Schibsted Media Group (SBSNF.PK) reported first-quarter profit before taxes of NOK 107 million, compared to NOK 274 million last year. Excluding Online classifieds Investment phase, the EBITDA was NOK 514 million, compared to NOK 564 million in the same period in 2012. Adjusted profit per share was NOK 0.55 compared to NOK 1.57 prior year.
Operating revenues increased to NOK 3.67 billion from NOK 3.60 billion last year. The Online classifieds operations revenues rose 11 percent. The revenues of the media houses in Norway declined by 5 percent whereas the Swedish media houses increased revenues by 2 percent. The Group said its operating revenues were unchanged, underlying, compared to prior year.
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