Vend Marketplaces ASA — Interim / Quarterly Report 2023

Apr 28, 2023

Financials and analytical info Q1 2023

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

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

NOK million

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

NOK million

CONDENSED CONSOLIDATED	31.03	30.06	30.09	31.12	31.03	30.06	30.09	31.12	31.03
STATEMENT OF CASH FLOWS	2021	2021	2021	2021	2022	2022	2022	2022	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
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)
Net interest expense *	126	243	293	347	55	120	191	267	68
Net effect pension liabilities	(55)	(79)	(71)	(85)	(47)	(45)	(33)	(22)	(59)
Share of loss (profit) of joint ventures and associates	-	23	47	193	53	41	212	482	5 295
Dividends received from joint ventures and associates	12	13	16	16	-	55	55	56	-
Interest received *	3	5	7	9	2	5	8	24	31
Interest paid *	(45)	(319)	(357)	(414)	(46)	(130)	(184)	(266)	(85)
Taxes paid	(199)	(397)	(415)	(424)	(81)	(190)	(206)	(260)	(104)
Sales losses (gains) on non-current assets and other non-cash losses (gains)	553	522	404	309	(64)	(37)	(30)	(233)	(263)
Change in working capital and provisions *	136	230	49	195	(141)	(187)	(319)	(90)	113
Net cash flow from operating activities	715	1 318	1 833	2 498	137	535	970	1 684	215
- of which from continuing operations	299	977	1 493	2 157	137	535	970	1 684	215
- 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)
- of which from continuing operations	(424)	(3 534)	(3 782)	(4 425)	(744)	(1 103)	(1 377)	2 616	(216)
- of which from discontinued operations	20	(1 380)	(1 496)	(1 499)	-	-	-	-	-
Net cash flow from financing activities	(341)	1 694	1 525	1 909	847	(249)	(417)	(1 672)	(1 062)
- of which from continuing operations	(69)	2 086	1 917	2 301	847	(249)	(417)	(1 672)	(1 062)
- 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
Net increase (decrease) in cash and cash equivalents	(109)	(1 951)	(1 969)	(1 570)	229	(815)	(821)	2 630	(1 055)
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
Cash and cash equivalents at end of period	2 569	727	709	1 108	1 337	293	287	3 738	2 683
- 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

* 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			Year to date Year to date	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	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 Nordic Marketplaces	1 278	1 171	4 856	4 176
1 761	1 868	1 842	2 055	1 798	1 956	1 835	2 019		1 791 News Media	1 791	1 798	7 608	7 525
523	475	424	491	477	413	425	506		471 Delivery	471	477	1 822	1 913
490	476	533	526	450	487	537	562		513 Growth & Investments	513	450	2 035	2 026
223	216	217	248	239	249	246	248		279 Other/Headquarters	279	239	982	904
(473)	(463)	(469)	(515)	(487)	(500)	(495)	(550)		(555) Eliminations	(555)	(487)	(2 032)	(1 921)
3 401	3 619	3 667	3 936	3 648	3 880	3 756	3 988		3 776 Schibsted Group	3 776	3 648	15 272	14 623
									EBITDA
360	489	499	434	443	549	486	430		420 Nordic Marketplaces	420	443	1 908	1 782
193	263	246	229	81	169	101	180		(0) News Media	(0)	81	531	931
28	10	(10)	(2)	(13)	(28)	(13)	4		(3) Delivery	(3)	(13)	(50)	26
56	42	97	53	29	37	107	109		54 Growth & Investments	54	29	281	249
(43)	(60)	(63)	(80)	(59)	(107)	(25)	(72)		(48) Other/Headquarters	(48)	(59)	(263)	(247)
594	743	769	634	480	620	655	651		423 Schibsted Group	423	480	2 406	2 740

