Lendo is a leading marketplace for loans with a presence in several markets. Since its start in 2007, Lendo has had a strong growth foremost as the Scandinavian market leader of marketplaces for loan products towards consumers and small and medium enterprises. Part of the growth strategy has been to
Today, Schibsted has informed that its media division, News Media, will be reducing costs by NOK 500 million over the next two years to improve profitability and to bring the EBITDA margin back to the target range of 10-12 per cent in 2024. The cost reductions are due to the
Today, Schibsted informs that EVP CFO Ragnar Kårhus has decided to step down in the summer of 2023, and that a global search for a new CFO will be initiated. Following the transition, Kårhus will remain as senior advisor in Schibsted. “After having had executive positions for more than 25
Schibsted has today acquired 79% of Finnish consumer-to-business (C2B) used car auction marketplace AutoVex. With the acquisition Schibsted shows both its commitment to continue to explore opportunities in the Finnish market, as well as strengthening its marketplace position already established through Oikotie and Tori with new verticals. AutoVex is the
The European Commission today announced that it has sent a Statement of Objections to Meta over anticompetitive conduct, particularly in online classified ads, that violates EU competition rules. Schibsted has actively followed the file and also given input to the Commission. We, therefore, appreciate that the Commission today has
How can we spur innovation when times are tough? Will crypto survive the winter and revolutionise our trading system? And what will happen if China really wins the tech war? Schibsted’s Future Report is our annual outlook on trends within tech, people and business, where employees across Schibsted’s family of
The successful Norwegian startup Dintero which has tripled its growth since March 2021, has completed a funding round of NOK 30M in which Schibsted continues to participate alongside other investors. Dintero delivers an all-in-one payment solution for online shops that integrate all popular payment methods as well as giving platforms
On 6 December we’ll host the launch party for this year’s Schibsted Future Report. The Schibsted Future Report is our annual outlook on trends within tech, people and business. The people within the Schibsted family contribute to boil down the most important ideas and insights for the coming year. The
In two stock exchange releases yesterday afternoon, Schibsted announced that the company is selling almost 24.5 million shares in Adevinta, corresponding to approximately two percent of Adevinta’s issued shares. In addition, the company enters into a so called total return swap (TRS) of around 3 percent of Adevinta’s issued shares.
Jussi Lystimäki will take the role as Head of Ventures from January 1. Going forward, there will be an an increased focus on investing closer to Schibsted’s core business by, amongst other things, strengthening the portfolio with marketplace business models. Jussi comes from the role as CEO of Schibsted Marketplaces
Aftonbladet and Svenska Dagbladet win Voice of the Year and Narrator of the Year. Schibsted’s two Swedish media houses, Aftonbladet and Svenska Dagbladet have every reason to celebrate after Sweden’s most prestigious and prodigious journalism awards were handed out on Thursday evening. Two of five prizes went to Schisbsted newspapers
Today, Schibsted released its Q3 2022 results. Documents and Links Results presentation Q3 2022 Financials and analytical info Q3 2022 Interim report Q3 2022 Q3 2022 Webcast Link Solid quarter for Nordic Marketplaces, while News Media’s financial performance suffered from challenging print business development. “Despite the increased macroeconomic uncertainty, Nordic