Brief: Schibsted maintains online classifieds goal, to focus on bolt-on acquisitions
14/11/2017 14:30
Nov 14 (Reuters) - Schibsted Asa SBSTA.OL
* reiterates existing goal of 15-20 percent revenue growth
in
online classifieds portfolio medium to long term
* there will be focus on cash flow and profitability
improvement
* schibsted's portfolio of online classifieds companies in
investment phase continues to develop well
* monetization is increasing rapidly in many markets, and
losses
have been reduced in 2017. In 2018, losses will be further
reduced
* maintains ambition to engage in targeted m&a activities,
and
will continue to focus on value creative bolt-on acquisitions
and in-market consolidation within online classifieds
* schibsted has initiated a strategic review of personal
finance
operations, including lendo
Source text for Eikon: urn:newsml:reuters.com:*:nGNE5rwVWm
Further company coverage: SBSTA.OL
(Reporting By Camilla Knudsen)
((camilla.knudsen@thomsonreuters.com;))