Q1 2019 Schibsted ASA Earnings Presentation Transcript

May 15, 2019 / 07:00AM GMT
Presentation
May 15, 2019 / 07:00AM GMT

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Corporate Participants
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* Kristin Skogen Lund
Schibsted ASA - CEO & Country Manager for Norway
* Trond Berger
Schibsted ASA - Executive VP & CFO

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Kristin Skogen Lund - Schibsted ASA - CEO & Country Manager for Norway

Okay. Welcome, everybody. And thank you for following our presentation of the Q1 results, and we'll jump right through it. Here you see the overview. We're happy to report digital revenue growth of 6%. The total revenue growth was 3%. You see that that is led by the Nordic Marketplaces with a very healthy revenue growth of 12%. Media more or less flat at minus 1% and then somewhat lower growth in Next than we have seen, but we have good reasons for that. We'll come back to it. When it comes to the EBITDA, those figures are inflated by NOK 84 million due to the IFRS 16 changes. And roughly, you could say that if you exclude that effect, margins are -- and EBITDA are up for Nordic Marketplaces, down for Next and

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