|MEDIA HOUSES INTERNATIONAL (MNOK)||2011||2010
|Gross operating profit (EBITDA)
|Gross operating margin (EBITDA)
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.