Schibsted reports Q1 results on May 6, where we expect the focus to be on the outlook for Q2/Q3 following COVID-19. We expect temporary weakness within Marketplaces and News Media, but improved growth in Distribution (HeltHjem, Morgenlevering). We maintain our Buy rating as we view Schibsted’s current valuation as attractive, only reflecting the ownership in Adevinta and Finn. A potential sell-down in Adevinta remains a long-term trigger.
29 Apr 2020
Attractive valuation, despite COVID-19 impact
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Attractive valuation, despite COVID-19 impact
Schibsted Asa Class A (XPG:FRA) | 0 0 0.0%
- Published:
29 Apr 2020 -
Author:
Henriette Trondsen -
Pages:
13
Schibsted reports Q1 results on May 6, where we expect the focus to be on the outlook for Q2/Q3 following COVID-19. We expect temporary weakness within Marketplaces and News Media, but improved growth in Distribution (HeltHjem, Morgenlevering). We maintain our Buy rating as we view Schibsted’s current valuation as attractive, only reflecting the ownership in Adevinta and Finn. A potential sell-down in Adevinta remains a long-term trigger.