Vend Marketplaces ASA

Report Publication Announcement • Mar 11, 2021

Schibsted ASA (SCHA/SCHB) - Capital Markets Day today at 10:00 CET

Schibsted ASA (SCHA/SCHB) - Capital Markets Day today at 10:00 CET

11.3.2021 07:00:00 CET | Schibsted | Non-regulatory press releases

Nordic digital front-runner driving growth

Today, Schibsted hosts a virtual Capital Markets Day for shareholders,

investors, analysts and other stakeholders from 10:00 CET to 13:00 CET. The

event can be followed at schibsted.com/ir -

https://channel.royalcast.com/landingpage/hegnarmedia/20210311_1/ (

https://bit.ly/2MMRKWG).

Continued growth prospects is the key topic for the event with the title "Nordic

digital front-runner driving growth".

"Schibsted operates some of the most popular internet services in the Nordics

and is uniquely positioned for further growth. We are focusing on four strategic

priorities which will increase revenues and value going forward:

1. Strengthening Nordic Marketplaces by expanding & consolidating our Nordic

positions, leveraging our current positions and transforming to Next Gen

2. Strengthening our digital news positions with an even stronger focus on

subscriptions, enabling top-line growth and healthy margins

3. Pursuing new opportunities building on Schibsted's existing positions,

through:

* Fueling the subscription economy

* Enabling the e-commerce value-chain

4. Leveraging Schibsted's growth acceleration capabilities to launch new

businesses and extend positions, through:

* Continuing to invest in Financial Services as well as integrating Fintech

in our business

* Continuing to pursue new growth opportunities through venture investments

These initiatives will be supported by Schibsted's services - advertising, data,

subscriptions and integrations - which we leverage across the Group. Data is a

key element for all these services and based on our positions with e.g. 977

million average monthly visits, a weekly digital reach of around 80 percent in

Norway and Sweden, and 3.3 million daily logged-in users we are uniquely

positioned," CEO Kristin Skogen Lund says.

"Schibsted will continue to use disciplined capital allocation as an important

tool to unlock growth and value. Our four strategic priorities will guide our

capital allocation - with continued focus on Nordic Marketplaces. Over time, we

will also perform share buybacks to address any over-capitalization when we

believe this is value-enhancing for our investors. We also reiterate our

financial targets with a revenue target for Nordic Marketplaces of 8-12 percent

in the medium to long-term and an EBITDA margin target of 8-10 percent for News

Media in the medium term," CFO Ragnar Kårhus says.

"Looking at Adevinta, we are focusing on further value creation as a long-term

financial owner. With the closing of the eBay-deal* we see material value

creation potential through the combination of these two companies, both

organically through developing their strong market positions further, but also

through pursuing further M&A and consolidation opportunities. Schibsted has the

capabilities and knowledge to support Adevinta in realizing this potential. Our

shareholding will never stand in the way of value-creating transactions," CEO

Kristin Skogen Lund says.

* Closing is expected in Q2 2021, subject to regulatory approvals and other

customary closing conditions

Program for the day, 11 March 2021:

10:00 CET: Presentations

During the event, management will provide an update on Schibsted's strategy and

initiatives to drive further growth.

Agenda:

10:00 CET: Welcome

Ole Jacob Sunde, Board Chair

Kristin Skogen Lund, CEO

Christian Printzell Halvorsen, EVP Nordic Marketplaces

Siv Juvik Tveitnes, EVP News Media

11:30-11:45 CET: Break

Raoul Grünthal, EVP Next

Dan Ouchterlony, SVP Financial Services

Ragnar Kårhus, CFO

Approximately 12:30-13:00 CET: Q&A

The presentations will be held in English and can be viewed live or recorded at

schibsted.com/ir -

https://channel.royalcast.com/landingpage/hegnarmedia/20210311_1/ (

https://bit.ly/2MMRKWG).

Approximately 12:30 CET: Q&A

Live Q&A session with all presenters.

Participants who would like to ask questions can dial in using the following

link Q&A Schibsted CMD - click to join -

https://events.globalmeet.com/Public/ClickToJoin/ZW5jPWtyTGRFYzZOY1RVSnJiQWx6bHN

JOTlzaHl1NW5jVGVodEtGUTJ0WFZJNjR2ZUg1UTIxbnhoUT09 (https://bit.ly/3qaYz1F) or

call one of the dial-in numbers below.

To avoid any potential waiting times when dialing in to the Q&A, we recommend to

use the "click to join link" above.

Dial-in details:

Please join the event 5-10 minutes prior to scheduled start time.

Norway: +47 2350 0501

Sweden: +46 (0)8 5664 2793

Finland: +358 (0)9 7479 0243

Denmark: +45 35 15 80 49

UK: +44 (0)330 336 9411

US: +1 646-828-8193

Other locations: Please choose one of the above

Confirmation code: 1129763

Oslo, 11 March 2021

SCHIBSTED ASA

CONTACTS

* Jann-Boje Meinecke, VP, Head of Investor Relations, +47 941 00 835,

jbm@schibsted.com

* Malin Langtvet, Investor Relations Officer, +47 916 86 710, ir@schibsted.com

ABOUT SCHIBSTED

Schibsted is a family of digital consumer brands with a strong Nordic position,

and more than 5,000 employees on a mission to empower people in their daily

lives. Millions of people interact with our companies every day through our

leading online marketplaces such as FINN in Norway and Blocket in Sweden,

world-class media houses including Aftenposten, VG and Aftonbladet, and digital

services that empower consumers, represented by companies such as Lendo. We also

help new promising businesses realize their potential.

Schibsted has the mindset of a start-up and the heart of an established company

that has stood on its own feet since 1839. In 2019, Adevinta - Schibsted's

international marketplaces - was spun off and publicly listed on Oslo Børs as a

separate company.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847482/377/468/Download%20announcement%2

0as%20PDF.pdf

Schibsted_CMD_2021.pdf -

https://kommunikasjon.ntb.no/ir-files/17847482/377/466/Schibsted_CMD_2021.pdf