Press Release
- Global total revenues rise 16% to €200 million
- Revenue from verticals grew 20%
-
- Softness continues in Global Markets
- EBITDA1 increased 16% to €52 million
- Net cash flow from operating activities1 improved by 2.8x year-over-year
“We completed the year with another good quarter. Following a very strong Q3, we continued to deliver strong growth in our core verticals despite a more challenging macro environment in some countries. Advertising trends improved, albeit at lower growth levels, in some regions as a result of successful initiatives implemented locally.
“France and
“Our sustained investment in product development allowed us to roll out new features and services to our users and customers. Amongst them initial results for the transactional model are very encouraging and opens windows of opportunity for future growth.
“We are also further reinforcing our positions in core verticals with external growth. Integration of L’Argus in
“I remain very excited by the significant opportunities ahead of us, and I'm confident that we have the resources and teams to seize them and create value for our stakeholders.”
Q4 2019 Highlights
- Total revenues1 up 16% to €200 million
- Revenue from verticals grew 20%
France up 28% driven by Cars and R/ESpain up 14%
Brazil local currency revenues up 23%- Softness continues in Global Markets
- Solid growth in verticals
- Weak performance in display advertising
- Disappointing performance in
Italy : action plan in progress
- EBITDA1 increased 16% to €52 million
- Sustained investment in product development
and HQ structure
- Sustained investment in product development
- Net cash flow from operating activities1 improved
by 2.8x year-over-year
Revenues and EBITDA on proportionate basis incl JVs
Fourth quarter | YTD | ||||
yoy% | 2018 | 2019 | (€ million) | 2019 | 2018 |
16% | 172.6 | 200.2 | Operating revenues incl. JVs | 739.5 | 644.0 |
16% | 45.0 | 52.4 | EBITDA incl. JVs | 206.1 | 156.2 |
26% | 26% | EBITDA margin incl. JVs | 28% | 24% | |
Cash flow | |||||
>100% | 9.6 | 26.5 | Net cash flow from operating activities | 134.1 | 73.9 |
Analyst and conference press presentation
A recording of the presentation will be available on our website shortly after the live webcast has ended. The live webcast of the presentation will also be streamed here.
A conference call with Q&A linked to the Q4 2019 numbers will take place at
NOTE: To avoid waiting time when connecting to the call, please use the below link 5-10 minutes prior to start time, where you will be asked to type in your phone number and registration details. The Event Conferencing system will automatically call you back on the phone number you provide and place you into the event. Please note that the link will become active 15 minutes prior to the event: Investor call.
For manual dial-in, use one of the following number (note that this connection might take more time): +47 2350 0187 (
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
About
Media contacts
T: +33 (0) 6 84 30 52 76 - melodie.laroche@adevinta.com
T: +33 (0) 6 14 65 77 40 - marie.de-scorbiac@adevinta.com
Attachments
- Q4 2019 Financials and Analytical Info
- Q4 2019 Results Presentation
- Q4 2019 report
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