NOK million 1 quarter 2022	2 quarter 2022	3 quarter 2022	4 quarter 2022	1 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 Classifieds revenues 118 Advertising revenues	1 073 118	955 131	3 967 538
	99 84	84	84		87 Other revenues	87	84	352
1 171 33 %	1 274 22 %	1 209 8 %	1 203 6 %		1 278 Operating revenues 9 % YOY revenue growth	1 278 9 %	1 171 33 %	4 856 16 %
(727)	(725)	(723)	(772)		(858) Operating expenses	(858)	(727)	(2 948)
443	549	486	430		420 EBITDA	420	443	1 908
38 %	43 %	40 %	36 %		33 % EBITDA-margin	33 %	38 %	39 %
					Mobility
319	366	391	369		383 Classifieds revenues	383 54	319	1 446
	69 58 58 49	57 52	61 44		54 Advertising revenues 49 Other revenues	49	58 49	245 203
427	493	500	475		485 Operating revenues	485	427	1 894
					14 % YOY revenue growth	14 % (266)
(217) 209	(222) 272	(225) 275	(240) 235		(266) Operating expenses 220 EBITDA	220	(217) 209	(904) 990
49 %	55 %	55 %	50 %		45 % EBITDA-margin	45 %	49 %	52 %
					Jobs
392	363	309	320		369 Classifieds revenues	369	392	1 383
	2 2	1	2		2 Advertising revenues	2	2	7
397	3 3 367	2 312	3 324		3 Other revenues 375 Operating revenues	3 375	3 397	10 1 400
					-6 % YOY revenue growth	-6 %
(166)	(145)	(151)	(156)		(177) Operating expenses	(177)	(166)	(618)
231 58 %	222 60 %	161 52 %	168 52 %		198 EBITDA 53 % EBITDA-margin	198 53 %	231 58 %	782 56 %
					Real Estate
147	193 20 18	192 17	178 18		190 Classifieds revenues 14 Advertising revenues	190 14	147 18	711 74
	13 11	12	10		12 Other revenues	12	11	46
177	226	221	206		216 Operating revenues	216	177	830
					22 % YOY revenue growth	22 % (152)
(129) 48	(128) 97	(129) 93	(132) 74		(152) Operating expenses 64 EBITDA	64	(129) 48	(518) 312
27 %	43 %	42 %	36 %		30 % EBITDA-margin	30 %	27 %	38 %
	73 75	74	94		Recommerce 102 Classifieds revenues	102	75	316
	54 50	44	53		43 Advertising revenues	43	50	201
	6 7	7	11		10 Other revenues	10	7	31
131	134	125	158		155 Operating revenues 18 % YOY revenue growth	155 18 %	131	547
(195)	(196)	(198)	(224)		(241) Operating expenses	(241)	(195)	(813)
(63)	(62)	(74)	(67)		(86) EBITDA	(86)	(63)	(266)
-48 %	-46 %	-59 %	-42 %		-55 % EBITDA-margin	-55 %	-48 %	-49 %
					Other Nordic Marketplaces (1)
	54 39	51	40		46 Operating revenues/eliminations	46	39	184
(20)	(34)	(20)	(21)		(22) Operating expenses	(22)	(20)	(95)
	20 19	31	19	24 EBITDA		24	19	89
					Nordic Marketplaces Operating revenues per country	785
722 248	804 275	758 259	732 264	785 Norway 257 Sweden		257	722 248	3 016 1 046
115	113	117	132	133 Denmark		133	115	477
	95 96	89	99	107 Finland		107	96	379
(10)	(14)	(14)	(24)		(4) Other Nordic Marketplaces (1)	(4)	(10)	(62)
					Mobility Operating revenues per country
188	224	229	201	207 Norway		207	188	842
156	185	182	181	174 Sweden		174	156	704
	77 76	79	84	90 Denmark		90	76	316
	8 7	8	9	15 Finland		15	7	32
					Jobs Operating revenues per country
316	298	249	253	304 Norway		304	316	1 115
	38 39	35	37	34 Sweden		34	39	149
	0 0	0	0	-	Denmark	-	0	0
	31 42	29	35	37 Finland		37	42	137
					Real Estate Operating revenues per country
142	188	181	163	171 Norway		171	142	674
	11 10 1 1	13 0	15 1	17 Sweden 1 Denmark		17 1	10 1	49 2
	26 24	27	27	28 Finland		28	24	104
					Recommerce Operating revenues per country
	44 37	48	69	66 Norway		66	37	197
	38 42	26	28	32 Sweden		32	42	134
	35 38	36	45	42 Denmark		42	38	153
	17 14	15	16	15 Finland		15	14	63
					Other operating revenues per country
	51 38	52	46	36 Norway		36	38	188
	3 1	2	4	(0) Sweden		(0)	1	11
	1 1	2	2	1 Denmark		1	1	5
	13 9	10	12	12 Finland		12	9	43
(10)	(14)	(14)	(24)		(4) Other Nordic Marketplaces (1)	(4)	(10)	(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			Year to date Year to date	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	News Media	2023	2022	2022	2021
restated	restated	restated	restated										restated
									News Media total
607	711	638	842	645	749	628	789		604 Advertising revenues	604	645	2 811	2 797
450	536	486	640	493	570	497	625		478 -of which digital	478	493	2 186	2 113
699	690	728	734	724	750	772	783		788 Subscription revenues	788	724	3 029	2 851
310	311	342	350	350	380	403	413		425 -of which digital	425	350	1 548	1 313
273	282	288	264	238	248	249	229		203 Casual sales	203	238	966	1 107
182	185	188	215	190	208	185	218		195 Other revenues	195	190	802	770
1 761	1 868	1 842	2 055	1 798	1 956	1 835	2 019		1 791 Operating revenues	1 791	1 798	7 608	7 525
5 %	10 %	7 %	4 %	2 %	5 %	0 %	-2 %		0 % YOY revenue growth	0 %	2 %	1 %	6 %
(597)	(638)	(571)	(696)	(660)	(694)	(611)	(680)		(688) Personnel expenses	(688)	(660)	(2 645)	(2 502)
(970)	(967)	(1 025)	(1 130)	(1 057)	(1 093)	(1 123)	(1 159)		(1 103) Other expenses	(1 103)	(1 057)	(4 431)	(4 093)
(1 568)	(1 605)	(1 596)	(1 826)	(1 717)	(1 787)	(1 734)	(1 839)		(1 791) Operating expenses	(1 791)	(1 717)	(7 077)	(6 594)
193	263	246	229	81	169	101	180		(0) EBITDA	(0)	81	531	931
11 %	14 %	13 %	11 %	5 %	9 %	5 %	9 %		0 % EBITDA-margin	0 %	5 %	7 %	12 %

