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    SCHA   NO0003028904

SCHIBSTED ASA

(SCHA)
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Schibsted : Q2 2021 Financials and Analytical Info

07/16/2021 | 01:05am EDT

Financials and analytical info as of Q2 2021

  1. Profit loss statement
  2. Balance sheet
  3. Cash flow
  4. Segment overview
  5. Nordic Marketplaces
  6. News Media
  7. Financial Services
  8. Growth

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 (on paternity leave)

Malin Langtvet, 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

2019

2019

2019

2019

2020

2020

2020

2020

2021

2021

INCOME STATEMENT

2021

2020

2020

2019

restated and

restated and

restated and

restated and

restated and

restated and

restated

restated

restated and

restated

restated and

re-presentedre-presentedre-presented

re-presentedre-presentedre-presented

re-presented

re-presented

566

629

610

578

593

590

649

653

702

832

Classified revenues

1,534

1,183

2,485

2,383

772

836

639

887

653

653

630

894

705

843

Advertising revenues

1,549

1,305

2,829

3,134

538

597

451

641

473

495

490

694

551

670

-of which digital

1,221

968

2,153

2,227

679

677

701

703

689

717

737

761

763

753

Subscription revenues

1,516

1,407

2,905

2,760

256

271

293

294

301

324

349

363

374

374

-of which digital

748

625

1,336

1,113

333

340

355

330

306

315

331

303

273

282

Casual sales

555

621

1,256

1,358

739

734

727

818

785

799

840

1,009

958

908

Other revenues

1,866

1,584

3,434

3,017

3,089

3,216

3,032

3,316

3,026

3,073

3,188

3,620

3,401

3,619

Operating revenues

7,019

6,099

12,908

12,653

(102)

(102)

(101)

(111)

(93)

(100)

(109)

(151)

(146)

(129)

Raw materials and finished goods

(275)

(193)

(454)

(416)

(1,232)

(1,213)

(1,078)

(1,270)

(1,221)

(1,189)

(1,130)

(1,365)

(1,299)

(1,366)

Personnel expenses

(2,665)

(2,410)

(4,905)

(4,793)

(1,337)

(1,343)

(1,311)

(1,476)

(1,427)

(1,286)

(1,271)

(1,439)

(1,361)

(1,380)

Other operating expenses

(2,741)

(2,713)

(5,422)

(5,467)

418

557

542

460

285

498

678

665

594

743

Gross operating profit (loss) - EBITDA

1,338

783

2,126

1,977

(208)

(208)

(196)

(201)

(193)

(199)

(218)

(218)

(220)

(233)

Depreciation and amortisation

(454)

(393)

(829)

(813)

(19)

(18)

(8)

(13)

(30)

(4)

2

(12)

(0)

(22)

Share of profit (loss) of joint ventures and associates

(23)

(34)

(44)

(58)

(9)

(0)

(0)

(26)

(0)

(13)

(7)

(40)

(6)

(91)

Impairment loss

(97)

(13)

(61)

(35)

-

-

1

9

66

63

(1)

17

10

64

Other income

74

129

146

11

(14)

(38)

(48)

(61)

(11)

(59)

(94)

(72)

(31)

(45)

Other expenses

(76)

(70)

(237)

(162)

168

293

290

168

117

285

360

339

346

415

Operating profit (loss)

761

402

1,101

920

33

18

22

19

16

7

14

12

3

4

Financial income

8

24

37

89

(43)

(45)

(47)

(48)

(56)

(53)

(52)

(47)

(56)

(58)

Financial expense

(114)

(110)

(197)

(179)

158

266

266

139

77

239

321

304

294

362

Profit (loss) before taxes

655

316

941

829

(59)

(86)

(77)

(53)

(28)

264

(59)

(49)

(71)

(57)

Taxes

(128)

236

128

(275)

99

180

189

86

48

503

262

254

222

305

Profit (loss) from continuing operations

527

552

1,068

554

221

173

213

35

(434)

(34)

(209)

444

(501)

60,471

Profit/loss from discontinued operations

59,970

(468)

(233)

642

320

353

402

121

(385)

469

53

698

(279)

60,776

Profit (loss)

60,497

84

836

1,196

Profit (loss) attributable to:

19

83

109

36

(171)

(1)

(58)

209

(175)

(135)

Non-controlling interests

(310)

(173)

(22)

247

300

271

292

85

(214)

471

112

490

(104)

60,911

Owners of the parent

60,807

257

858

949

Earnings per share (NOK)

1.26

1.14

1.23

0.36

(0.91)

2.01

0.48

2.09

(0.44)

260.36

Basic

259.95

1.10

3.67

4.00

1.26

1.13

1.23

0.36

(0.91)

2.01

0.48

2.09

(0.44)

