	(22) (60) (82)
				1.0145 0.9951 1.0130 0.9850 0.9480 0.9568 0.9474 0.9501 0.9806 1.0175 0.9695 1.0164 SEK/NOK 1.3887 1.3408 1.3349 1.3472 1.3524 1.3971 1.4758 1.5645 1.5301 1.5624 DKK/NOK 10.2640 10.0894 10.3274 9.9723 9.9327 10.0228 10.0610 10.3919 10.9845 11.6554 11.4042 11.6525 EUR/NOK										0.9959 0.9506 1.0019 1.5331 1.3579 1.3647 11.4232 10.1020 10.1633
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 %	233 48 3 284 -1 % (179) 105 37 %	232 43 1 276 1 % (160) 116 42 %		Marketplaces Sweden in SEK 235 Classifieds revenues 43 Advertising revenues 3 Other revenues 281 Operating revenues 2 % YOY revenue growth (187) Operating expenses 93 EBITDA 33 % EBITDA-margin	920 172 9 1,101 0 % (692) 409 37 %	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 %	71 10 10 91 8 % (78) 13 15 %	74 9 10 93 7 % (73) 20 22 %		Marketplaces Denmark in DKK 76 Classifieds revenues 10 Advertising revenues 14 Other revenues 100 Operating revenues 6 % YOY revenue growth (75) Operating expenses 25 EBITDA 25 % EBITDA-margin	290 39 45 374 7 % (302) 72 19 %	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 %	6 2 2 9 -4 % (12) (2) -27 %	6 1 1 9 -2 % (10) (1) -11 %		Marketplaces Finland in EUR 6 Classifieds revenues 2 Advertising revenues 1 Other revenues 9 Operating revenues -6 % YOY revenue growth (11) Operating expenses (2) EBITDA -21 % EBITDA-margin	25 6 6 36 -3 % (43) (7) -19 %	25 7 5 37 2 % (35) 3 7 %	25 8 5 37 82 % (34) 3 9 %