The Tinus Trust

Schibsted ASA (SCH) - Interim Financial Statement per 31.12.2010

Today Schibsted ASA (SCH) released its Q4 2010 report, which shows operating revenues of NOK 3.71 billion, underlying a growth of 5 per cent compared to the same period in 2009. Advertising revenues contributed with a growth of 13 per cent. The operating profit (EBITA) in Q4 was NOK 424 million, a growth of 22 per cent compared to the same period in 2009.


- I am very pleased that Schibsted Media Group for the sixth consecutive quarter can present a growth in quarterly result compared to the same period in the previous year. It is our best Q4 ever, CEO Rolv Erik Ryssdal says.


- Together, we have managed to improve our products and strengthen the positions of our media houses and online classifieds operations. This has contributed to a growth in revenue. At the same time, we have benefited from improved advertising markets, especially in Norway and Sweden, Ryssdal says.

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