NOK million
1 quarter	2 quarter	3 quarter	4 quarter	1 quarter	2 quarter	3 quarter	4 quarter	1 quarter			Year to date Year to date	Full year	Full year
2021	2021	2021	2021	2022	2022	2022	2022	2023	Delivery	2023	2022	2022	2021
restated	restated												restated
									Delivery total
523	475	424	491	477	413	425	506		471 Operating revenues	471	477	1 822	1 913
157	151	130	159	133	129	138	194		166 - of which Helthjem Netthandel	166	133	594	596
48 %	24 %	13 %	0 %	-9 %	-13 %	0 %	3 %		-1 % YOY revenue growth	-1 %	-9 %	-5 %	19 %
(495)	(465)	(434)	(492)	(490)	(441)	(438)	(503)		(474) Operating expenses	(474)	(490)	(1 873)	(1 886)
28	10	(10)	(2)	(13)	(28)	(13)	4		(3) EBITDA	(3)	(13)	(50)	26
5 %	2 %	-2 %	0 %	-3 %	-7 %	-3 %	1 %		-1 % EBITDA-margin	-1 %	-3 %	-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	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 Operating revenues	513	450	2 035	2 026
4 %	3 %	7 %	-2 %	-8 %	2 %	1 %	7 %		14 % YOY revenue growth	14 %	-8 %	0 %	3 %
(434)	(435)	(436)	(473)	(421)	(450)	(430)	(453)		(458) Operating expenses	(458)	(421)	(1 755)	(1 778)
56	42	97	53	29	37	107	109		54 EBITDA	54	29	281	249
12 %	9 %	18 %	10 %	6 %	8 %	20 %	19 %		11 % EBITDA-margin	11 %	6 %	14 %	12 %
											-
									Lendo		-
269	261	324	287	297	312	358	323		329 Operating revenues	329	297	1 290	1 141
				11 %	20 %	11 %	13 %		11 % YOY revenue growth	11 %	11 %	13 %
(218)	(225)	(248)	(239)	(257)	(274)	(280)	(282)		(276) Operating expenses	(276)	(257)	(1 094)	(931)
50	36	75	48	40	38	78	41		52 EBITDA	52	40	197	210
19 %	14 %	23 %	17 %	13 %	12 %	22 %	13 %		16 % EBITDA-margin	16 %	13 %	15 %	18 %
											-
									Prisjakt
89	87	83	124	76	78	87	141		92 Operating revenues	92	76	382	383
20 %	-7 %	-4 %	-14 %	-15 %	-11 %	6 %	14 %		21 % YOY revenue growth	21 %	-15 %	0 %	-4 %
(64)	(65)	(57)	(88)	(64)	(68)	(59)	(82)		(74) Operating expenses	(74)	(64)	(272)	(274)
25	22	26	36	12	10	29	59		18 EBITDA	18	12	110	109
28 %	25 %	32 %	29 %	16 %	12 %	33 %	42 %		19 % EBITDA-margin	19 %	16 %	29 %	29 %
											-
									Other Growth & Investments (1)		-
132	128	127	115	77	97	91	98		92 Operating revenues/eliminations	92	77	363	503
				-42 %	-24 %	-28 %	-15 %		19 % YOY revenue growth	19 %	-42 %	-28 %
(152)	(144)	(131)	(146)	(101)	(108)	(91)	(89)		(108) Operating expenses	(108)	(101)	(389)	(573)
(19)	(16)	(4)	(31)	(23)	(11)	0	8		(16) EBITDA	(16)	(23)	(26)	(71)
-14 %	-13 %	-3 %	-27 %	-30 %	-11 %	0 %	9 %		-17 % EBITDA-margin	-17 %	-30 %	-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	Nordic Marketplaces	2023	Year to date Year to date Full year 2022	2022	Full year 2021
