Schibsted expects to raise its market share in France

Vend Marketplaces ASA

27/09/2016 10:22

OSLO, Sept 27 (Reuters) -     
    ** Sondre Gravir, Executive Vice President in charge of 
Schibsted's top European classified ads platforms, predicted 
continued positive development at the company's French Leboncoin 
service 
    ** Gravir spoke at an investor presentation in London on 
Tuesday: 
    ** "We believe that we are able to deliver strong growth 
also going forward." 
    ** Says expect to further monetize in the French real estate 
market and sees strong growth in the car and jobs divisions 
going forward 
    ** Sees strong synergies between Leboncoin and MB Diffusion 
(an acquisition that was announced Tuesday) 
    ** "We expect to take a bigger market share in France going 
forward." 
    ** In Spain "we see somewhat softer revenue growth for 
Infojobs going forward ... but we remain positive and we also 
see growth opportunities. We are confident about mid-term 
growth." 
    ** "Political uncertainty, combined with a difficult macro 
economic background, is affecting revenues in Spain." 
    ** "We have a strong position in Spain, but we are facing 
increased competition." 
 
 (Reporting by Camilla Knudsen, editing by Terje Solsvik) 
 ((camilla.knudsen@thomsonreuters.com; +47 2331 6595; Reuters 
Messaging: camilla.knudsen.thomsonreuters.com@reuters.net)) 
 
Keywords: SCHIBSTED OUTLOOK/FRANCE