Annual Report 2011

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Media Houses International

  • Successful expansion in France; new revenues record for 20 Minutes.
  • The results in Spain were adversely impacted due to the financial crisis.
MEDIA HOUSES INTERNATIONAL (MNOK)20112010
Operating revenues 1,004 1,009
Gross operating profit (EBITDA) 38 60
Gross operating margin (EBITDA) 4 % 6 %

Schibsted Media Group’s media houses outside of Norway and Sweden are located in Spain, France, Estonia, Latvia and Lithuania.

The operating margin (EBITDA) fell slightly due to the focus on increased distribution in France and the weak results for the Spanish operation. Spain has a very difficult macro-economic situation and no solution in sight. The result was charged with costs for the successful investments in product development.

In 2011 the international media houses had an underlying growth in operating revenues of two per cent.

  • 20 MINUTES (FRANCE)

    In France the free newspaper 20 Minutes had a growth in operating revenues of 16 per cent and consolidated the position as the country's most-read newspaper. Total operating revenues was to EUR 60.6 million. (EUR 52.4 million.). The operating margin (EBITDA) was 4 per cent (7%).

     

     

    20 MINUTES IN 2011

  • 20 MINUTOS (SPAIN)

    The free newspaper 20 Minutos is Spain's most-read newspaper, with a weekday readership of 2.1 million. The financial crisis in Spain has led to a decline in the advertising market compared to 2010. Total operating revenues were EUR 22.3 million (EUR 26.0 million). The operating margin (EBITDA) was -16 per cent (2%).

     

    20 MINUTOS IN 2011

  • EESTI MEEDIA GROUP

    Schibsted owns several companies in Estonia, Latvia and Lithuania. These are organized through the holding company Eesti Meedia Group. The Baltic market showed some improvement in 2011. Total operating revenues were EUR 75.7 million (EUR 72.2 million). The perating margin (EBITDA) was 10 per cent (9%).

     

    EESTI MEEDIA GROUP IN 2011

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