702	833	893	884	955	1 026	1 002	983		Nordic Marketplaces total 1 073 Classifieds revenues	1 073	955	3 967	3 311
107 67	136 78	135 93	158 89	131 84	149 99	123 84	136 84		118 Advertising revenues 87 Other revenues	118 87	131 84	538 352	537 327
877	1 047	1 121	1 131	1 171	1 274	1 209	1 203		1 278 Operating revenues	1 278	1 171	4 856	4 176
18 % (517)	39 % (558)	35 % (622)	32 % (698)	33 % (727)	22 % (725)	8 % (723)	6 % (772)		9 % YOY revenue growth (858) Operating expenses	9 % (858)	33 % (727)	16 % (2 948)	31 % (2 394)
360	489	499	434	443	549	486	430		420 EBITDA	420	443	1 908	1 782
41 %	47 %	45 %	38 %	38 %	43 %	40 %	36 %		33 % EBITDA-margin	33 %	38 %	39 %	43 %
430	538	522	525	602	665	643	609		Marketplaces Norway 682 Classifieds revenues	682	602	2 518	2 015
49 54	64 69	58 68	66 61	59 60	67 72	50 65	58 65		49 Advertising revenues 53 Other revenues	49 53	59 60	234 263	237 251
533	670	647	653	722	804	758	732		785 Operating revenues	785	722	3 016	2 503
11 % (266)	43 % (300)	33 % (297)	31 % (325)	35 % (330)	20 % (343)	17 % (370)	12 % (413)		9 % YOY revenue growth (413) Operating expenses	9 % (413)	35 % (330)	20 % (1 457)	29 % (1 188)
268 50 %	370 55 %	351 54 %	327 50 %	392 54 %	461 57 %	388 51 %	318 44 %		372 EBITDA 47 % EBITDA-margin	372 47 %	392 54 %	1 558 52 %	1 316 53 %
									Marketplaces Sweden
208	233	227	212	205	220	214	214		216 Classifieds revenues	216	205	854	881
40 4	50 4	44 4	50 4	40 3	49 5	40 4	43 6		38 Advertising revenues 2 Other revenues	38 2	40 3	173 17	185 15
252 6 %	287 10 %	275 4 %	267 -5 %	248 -2 %	275 -4 %	258 -6 %	263 -2 %		255 Operating revenues 3 % YOY revenue growth	255 3 %	248 -2 %	1 043 -4 %	1 081 4 %
(147)	(163)	(152)	(161)	(160)	(178)	(154)	(159)		(162) Operating expenses	(162)	(160)	(651)	(623)
105 42 %	124 43 %	123 45 %	106 40 %	87 35 %	97 35 %	104 40 %	104 40 %		93 EBITDA 37 % EBITDA-margin	93 37 %	87 35 %	392 38 %	458 42 %
									Marketplaces Denmark
		83 16	82 22	78 17	80 14	84 15	92 17		102 Classifieds revenues 15 Advertising revenues	102 15	78 17	335 63	165 38
		16	20	19	20	18	22		16 Other revenues	16	19	80	36
		115	123	115	113	117 2 %	132 7 %		133 Operating revenues 16 % YOY revenue growth	133 16 %	115 0 %	477 100 %	239
		(89)	(94)	(96)	(94)	(94)	(99)		(114) Operating expenses	(114)	(96)	(383)	(183)
		26 23 %	30 24 %	19 17 %	19 17 %	23 20 %	33 25 %		19 EBITDA 15 % EBITDA-margin	19 15 %	19 17 %	94 20 %	56 23 %
									Marketplaces Finland
63 18	62 22	61 16	64 20	69 15	62 19	59 17	67 18		71 Classifieds revenues 15 Advertising revenues	71 15	69 15	257 68	251 77
13	12	11	10	12	15	12	15		20 Other revenues	20	12	53	46
