Q1 2023 Schibsted ASA Earnings Call Transcript
Good morning, everyone, and welcome to the presentation of Schibsted's Q1 results. As usual, Kristin, our CEO; and Ragnar, our CFO, will present the results and progress in the quarter. And at the end of the presentation, we will have a joint Q&A session, where also Christian, EVP for Nordic Marketplaces and Delivery will join.
(Operator Instructions) And with this, please let me hand it over to Kristin. The floor is yours.
Thank you, Jann-Boje, and good morning, and welcome to everyone. Let me start with the highlights before we have a closer look at the development for the quarter. For Schibsted, 2023 started off with an underlying revenue growth of 1% in the first quarter, driven by Nordic Marketplaces and growth and investments. EBITDA was subdued by higher personnel costs, cost inflation and revenue mix, ending at NOK 423 million, down 12% compared to the first quarter last year.
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