VEND MARKETPLACES ASA
Sector unknown·VEND · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“For instance, the carveout of Schibsted Media in 2024 required a comprehensive review of the cost base, leading to a cost reduction programme as part of reorganisation efforts.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Schibsted Marketplaces has two material risks that arise from our dependency on our own workforce. These are: Company reorganisation may lead to lower productivity, increased employee turnover and financial loss Poor work-life balance and unclear expectations on employees may lead to employee ill-health, resulting in sick leave, increased employee turnover and financial loss Schibsted Marketplaces has also identified one material opportunity connected to our own workforce, namely: A clear purpose, culture and performance on sustainability will increase the likelihood of attracting and retaining talent.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“ Risk: Poor work-life balance and unclear expectations on employees may lead to employee ill-health, resulting in sick leave, increased employee turnover and financial loss. The risk is not related to a temporary event, such as the reorganisation, which is why several actions are planned and under way.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“In 2023, we identified some deviations from our contractual agreements with subcontractors in the Delivery segment. Existing routines and internal controls were not fully followed and as a result, contractors were subject to indecent working conditions.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Commitment to upholding human rights and labour rights Schibsted Marketplaces is committed to upholding and adhering to high standards of human rights and labour rights at all levels across our organisation. Our commitment is outlined in our Code of Conduct, which is the overarching policy that reflects our current businesses, risks and stakeholder expectations.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“We are committed to providing all employees with fair wages and regulated working hours and to enforcing a zero-tolerance policy for child labour within our operations.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“In general, we strive to pay all our suppliers promptly while ensuring a practically feasible and robust invoice approval process.”
Annual report 2024A · The company itself
Cybersecurity (products and services)
Technology
DriverNegative impact: weakens
“In 2024, we became subject to the NIS 2 Directive, a European regulation aimed at strengthening cybersecurity for essential services, highlighting our critical role in the digital ecosystem. The threat landscape continues to evolve, with increasingly sophisticated attacks, including those leveraging AI.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Privacy breaches might lead to breach of GDPR and result in financial penalties and harm our reputation Marketplaces' sites S4 Actions - Real Estate Our business segment Real Estate focused on actions that improve transparency and fair practices in the real estate market.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Commitment to upholding human rights and labour rights Regarding consumers and end-users, Schibsted Marketplaces is committed to their human right to privacy, especially as it relates to handling personal data. In our Code of Conduct, we commit to protect people's privacy, meaning the personal data we process about our customers and users.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Privacy and integrity are managed by our Chief Information Officer, who is supported by a team of privacy experts as well as Data Protection Officer (DPO). Employees receive privacy training to ensure necessary awareness and competence in this area.”
Annual report 2024A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
IT operations and cloud
Raw materials and inputs
DriverPositive impact: strengthens
“Technology remains central to Schibsted Marketplaces' business and operations.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“Since our marketplace is mainly a digital business, a main risk in our supply chain is related to the use and stability of data centres. This is a key priority in our cybersecurity programme and is handled in close collaboration with supply chain partners.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Significant progress has already been made, with Tori in Finland successfully migrating to our new common platform and launching 'ToriDiili,' a local adaptation of FINN’s transactional solution 'Fiks ferdig,' with strong results. In early Q1 2025, we reached the next major milestone on this journey, with the successful migration of DBA in Denmark.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Our planned actions in relation to material risks and opportunities are focused on the transition to one common tech platform for our marketplace services, which will enable us to more effectively address material risks and opportunities across the Nordics.”
Annual report 2024A · The company itself
Artificial intelligence
Technology
StrategyPositive impact: strengthens
“Schibsted Marketplaces expanded the use of machine learning (ML) and artificial intelligence (AI), integrating these technologies into various areas, such as smarter recommendations, natural language searches and automated content creation. Leveraging first-party data, we trained niche models tailored to marketplace-specific use cases.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“These changes formed the backbone of our 'Accelerate Future Winners' strategy, unveiled at our Capital Markets Day in November. Anchored by three clear strategic priorities, this strategy sets a clear path for the future.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Internal research advanced our proprietary language models, with a focus on natural language searches, generative AI for recommendations, and optimisation for Schibsted Marketplaces’ business context. We continued contributing to applied research, particularly in Norwegian language models, ensuring that Schibsted Marketplaces remains a leader in innovation for our customers, employees and markets.”