94 292 %	96 300 %	89 12 %	95 5 %	96 2 %	95 -1 %	89 0 %	99 4 %		107 Operating revenues 11 % YOY revenue growth	107 11 %	96 2 %	379 1 %	374 72 %
(91)	(82)	(73)	(94)	(103)	(90)	(77)	(81)		(122) Operating expenses	(122)	(103)	(351)	(340)
4 4 %	14 15 %	15 17 %	0 0 %	(7) -7 %	6 6 %	11 13 %	18 18 %		(16) EBITDA -15 % EBITDA-margin	(16) -15 %	(7) -7 %	28 7 %	34 9 %
(3)	(7)	(6)	(6)	(10)	(13)	(13)	(23)		Other Nordic Marketplaces (1) (2) Operating revenues/eliminations	(2)	(10)	(59)	(22)
(14)	(13)	(10)	(24)	(39)	(20)	(27)	(20)		(46) Operating expenses	(46)	(39)	(106)	(60)
(17)	(19)	(16)	(30)	(48)	(33)	(41)	(43)		(48) EBITDA	(48)	(48)	(165)	(82)
									(1) Other Nordic Marketplaces includes Nordic Marketplaces headquarters, SPT cost allocation and eliminations
1,0145	0,9951	1,0130 1,3887	0,9850 1,3408	0,9480 1,3349	0,9568 1,3472	0,9474 1,3524	0,9501 1,3971		0,9806 SEK/NOK 1,4758 DKK/NOK	0,9806 1,4758	0,9480 1,3349	0,9506 1,3579	1,0019 1,3647
	10,2640 10,0894 10,3274		9,9723					9,9327 10,0228 10,0610 10,3919 10,9845 EUR/NOK		10,9845		9,9327 10,1020 10,1633
205	234	224	216	216	230	226	226		Marketplaces Sweden in SEK 220 Classifieds revenues	220	216	898	879
40 4	50 4	44 4	51 4	42 3	52 5	43 4	45 6		38 Advertising revenues 2 Other revenues	38 2	42 3	182 18	185 15
249	288	271	271	261	287	273	277		260 Operating revenues	260	261	1 098	1 080
2 % (145)	14 % (164)	6 % (150)	1 % (163)	5 % (169)	0 % (186)	0 % (163)	2 % (167)		0 % YOY revenue growth (165) Operating expenses	0 % (165)	5 % (169)	2 % (685)	6 % (622)
104	124	121	108	92	101	110	110		95 EBITDA	95	92	413	457
42 %	43 %	45 %	40 %	35 %	35 %	40 %	40 %		37 % EBITDA-margin	37 %	35 %	38 %	42 %
		60	61	59	59	62	66		Marketplaces Denmark in DKK 69 Classifieds revenues	69	59	247	121
		12 12	16 15	13 14	10 15	11 13	12 16		10 Advertising revenues 11 Other revenues	10 11	13 14	46 59	28 26
		83	92	86	84	87	94		90 Operating revenues	90	86	351	175
		(64)	(70)	(72)	(70)	4 % (69)	3 % (71)		5 % YOY revenue growth (77) Operating expenses	5 % (77)	(72)	101 % (282)	(134)
		19 23 %	22 24 %	14 17 %	14 17 %	17 20 %	23 25 %		13 EBITDA 15 % EBITDA-margin	13 15 %	14 17 %	69 20 %	41 23 %
									Marketplaces Finland in EUR
6	6	6	6	7	6	6	6		6 Classifieds revenues	6	7	25	25
2 1	2 1	2 1	2 1	1 1	2 1	2 1	2 1		1 Advertising revenues 2 Other revenues	1 2	1 1	7 5	8 5
9 299 %	10 337 %	9 16 %	10 13 %	10 5 %	9 0 %	9 3 %	10 0 %		10 Operating revenues 1 % YOY revenue growth	10 1 %	10 5 %	37 2 %	37 82 %
(9)	(8)	(7)	(9)	(10)	(9)	(8)	(8)		(11) Operating expenses	(11)	(10)	(35)	(34)
0 4 %	1 15 %	1 17 %	0 0 %	(1) -7 %	1 6 %	1 13 %	2 18 %		(1) EBITDA -15 % EBITDA-margin	(1) -15 %	(1) -7 %	3 7 %	3 9 %