Schibsted ASA (GB:0MHM) has released an update.
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Schibsted Marketplaces has reported a strategic transformation focusing on four core marketplace verticals – Mobility, Real Estate, Jobs, and Recommerce – which has led to a streamlined company structure and a workforce reduction of 250 positions. The company announced Q2 2024 financial results with a 3% year-on-year increase in revenues to NOK 2,525 million and a slight EBITDA increase to NOK 546 million, with Classifieds revenues notably up by 131%. CEO Christian Printzell Halvorsen expresses confidence in the company’s positioning to leverage its market presence for future value creation.
For further insights into GB:0MHM stock, check out TipRanks’ Stock Analysis page.
