1st Quarter 1999 Kjell Aamot CEO & President Trond Berger Stein Yndestad CFO & EVP IR Officer http://www.schibsted.no/ir_eng/ Investor Relations: 23 10 66 96 E-mail:
[email protected] NEWSPAPERS TV/FILM MULTIMEDIA Presentation 1st Q 99 Schibsted - Headlines • General decline in advertising market • Startup expenses at the new printing plant in Nydalen • Successfull launch of the free newspaper Avis1 • Acquisition of the Norwegian publishing house Bladkompaniet • Increased holding in Harstad Tidende NEWSPAPERS TV/FILM MULTIMEDIA Presentation 1st Q 99 Profit & Loss Account (NOK mill.) 1st Q 98 1st Q 99 1998 1,505 1,822 Revenues 6,633 1,335 1,802 Operating expenses 6,315 171 20 Operating profit 318 (6) (2) Group financial items (59) 11 (17) Associated companies 8 5 (19) Net financial items (51) 176 1 Pre-tax profit 267 61 9 Taxes 97 115 (8) NET PROFIT 170 NEWSPAPERS TV/FILM MULTIMEDIA Presentation 1st Q 99 Balance Sheet (NOK Mill.) 3/31/98 3/31/99 1/01/99 1,147 1,584 Total current assets 1,601 3,791 5,362 Total fixed assets 5,137 4,938 6,945 TOTAL ASSETS 6,738 1,322 2,040 Total current liabilities 1,890 Total long-term debt: 620 1,629 Interest-bearing 1,640 451 731 Non interest-bearing 657 71 119 Minority interests 121 2,474 2,426 Total equity 2,430 TOTAL LIABILITIES AND 4,938 6,945 SHAREHOLDERS´ EQUITY 6,738 NEWSPAPERS TV/FILM MULTIMEDIA Presentation 1st Q 99 Cash Flow / Investments (NOK Mill.) 1st Q 98 1st Q 99 1998 193 133 Cash flow* 689 235 140 EBITDA 647 312 377 Total investments* 1,484 2,355 2,002 Cash and unused credit facilities