Annual report 2024A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Automotive
End markets
Market
“As the market leader in used car marketplaces across Norway, Sweden and Denmark, our trusted brands FINN, Blocket, Bytbil, Bilinfo and Bilbasen connect buyers and sellers with more than 400,000 active listings and 78 million visits every month.”
Annual report 2024A · The company itself
Market
“In the growing C2B segment, we are front-runners in Norway and Finland with Nettbil and AutoVex, providing seamless solutions for consumers to sell their cars to dealers.”
Annual report 2024A · The company itself
Market
“We also indirectly sell and promote services to consumers and end-users through our professional marketplace partners such as car dealers, real estate agents and third-party advertisers.”
Annual report 2024A · The company itself
Consumer spending
Macro
Market
“As the market leader in used car marketplaces across Norway, Sweden and Denmark, our trusted brands FINN, Blocket, Bytbil, Bilinfo and Bilbasen connect buyers and sellers with more than 400,000 active listings and 78 million visits every month.”
Annual report 2024A · The company itself
Market
“Harassment related to interaction between users on our services might lead to emotional distress, loss of trust in the platform and decreased user engagement Personal safety of consumers and/or end - users S4-1 – Policies related to consumers and end-users To manage our material impacts, risks and opportunities related to consumers and end-users, Schibsted Marketplaces has the following policies in place: Schibsted Marketplaces’ Security Policy, Privacy and Cookie Policy and Schibsted Marketplaces’ Code of Conduct.”
Annual report 2024A · The company itself
Market
“Currently, engagement occurs mainly with consumers and endusers directly, via our user experience (UX) team and sales teams. These teams talk with our users and customers on a daily basis and can in that process identify opportunities to mitigate negative impacts and enhance positive impacts.”
Annual report 2024A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
E-commerce
Technology
DriverPositive impact: strengthens
“Operating revenues from Delivery increased by 21 per cent in 2024, driven by higher parcel volumes in Helthjem Netthandel and the acquisition of Amedia’s distribution business.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Helthjem continues its strong growth and had its best year since the launch of its parcel delivery service in 2015.”
Annual report 2024A · The company itself
Market
“Our direct sales towards consumers and end-users are exclusively limited to sales through online channels, especially websites and apps.”
Annual report 2024A · The company itself
ESG and sustainability reporting
Regulation
DriverNegative impact: weakens
“As a platform that communicates other organisations’ marketing messages, we have a responsibility to ensure that consumers receive content that complies with our internal guidelines, regulations and voluntary industry guidelines. Responsible advertising is also crucial for maintaining user trust in our products.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Schibsted Marketplaces’ strategic focus on data aims to create insights that benefit our users through building better and more relevant products and services. Our users are informed of how we do this and of how they can control how we use their data. We make extensive efforts to ensure that we process data in compliance with applicable privacy regulations (such as GDPR) and our users’ expectations.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“In 2024, we had a total of 17 performance measurements connected to S4 and the area consumers and end-users.”
Annual report 2024A · The company itself
Labour regulation
Regulation
DriverPositive impact: strengthens
“An algorithm was implemented on FINN that detects and stops noninclusive ads and a campaign was launched in Norway to raise awareness on how to stop people in hiring positions from recruiting people similar to themselves, thereby making the processes more inclusive.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“During 2024, we took action on matters related to business conduct, especially with regards to strengthened compliance and processes related to our own operation and our business partners. See the table below for the key actions performed during 2024.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“To address the sustainability risks in our supply chain (e.g., human or labour rights risk, privacy/GDPR risks), we have internal guidelines for our procurement process that apply to our central procurement operations. These guidelines assist us in analysing, monitoring, assessing and developing our Supplier’s processes.”
Annual report 2024A · The company itself
Real estate
End markets
Market
“Our leading online marketplaces across Norway, Sweden, Finland and Denmark connect millions of buyers and sellers every month and facilitate transactions from job offers to real estate, cars, travel, consumer goods and more.”
Annual report 2024A · The company itself
Market
“Through our marketplaces, Real Estate is helping users and customers make smart choices when buying, selling or renting a home.”
Annual report 2024A · The company itself
Market
“We also indirectly sell and promote services to consumers and end-users through our professional marketplace partners such as car dealers, real estate agents and third-party advertisers.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens
Shipping and logistics
End markets
Market
“Schibsted Delivery manages both media distribution and ecommerce parcel deliveries in Norway.”