259.92

Diluted

259.48

1.10

3.66

3.99

1.42

1.40

1.43

1.36

(1.11)

2.03

1.60

2.69

1.41

3.50

Basic - adjusted

4.91

0.91

5.21

5.59

1.41

1.40

1.43

1.36

(1.11)

2.03

1.60

2.69

1.41

3.50

Diluted - adjusted

4.91

0.91

5.20

5.58

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

2019

2019

2019

2019

2020

2020

2020

2020

2021

2021

Intangible assets

16,287

16,459

16,748

17,369

19,773

19,014

6,153

6,018

5,824

9,420

Property, plant and equipment and investment property

845

866

857

849

869

745

492

480

462

499

Right-of-use assets

1,789

1,764

2,374

2,317

2,894

2,735

1,641

1,620

1,549

1,516

Investments in joint ventures and associates

4,407

4,423

4,470

4,529

4,340

4,062

906

922

918

69,883

Deferred tax assets

264

218

274

179

234

588

702

690

709

716

Other non-current assets

154

166

182

241

346

344

88

101

97

132

Non-current assets

23,746

23,897

24,904

25,483

28,456

27,489

9,981

9,832

9,560

82,166

Contract assets

359

477

335

224

226

226

178

173

170

267

Trade receivables and other current assets

2,656

2,763

2,732

3,047

3,198

3,147

1,839

1,792

1,835

1,617

Cash and cash equivalents

727

4,578

4,403

3,866

3,977

6,282

1,021

1,306

1,104

727

Assets held for sale

-

-

-

157

-

-

25,184

35,375

33,292

-

Current assets

3,743

7,818

7,470

7,294

7,401

9,655

28,222

38,646

36,401

2,610

Total assets

27,489

31,715

32,374

32,778

35,857

37,144

38,204

48,478

45,961

84,776

Paid-in equity

6,924

6,941

6,948

6,969

6,993

6,990

7,011

7,028

7,034

7,026

Other equity

7,251

4,182

3,737

3,529

3,820

3,696

3,738

3,151

2,770

64,120

Equity attributable to owners of the parent

14,175

11,123

10,685

10,498

10,813

10,686

10,749

10,178

9,804

71,145

Non-controlling interests

272

6,208

6,367

6,383

6,887

6,402

6,111

5,675

5,465

112

Equity

14,447

17,331

17,052

16,882

17,700

17,088

16,860

15,853

15,269

71,257

Deferred tax liabilities

884

838

852

944

1,078

1,020

335

351

331

641

Pension liabilities

1,175

1,190

1,438

1,095

1,356

1,450

1,235

1,154

1,094

1,065

Non-currentinterest-bearing loans and borrowings

3,830

4,246

4,286

4,729

4,958

5,297

3,139

3,090

3,078

6,344

Non-current lease liabilities

1,644

1,607

2,262

2,192

2,750

2,579

1,550

1,503

1,424

1,388

Other non-current liabilities

318

373

367

355

521

411

290

317

269

389

Non-current liabilities

7,851

8,255

9,204

9,314

10,664

10,757

6,550

6,416

6,195

9,827

Current interest-bearing loans and borrowings

88

1,079

1,080

1,089

1,102

3,133

693

678

675

79

Income tax payable

310

245

334

234

184

115

235

74

95

122

Current lease liabilities

388

401

356

352

426

446

275

286

293

298

Contract liabilities

1,206

1,187

1,126

1,109

1,278

1,227

585

600

635

632

Other current liabilities

3,200

3,217

3,222

3,660

4,502

4,378

2,279

2,537

2,322

2,562

Liabilities held for sale

-

-

-

138

-

-

10,727

22,034

20,476

-

Current liabilities

5,191

6,128

6,118

6,582

7,492

9,299

14,793

26,209

24,497

3,692

Total equity and liabilities

27,489

31,715

32,374

32,778

35,857

37,144

38,204

48,478

45,961

84,776

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

2019

2019

2019

2019

2020

2020

2020

2020

2021

2021

Profit (loss) before taxes from continuing operations

158

424

690

829

77

316

637

941

294

655

Profit (loss) before taxes from discontinued operations

356

657

1,031

1,119

(308)

(247)

(272)

154

(335)

(130)

Depreciation, amortisation and impairment losses

328

636

932

1,537

335

710

968

1,226

226

552

Net effect pension liabilities

(65)

(51)

(56)

(84)

(46)

(42)

(28)

(7)

(55)

(79)

Share of loss (profit) of joint ventures and associates, net of dividends received

(21)

62

72

40

27

9

40

52

12

36

Taxes paid

(301)

(597)

(779)

(978)

(159)

(333)

(522)

(819)

(199)

(397)

Sales losses (gains) non-current assets and other non-cash losses (gains)

1

2

(2)

(1)

