Schibsted ASA (SCH) -Interim Financial Statement Q2 2014

Today, Schibsted Media Group released its Q2 2014 report, showing operating
revenues of NOK 3.83 billion. The Online classifieds segment increased its
revenues with 12 percent, 15 percent excluding Spain. The gross operating profit
(EBITDA) was NOK 574 million. (562 million).

- In Q2 2014 Schibsted Media Group continued to develop the online operations. I
am satisfied to see our Online classifieds sites overall have strong traffic
growth and improved user engagement. This is evidence of Schibsted's ability and
willingness to build the online marketplaces of the future. Our portfolio of
leading positions in European markets with a combined population of more than
200 million indicates a significant future potential for value creation, CEO
Rolv Erik Ryssdal says.

- At the same time Schibsted continues its program of organic investments in
emerging markets. Together with our joint venture partners, we are seeing very
positive growth of our services in Brazil, Chile, and Indonesia, among other
markets. We are confident that our investments are value creative, as the
positions we are building will be valuable as the markets mature, Rolv Erik
Ryssdal says.

- Our media houses continue their work to become world class digital media
houses. Digital revenues now make up one third of the total media house
revenues, and it is satisfactory to see that the online revenue growth rate for
the newspapers is as high as 21 percent. It is particularly reassuring to see
that the growth not only is coming from advertising sales, but now increasingly
from readers paying to access our editorial content online, Rolv Erik Ryssdal
says.

- Simultaneously, the print advertising revenues decline with a high, steady
pace. This creates a great challenge, as we have to adapt the cost base
accordingly. Reduction of cost in order to maintain a healthy profit is one of
the key objectives for the management teams of our media houses. Nevertheless,
we may see that margins in the media houses will remain under some pressure
during this important transition phase from offline to online business models,
CEO Rolv Erik Ryssdal says.

Highlights of Q2 2014
(Figures in brackets refer to the corresponding period in 2013.)

* EBITDA of NOK 574 million (562 million). Excluding investments in New
Ventures in Online classifieds, the Group EBITDA was NOK 711 million (781
million).
* Online classifieds EBITDA margin of 32 percent (28%), 44 percent (49%)
excluding investments in New Ventures

* Continued growth and high margins in Sweden and France. Investing in
building the next generation online classifieds marketplace in Norway.
* Building future positions through investments in traffic growth across
the portfolio. Strong growth in key performance indicators such as
number of new ads in the investment phase sites, including Brazil.
* Several new mobile apps in the pipeline. Taking control of mobile only
market place Shpock, with good traction in Germany and UK.
* Positioning Leboncoin.fr to capture the real estate potential in France.
* Acquisition of Milanuncios.com in Spain expected to be closed in Q3
2014.

* Mixed development in Media houses.

* Strong online positions secure overall revenue growth and firm margins
for VG and Aftonbladet.
* Accelerated print advertising decline for subscription newspapers.
Continuous work on adapting cost base to the development.
* Steady growth and margin improvement for personal finance services.



Q2 Q2           1st half-year FY

2013 2014  (MNOK) 2014 2013 2013

3,870 3,834 Operating revenues       7,544       7,457     14,870

562 574 Gross operating profit (EBITDA) 984 859 1,777

15 % 15 % EBITDA margin 13 % 12 % 12 %

Gross operating profit (EBITDA)
781 711 ex. Investment phase       1,262       1,302       2,647

EBITDA margin ex. Investment
20 % 19 % phase 17 % 18 % 18 %


Schibsted invites to an analyst and press conference at Apotekergaten 10, Oslo,
18 July 2014 at 09:00 CET. The presentation will be transmitted live as a video
webcast on www.schibsted.com/ir.

A conference call with Q&A linked to the Q2 2014 numbers will take place 18 July
2014 at 14:00 CET. Please dial in at the following numbers:

International: +44(0)20 3427 1909
From Norway: 800 56054
Conference code: 9278525

Contact persons:
Trond Berger, CFO. Tel: +47 916 86 695
Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733

Oslo, 18 July 2014
SCHIBSTED ASA

Jo Christian Steigedal
VP Investor Relations



This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


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