Annual report 2024A · The company itself
Market
“The company is the leading provider of door-to-door deliveries for second-hand goods sold through marketplaces such as FINN and Tise, further solidifying its profitable position in the market.”
Annual report 2024A · The company itself
Market
“Engagement with value chain workers and measures to provide remedy In 2024, our engagement with value chain workers focused on workers within the value chain of Delivery and Morgenlevering.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens
Circular economy and recycling
Regulation
DriverPositive impact: strengthens
“Specifically, since it enhances market transparency and reduces the risk of online fraud. This development has also strengthened Tori as a digital platform where users can give away goods at no cost to others, creating positive outcomes for both the giver and the receiver.”
Annual report 2024A · The company itself
Market
“We create unique recommerce experiences for our users and professional customers that make second-hand trade easy, safe and rewarding.”
Annual report 2024A · The company itself
Chains in: EU climate and energy policy strengthens
Digitalisation
Technology
DriverPositive impact: strengthens
“Technology remains central to Schibsted Marketplaces' business and operations.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Significant progress has already been made, with Tori in Finland successfully migrating to our new common platform and launching 'ToriDiili,' a local adaptation of FINN’s transactional solution 'Fiks ferdig,' with strong results. In early Q1 2025, we reached the next major milestone on this journey, with the successful migration of DBA in Denmark.”
Annual report 2024A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Electric vehicles and EV batteries
End markets
StrategyPositive impact: strengthens
“Continue to support the expansion of C2B concepts (Nettbil, Autovex, Wheelaway) More efficient mobility market Value chain: Downstream (C2B used car trade) Geography: Sweden 2025 Several 'thought leadership' publications published in external channels (e.g., LinkedIn) Continue to showcase our active voice in the trade of sustainable vehicles, through customer webinars, LinkedIn posts etc.”
Annual report 2024A · The company itself
Market
“E5 – Table 4: Actions related to resource use and circular economy - Mobility Mobility Key actions 2024 Related IROs Future actions Expected outcome Scope Time horizon Improved conversion funnel to Wheelaway for relevant vehicles, further facilitating trade in second-hand used cars Positive impact: sustainability perspective we can encourage consumers to adopt more low-emission and less polluting transportation options and make better use of existing vehicles.”
Annual report 2024A · The company itself
Retail
End markets
Market
“As the market leader in used car marketplaces across Norway, Sweden and Denmark, our trusted brands FINN, Blocket, Bytbil, Bilinfo and Bilbasen connect buyers and sellers with more than 400,000 active listings and 78 million visits every month.”
Annual report 2024A · The company itself
Market
“We also indirectly sell and promote services to consumers and end-users through our professional marketplace partners such as car dealers, real estate agents and third-party advertisers.”
Annual report 2024A · The company itself
Chains in: Consumer spending strengthens
Agriculture and food production
End markets
Market
“Our leading online marketplaces across Norway, Sweden, Finland and Denmark connect millions of buyers and sellers every month and facilitate transactions from job offers to real estate, cars, travel, consumer goods and more.”
Annual report 2024A · The company itself
Chains in: Grain and agricultural commodities mixed effect, Climate change and extreme weather weakens, Grocery retail and private label weakens
Digital payments and fintech
Technology
Market
“At the same time, we introduced 'Fiks færdig', our integrated shipping and payment solution.”
Annual report 2024A · The company itself
Hybrid work and office use
Macro
StrategyPositive impact: strengthens
“Schibsted Marketplaces’ Global Travel Policy emphasises safe, sustainable and smart travel practices while supporting our shift towards a hybrid work model. By encouraging reduced physical travel and leveraging digital tools, the policy aims to enhance work-life balance.”
Annual report 2024A · The company itself
Chains out: this weakens Office and commercial property
Other currencies
Macro
StrategyPositive impact: strengthens
“The Group makes use of financial derivatives to mitigate its currency exposure.”
Annual report 2024A · The company itself
Premium consumers
End markets
Market
“As the market leader in used car marketplaces across Norway, Sweden and Denmark, our trusted brands FINN, Blocket, Bytbil, Bilinfo and Bilbasen connect buyers and sellers with more than 400,000 active listings and 78 million visits every month.”
Annual report 2024A · The company itself
Chains in: Consumer spending strengthens
SMEs
End markets
Market
“With our leading position in Norway, we are on a mission to make sure no talent is lost and that we offer the best Jobs marketplace for candidates and customers alike. By supporting more than 20,000 customers each year making 620,000 recruitments, we empower recruiters to be thought leaders in the jobs market.”
