Schibsted Q1 2010: France up, Spain down

Picture 4According 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.)

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