SCH Schibsted Asa Class A

Schibsted ASA (SCHA/SCHB) – Successful issuance of unsecured bond

Schibsted ASA (SCHA/SCHB) – Successful issuance of unsecured bond

Reference is made to the notification sent on 15 April 2020 at 09:00 CET regarding a potential new unsecured bond issue by Schibsted ASA.

Schibsted ASA has successfully issued a new senior unsecured bond issue of NOK 1,000 million with maturity 23 October 2023, carrying a coupon of 3 months NIBOR + 2.40% p.a. with quarterly interest payments.

The net proceeds will be used for general corporate purposes and refinancing of existing debt. The settlement date is 23 April 2020 and the bond will be applied for listing on the Oslo Stock Exchange. In conjunction with the bond issue, Schibsted ASA has bought back NOK 199 millions of SCH09 with ISIN NO 0010797533.

SEB has acted as Sole Lead Manager for the bond issue.

For further information, please contact:

Jann-Boje Meinecke, Head of IR



E-mail:

Catharina Thorenfeldt, Group Treasurer



E-mail:

Oslo, 15 April 2020

Schibsted ASA



This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

EN
15/04/2020

Underlying

SCHSchibsted Asa Class A

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Reports on Schibsted Asa Class A

Ole Martin Westgaard
  • Ole Martin Westgaard
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SCH Schibsted Asa C...

Schibsted (Sell, TP: NOK290.00) - Muted growth continues

The Q1 results were above expectations on lower-than-expected costs, while growth continued to be muted. We reiterate our SELL as we continue to find the valuation high relative to growth prospects, but have raised our target price to NOK290 (280) on increased estimates.

SCH SCHIBSTED ASA CLASS A
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ABGSC Media Research ... (+3)
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  • Henrik Bartnes
  • Petter Nystrøm
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ABGSC Media Research ... (+3)
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  • Henrik Bartnes
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SCH Schibsted Asa C...

~20% better on lower cost

Q1: Group EBITDA +17% vs cons on 9% lower cost. Confidence in targets. Cons '25 EBITDA +5%, stock up 5-10%

SCH SCHIBSTED ASA CLASS A
05/07/25 May 7, 2025 1 EN
Ole Martin Westgaard
  • Ole Martin Westgaard
Free Trial
SCH Schibsted Asa C...

Schibsted (Sell, TP: NOK280.00) - Prisjakt sold at low price

Schibsted has signed an agreement to sell Prisjakt to eEquity for SEK500m. We find the price low, at c40% of our SOTP value, but find it positive that the company continues to simplify its portfolio to focus on Nordic Marketplaces. We expect a slightly negative share price reaction.

SCH SCHIBSTED ASA CLASS A
05/06/25 May 6, 2025 1 EN
ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
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SCH SCHIBSTED ASA CLASS A
05/06/25 May 6, 2025 1 EN

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