Annual report 2024A · The company itself
USD vs DKK/EUR
Macro
StrategyPositive impact: strengthens
“The Group makes use of financial derivatives to mitigate its currency exposure.”
Annual report 2024A · The company itself
Chains out: this mixed effect United States
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“Mobility delivered a 7 percent increase in revenues in 2024, driven by growth in classifieds revenues, particularly within the professional segment, supported by solid ARPA development.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The Jobs vertical faced continued market headwinds throughout 2024, significantly impacting volumes, with challenges most evident in Sweden and Finland.”
Annual report 2024A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Subcontractors and haulage capacity
Raw materials and inputs
InputNegative impact: weakens
“Specifically, this encompasses the reliance and dependency on subcontractors for delivery services and investments which operate in high-risk sectors. Issues include potential poor working conditions for subcontractors and human rights risks in certain investments (e.g., medical equipment and consumables, and food and drink).”
Annual report 2024A · The company itself
InputNegative impact: weakens
“A key measure has been the transition to a new operational model to employ drivers directly instead of using subcontractors.”
Annual report 2024A · The company itself
Data centres
Technology
InputNegative impact: weakens
“Since our marketplace is mainly a digital business, a main risk in our supply chain is related to the use and stability of data centres. This is a key priority in our cybersecurity programme and is handled in close collaboration with supply chain partners.”
Annual report 2024A · The company itself
Chains in: Artificial intelligence strengthens
Chains out: this strengthens Electricity, strengthens Copper
Employment
Macro
DriverNegative impact: weakens
“The Jobs vertical faced continued market headwinds throughout 2024, significantly impacting volumes, with challenges most evident in Sweden and Finland.”
Annual report 2024A · The company itself
Housing market
Macro
DriverPositive impact: strengthens
“The Real Estate vertical delivered strong growth of 14 per cent in 2024, driven by classifieds revenue growth in Norway and the expansion of transactional rental businesses Qasa and HomeQ in Sweden.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“EBITDA increased by 12 per cent year-on-year, with the margin ending at 37 per cent.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens
Chains out: this strengthens Construction, strengthens Residential construction
Media and entertainment
End markets
DriverNegative impact: weakens
“However, this growth was partially offset by a decline in advertising revenues, impacted by the challenging macroeconomic climate and the negative effects of the separation from the news media operations.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Advertising revenues and the Jobs vertical are particularly affected by these variables.”
Annual report 2024A · The company itself
Currency exposure
Macro
DriverMixed impact: mixed
“Through its operations outside Norway, Schibsted Marketplaces is exposed to fluctuations in the exchange rates of other currencies, mainly the Swedish kronor, the Danish kroner and the euro.”
Annual report 2024A · The company itself
Cyber attacks and IT security risk
Macro
DriverNegative impact: weakens
“Harassment related to interaction between users on our services might lead to emotional distress, loss of trust in the platform and decreased user engagement Personal safety of consumers and/or end - users S4-1 – Policies related to consumers and end-users To manage our material impacts, risks and opportunities related to consumers and end-users, Schibsted Marketplaces has the following policies in place: Schibsted Marketplaces’ Security Policy, Privacy and Cookie Policy and Schibsted Marketplaces’ Code of Conduct.”
Annual report 2024A · The company itself
Chains out: this strengthens Cybersecurity (products and services)
EU climate and energy policy
Regulation
DriverMixed impact: mixed
“G1 – Table 5: Main topics covered by our lobbying activities Topic Region / country Main position (summary) Interaction with Schibsted Marketplaces’ IROs Competition EU Emphasising robust enforcement of the Digital Markets Act to promote fair competition in the digital environment.”
Annual report 2024A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Packaging
Raw materials and inputs
InputNegative impact: weakens
“To calculate data on waste generated in operations, we collected local data from our subsidiaries. The data set also covers waste generated in our Delivery services, including packaging material.”
