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

Pricing power in action

Disclosed prices for new Mobility packages: SWE up 20–65%

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm

The run begins; Mobile IPO next

Mobile.de IPO speculated mid-’26 at EUR 10bn (NOK 73/Vend share

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm

Softer volumes, neg

"New" today: Volumes still soft, Q3 EBITDA down 2.5%. "Old": We still argue cons cost estm for Q3 is too high.

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm

FINN RE: Boosting upgrade incentives

FiNN Real Estate '26 prices to lift sales +15 yoy. Price hikes match est.; upside if package upgrade

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm

13% better and solid outlook

EBITDA +13% vs cons on better sales and lower opex. Pos outlook: ARPA momentum, lower cost and confident in targets

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm

Natural pre-silent script

Outlook comments reiterated - cost could surprise. Volumes: Mobility soft, Real Estate promising

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm

Saying it, doing it, paying it

Delivering as promised - up to NOK 5.5bn back to shareholders

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm

Vend confirms NOK 3.9bn Adevinta payout

Adevinta refinancing confirmed – unlocks NOK 17/share for Vend

Daniel Vårdal Haugland
  • Daniel Vårdal Haugland

Schibsted - Q3 was no game-changer

Q3: low-quality beat, guidance cut, weaker FCF Core segments softer Near-term repricing unlikely, but big underlying value

Daniel Vårdal Haugland
  • Daniel Vårdal Haugland

Schibsted - Q3 first take: mixed bag

EBITDA of NOK 655m, +4% vs cons Low quality beat: mainly FS&V and group/HQ Guidance cut, but limited est chgs – cons already lower

Daniel Vårdal Haugland
  • Daniel Vårdal Haugland

Schibsted - No relief in Q3

Q3e: FINN Jobs weaker, News Media not better Low stub valuation, but no relief with a report below cons. Waiting game until assets are divested

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