(66)

(124)

(138)

(189)

553

522

Non-cash items and change in working capital and provisions

323

132

196

382

678

717

974

1,043

220

159

Net cash flow from operating activities

778

1,265

2,085

2,844

538

1,005

1,659

2,402

715

1,318

- of which from continuing operations

276

582

1,038

1,532

98

418

711

1,292

299

977

- of which from discontinued operations

502

683

1,047

1,312

440

587

948

1,110

416

341

Net cash flow from investing activities

(491)

(867)

(1,144)

(2,244)

(366)

(708)

(2,947)

(6,109)

(404)

(4,914)

- of which from continuing operations

(334)

(475)

(638)

(888)

(165)

(348)

(2,473)

(2,654)

(424)

(3,534)

- of which from discontinued operations

(157)

(392)

(506)

(1,356)

(201)

(360)

(474)

(3,455)

20

(1,380)

Net cash flow from financing activities

(1,387)

2,352

1,626

1,429

(201)

2,121

2,022

2,624

(341)

1,694

- of which from continuing operations

(1,024)

2,547

1,849

1,219

(155)

(319)

(391)

(498)

(69)

2,086

- of which from discontinued operations

(363)

(195)

(223)

210

(46)

2,440

2,413

3,122

(271)

(392)

Effect of exchange rate changes on cash and cash equivalents

(16)

(16)

(7)

(7)

140

(2)

67

(105)

(80)

(48)

Net increase (decrease) in cash and cash equivalents

(1,116)

2,734

2,560

2,022

111

2,417

801

(1,188)

(109)

(1,951)

Cash and cash equivalents at start of period

1,844

1,844

1,844

1,844

3,866

3,866

3,866

3,866

2,678

2,678

Cash and cash equivalents at end of period

727

4,578

4,403

3,866

3,977

6,282

4,666

2,678

2,569

727

- of which cash and cash equivalents in assets held for sale

-

-

-

-

-

-

3,645

1,371

1,464

-

- of which cash and cash equivalents excluding assets held for sale

727

4,578

4,403

3,866

3,977

6,282

1,021

1,306

1,104

727

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

2019

2019

2019

2019

2020

2020

2020

2020

2021

2021

SCHIBSTED GROUP

2021

2020

2020

2019

restated

restated

restated

restated

restated

restated

restated

restated

restated

restated

restated

Operating revenues

722

813

769

758

743

753

827

857

877

1,047

Nordic Marketplaces

1,924

1,496

3,181

3,062

1,883

1,940

1,775

1,971

1,770

1,802

1,809

2,078

1,845

1,947

News Media

3,792

3,572

7,459

7,568

273

245

275

260

293

252

289

265

279

271

Financial Services

550

545

1,100

1,054

474

480

497

607

544

604

593

775

744

689

Growth

1,434

1,148

2,517

2,058

141

151

143

143

167

177

162

162

161

158

Other/Headquarters

319

344

668

579

(404)

(414)

(427)

(423)

(491)

(516)

(493)

(517)

(505)

(494)

Eliminations

(999)

(1,007)

(2,017)

(1,668)

3,089

3,216

3,032

3,316

3,026

3,073

3,188

3,620

3,401

3,619

Schibsted Group

7,019

6,099

12,908

12,653

EBITDA

307

374

373

306

298

341

356

340

360

489

Nordic Marketplaces

849

639

1,336

1,360

126

203

166

156

37

148

272

294

205

275

News Media

481

184

750

651

57

29

51

33

38

31

86

49

50

39

Financial Services

89

69

203

169

(0)

16

16

48

(19)

33

34

61

35

13

Growth

48

14

109

80

(71)

(66)

(63)

(83)

(69)

(54)

(69)

(80)

(56)

(73)

Other/Headquarters

(128)

(123)

(272)

(284)

418

557

542

460

285

498

678

665

594

743

Schibsted Group

1,338

783

2,126

1,977

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Schibsted ASA published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 05:04:08 UTC.


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Sales 2021 14 461 M 1 662 M 1 662 M
Net income 2021 61 699 M 7 092 M 7 092 M
Net Debt 2021 6 285 M 722 M 722 M
P/E ratio 2021 1,66x
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Chart SCHIBSTED ASA
Duration : Period :
Schibsted ASA Technical Analysis Chart | SCHA | NO0003028904 | MarketScreener
Technical analysis trends SCHIBSTED ASA
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 436,90 NOK
Average target price 514,78 NOK
Spread / Average Target 17,8%
EPS Revisions
Managers and Directors
Kristin Skogen Lund Chief Executive Officer
Ragnar Kårhus Chief Financial Officer
Ole Jacob Sunde Chairman
Sven Størmer Thaulow Chief Data & Technology Officer
Christian Ringnes Independent Director
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