Annual report 2024A · The company itself
Chains out: this weakens Beer and beverages
Residential rental
End markets
DriverPositive impact: strengthens
“S4- Table 4: Actions related to consumers and end-users – Real Estate Expected outcome Scope Time horizon Acquisition of HomeQ and integration with Qasa to enable a more complete rental offering Negative impact: - transparent and unfair practices persist in the rental market, we might reinforce unequal treatment of consumers in the sector Integration with Qasa's rental offering Improved transparency and ease-of-use of our rental marketplace offering Value chain: Downstream Geography: Sweden 2024 Submitted consultation response and presented insights on a draft bill for a new Tenancy Act to the Tenancy Act Committee in May 2024.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens
Nordics
Geography
Geography
“Our leading online marketplaces across Norway, Sweden, Finland and Denmark connect millions of buyers and sellers every month and facilitate transactions from job offers to real estate, cars, travel, consumer goods and more.”
Annual report 2024A · The company itself
Geography
“Growth in Norway was primarily fuelled by ARPA development, while volumes increased slightly by 3 per cent.”
Annual report 2024A · The company itself
Geography
“Our leading Recommerce marketplaces — FINN, Tori, DBA and Blocket — are trusted by millions across the Nordics, generating over 100 million visits each month and reaching nearly every household.”
Annual report 2024A · The company itself
Geography
“Two of these performance measurements focused on increasing the trade of used cars and one on strengthening our position as a thought leader on the topic of trading used cars.”
Annual report 2024A · The company itself
Geography
“The response outlines key proposals for improved tenants' rights Same as above Continue engagement with the Tenancy Act Committee Improved tenant's rights in Norway through new regulation Value chain: Downstream (consumers) Geography: Norway 2025 Two price insight tools launched on Finn.no in Norway and the 'Neighborhood profile' feature launched in Finland on Oikotie.fi Negative impact: transparency in the real estate buy/sell market can be amplified through our Real Estate marketplaces and result in consumers making uninformed financial decisions Improving the price transparency in the real estate buy/sell market Value Chain: Downstream (Consumers) Geography: Norway, Finland 2024 S4 Actions - Jobs In 2024, our business segment Jobs focused on actions that aimed to mitigate discrimination on our job marketplaces.”
Annual report 2024A · The company itself
Denmark
Geography
Geography
“Our leading online marketplaces across Norway, Sweden, Finland and Denmark connect millions of buyers and sellers every month and facilitate transactions from job offers to real estate, cars, travel, consumer goods and more.”
Annual report 2024A · The company itself
Geography
“Growth in Norway was primarily fuelled by ARPA development, while volumes increased slightly by 3 per cent.”
Annual report 2024A · The company itself
Geography
“Our leading Recommerce marketplaces — FINN, Tori, DBA and Blocket — are trusted by millions across the Nordics, generating over 100 million visits each month and reaching nearly every household.”
Annual report 2024A · The company itself
Geography
“The response outlines key proposals for improved tenants' rights Same as above Continue engagement with the Tenancy Act Committee Improved tenant's rights in Norway through new regulation Value chain: Downstream (consumers) Geography: Norway 2025 Two price insight tools launched on Finn.no in Norway and the 'Neighborhood profile' feature launched in Finland on Oikotie.fi Negative impact: transparency in the real estate buy/sell market can be amplified through our Real Estate marketplaces and result in consumers making uninformed financial decisions Improving the price transparency in the real estate buy/sell market Value Chain: Downstream (Consumers) Geography: Norway, Finland 2024 S4 Actions - Jobs In 2024, our business segment Jobs focused on actions that aimed to mitigate discrimination on our job marketplaces.”
Annual report 2024A · The company itself
Europe
Geography
Geography
“Our leading online marketplaces across Norway, Sweden, Finland and Denmark connect millions of buyers and sellers every month and facilitate transactions from job offers to real estate, cars, travel, consumer goods and more.”
Annual report 2024A · The company itself
Geography
“This growth was supported by the successful launch of transactional services in Finland, building on their earlier rollout in Norway and Sweden.”
Annual report 2024A · The company itself
Geography
“Our leading Recommerce marketplaces — FINN, Tori, DBA and Blocket — are trusted by millions across the Nordics, generating over 100 million visits each month and reaching nearly every household.”
Annual report 2024A · The company itself
Inflation
Macro
DriverPositive impact: strengthens
“The economic environment in 2024 was characterised by stabilising inflation, though consumer confidence remains subdued in Norway.”
Annual report 2024A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 8.33 bn NOK |
| Revenue growth vs. the year before, same method | 9.3 % |
| EBITDA reported by the company | -0.15 bn NOK |
| Net debt debt incl. leasing minus cash | Net cash 1.67 bn NOK |
| Diluted EPS per share | 55.99 NOK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.