Focus on profitability and innovation to create shareholder value
Schibsted will maintain its focus on profitability .
It is also an objective to maintain the Group's capabilities within innovation. Schibsted Media Group will continue to make targeted investments in online businesses, primarily in the online classifieds sector.
This forms the basis for the creation of long term shareholder value.
The strategy and vision which Schibsted’s Board of Directors has agreed on means the Group’s operations must adapt quickly and be highly developed. Schibsted’s capital structure must be sufficiently robust to maintain the desired freedom of action and to be able to exploit growth opportunities based on strict assessments relating to our allocation of capital.
Schibsted will place emphasis on paying a stable to increasing dividend amount over time. In years of economic slowdown or for other reasons weaker cash flows, the company may reduce or decide not to pay dividend.
Schibsted is exposed to economic cycles as well as structural changes, and the capital structure should also be strong enough to secure financial flexibility during recession periods, which is one of the worst-case scenarios taken into account in our modeling.