08-05-2025
Schibsted ASA (SBBTF) Q1 2025 Earnings Call Highlights: Revenue Growth and Strategic ...
Q : Can you clarify the timing of the decision to sell the delivery business? Was there a strategic shift or change in performance that accelerated this decision? A : Per Morland, CFO, explained that there was no major strategic shift or change in the buyer landscape. The decision was part of a long-term strategy, and they are now ready to move forward with the sale.
The company anticipates muted total revenue growth for the remainder of 2025, driven by advertising revenue pressures and strategic business simplifications.
Mobility revenues declined by 1% in Q1, with challenges in the professional ARPA segment due to customer churn.
Re-commerce revenues declined by 6%, influenced by the phase-out of non-core revenue streams and a 42% drop in advertising.
The exit from jobs in Sweden and Finland negatively affected revenue growth, with ongoing impacts expected throughout 2025.
The company achieved an 18% increase in group EBITDA, amounting to NOK394 million, driven by strong performance in real estate and reduced operating expenses.
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Story Continues
Q: Should we read anything into your re-commerce conviction from the delivery announcement? How important is the delivery network for your re-commerce business? A: Christian Halvorsen, CEO, stated that the delivery announcement does not affect their conviction in re-commerce. They can operate re-commerce without owning the delivery network, as they do in other markets, and will maintain a partnership with the delivery network.
Q: Can you provide insights on the advertising business and when you expect trends to improve? A: Per Morland, CFO, acknowledged dissatisfaction with the current advertising business performance, attributing it to the separation from media. The goal is to recover to previous levels, but macroeconomic conditions remain a variable.
Q: Regarding the jobs segment, you're above your CMD target for margins. How should we expect margins to trend over the medium term? A: Christian Halvorsen, CEO, noted that Q1 is typically strong for jobs with high margins. However, margins are expected to normalize and end below the 55% target for the year.
Q: On real estate in Norway, is the volume growth market-driven or due to a gain in listing share? A: Christian Halvorsen, CEO, clarified that volume growth is market-driven, not due to increased market share, as they have all properties listed. The media coverage of contract discussions is exaggerated, and they maintain a constructive dialogue with customers.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.
