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Schibsted ASA (via Public) / Schibsted – Schibsted ASA (SCHA/SCHB) – Interim Financial Statement Q4 2020

Schibsted – Schibsted ASA (SCHA/SCHB) – Interim Financial Statement Q4 2020 Schibsted ASA (SCHA/SCHB) 12.2.2021 07:00:00 CET | Schibsted | Half yearly financial reports and audit reports / limited reviews Today, Schibsted released its Q4 2020 results Comments from the CEO Schibsted ended 2020 with a strong fourth quarter, continuing the recovery after the contraction in the start of the COVID-19 pandemic. Driven by underlying¹ revenue growth of 4 percent and cost savings, we achieved a strong EBITDA of NOK 665 million in Q4, increasing by 45 percent compared to the same period last year, CEO Kristin Skogen Lund says. The higher EBITDA was driven by all business areas, while in particular News Media had another strong quarter, where underlying² revenues grew 5 percent in combination with lower costs. The revenue growth in News Media was driven by continued strong growth in digital subscriptions, an increase in digital advertising and some one-offs from governm

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