Schibsted ASA (GB:0MHM) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Schibsted ASA is streamlining its operations by exiting non-core businesses, including the Lendo Group and Prisjakt, and focusing on its four primary verticals for growth. This strategic move will see the company divesting a majority of its venture portfolio and strengthening its job marketplace position in Norway, while closing or selling its Swedish and Finnish job platforms. An update on Schibsted’s strategic and financial goals will be presented at the upcoming Capital Markets Day.
For further insights into GB:0MHM stock, check out TipRanks’ Stock Analysis page.
