What brands does Schibsted Spain own?
Schibsted Spain has a leading position in the Spanish online classifieds market, with brands such as:
- Fotocasa and Habitaclia (real estate)
- Coches.net (cars)
- Infojobs (jobs)
- Milanuncios and Vibbo (general classifieds)
Fotocasa is a leading property portal (real estate), competing with Idealista. However in 2017, Schibsted Spain acquired Habitaclia to strengthen further the leadership of Schibsted Spain in the real estate sector.
Revenues and EBITDA of Schibsted Spain
Schibsted Spain grew its revenue by 19% to EUR 155 million in the 12 month period until September 2018. The EBITDA was EUR 46 million, which represented a 12 month growth of 64%, and implying an EBITDA margin of 30%.
Enterprise Value of Schibsted Spain
Schibsted acquired the 10% of SCM Spain that it still didn’t own, for EUR 100 million. This implies an Enterprise Value of the company of around 1 billion.
Ratios
Enterprise Value (1 billion) / Revenue (155 million) = x6,45
Enterprise Value / EBITDA (46 million) = x21,74
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