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The Norwegian group is ih off the division, which saw revenue growth of an average 19 percent a year between andon April 10, and will name it Adevinta. In addition to expected organic growth, the company could expand further if it pursues mergers and acquisitions in the years ahead.
It had previously reported some weakness in demand for online display advertising which will negatively impact the new business this year. However, it expects this to be temporary, it said. The Schibsted group, which will retain a collection of newspapers and the Nordic online ads business after the split, expects revenue growth in its remaining ads business of percent over the same period.
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Schibsted shares traded down 1. The migration of classified ads online has been a Bdsm club in Kristiansund contributor to the decline of local print newspapers, which depended on paid advertising for jobs, cars and homes before the rise of the Internet. Internet classified ad revenues are growing at an average annual rate of 6.
Graphic: Share price of Schibsted v Norqay Springer link: tmsnrt.
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Investors are prepared to reward digital pure-play media companies far more richly than those with substantial traditional media operations. Schibsted enjoys an enterprise value to core earnings multiple of more than 20, Refinitiv data shows.
That puts it just shy of the valuation for German property and autos site Scout24, which recently agreed to be bought by a group of private equity investors for 5. Similarly, British broadcaster ITV is valued at 7. Discover Thomson Reuters.
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Login Email or Phone. ❶Magnus Carlsen pulled it of with a victory in the third round of rapid chess party in New York on Wednesday night.
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Schibsted shares traded down 1. Discover Thomson Reuters. Continued rise in ba : The number of bankruptcies continues t. There are also links to other more detailed information; however, some of this information is only available in Norwegian.
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