Schibsted Q1 2010: France up, Spain down
According to the Q1 2010 report of Norwegian media group Schibsted, free daily newspaper 20 Minutes in France showed a 12% growth in operating revenues. The operation, however, still lost money in Q1 as it showed an operating margin (EBITA) of -7% (-€0.9m) (-18% in Q1 2009).
There was a 15% decline in operating revenues for 20 Minutes in Spain while the operating margin (EBITA) was -13% (-€0.8m) (-26% in Q1 2009).
Also both online versions lost money in Q1 2009 – in both cases the loses were less than in the same quarter of 2009.
(Graph from Schibsted presentation, click to enlarge.)