Schibsted is a limited company which aims to provide competitive financial returns based on a sound balance sheet. The company must meet the stock market’s demands for yield, growth and professionalism.
Schibsted's financial targets are the following (confirmed at the Schibsted Media Group Investor Day 9-10 October 2013):
Annual growth in operating revenues for Online classifieds the coming 3 years: 15-20%
Financial gearing: NIBD/EBITDA 1-2x. In special situations up to 3x, but with a plan to reduce to normal range
Dividend policy: 25-40% of cash flow
Equity ratio: 35-50%, minimum 25%