SCH Schibsted Asa Class A

Schibsted ASA (SCHA/SCHB) – Invitation to today's conference call and Q&A regarding Adevinta's agreement to acquire eBay Classifieds Group

Schibsted ASA (SCHA/SCHB) – Invitation to today's conference call and Q&A regarding Adevinta's agreement to acquire eBay Classifieds Group

We hereby invite you to participate at Schibsted’s conference call and Q&A related to Adevinta’s acquisition of eBay Classifieds Group on 21 July 2020 at 11:30 CET.

Management participants:

CEO Kristin Skogen Lund

CFO Ragnar Kårhus

EVP Nordic Marketplaces Christian Printzell Halvorsen.

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

Participant Passcode: 907529

Norway:

Sweden: +46 (0)8 5033 6546

United Kingdom: +44 (0)330 336 9401

United States:

 

You can also follow the presentation slides (without audio, please call numbers above for audio) here: 

Attachment

EN
21/07/2020

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Reports on Schibsted Asa Class A

Schibsted ASA: 1 director

A director at Schibsted ASA sold 14,850 shares at 315.000NOK and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Ali Shemmari
  • Petter Nystrøm

Just a delay

NMP 3% below, weak outlook and cost-cut delays. Buying the remainder of Finn at a ~28% discount to our SOTP. Still solid value support: SOTP NOK 350/sh. BUY, TP NOK 350 (355).

Ole Martin Westgaard
  • Ole Martin Westgaard

Schibsted (Hold, TP: NOK320.00) - Whetting the blade

Schibsted delivered a weak Q1 report, including figures below expectations adjusted for News Media due to higher costs YOY and the withdrawal of the 2024 guidance for Nordic Marketplaces. We reiterate our HOLD and NOK320 target price, with negative estimate revisions offset by peer group multiples expansion.

ABGSC Media Research ... (+2)
  • ABGSC Media Research
  • Petter Nystrøm

NP 3% below, cost cuts paused

Q1: Group EBITDA 0% vs cons: NP 3% below. Cost cuts paused until Media separation. Targets paused.

Ole Martin Westgaard
  • Ole Martin Westgaard

Schibsted (Hold, TP: NOK320.00) - Cautious distribution

Schibsted has announced a final agreement for the sale of News Media to the Tinius Trust and an intention to return NOK24bn to shareholders. We find the proposed distribution slightly on the low side as it will leave Schibsted debt free. Furthermore, we continue to find the proposed selling price for News Media low.

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