The event is being held in
Chief Executive Officer,
The Growing at Scale strategy is underpinned by the following key priorities:
- Focusing the portfolio, by investing in and growing our five Core markets of
Germany ,France ,Spain , Benelux andItaly - Concentrating on high-quality verticals: Motors and Real Estate, that present a significant opportunity to increase monetization
- Becoming fully transactional in consumer goods, expanding into a growing and profitable online commerce market; and
- Leveraging technology and transforming advertising to preserve revenue and adapt to the evolving market.
“Our new strategy builds on our unparalleled scale, leadership positions and technology to accelerate sustainable growth. We have created a clear set of priorities that will allow
“We will prioritise investment for growth in our five Core markets of
“In line with our vision for sustainable growth, we have a clear purpose to make a positive change in the world by engaging in actions that will help shape a healthy planet and society, whilst delivering value for our stakeholders.”
Focusing the portfolio, by investing in and growing our five Core markets of
As outlined in our recent Q3 update,
The Company will continue to be supportive of our JVs in
Concentrating on high-quality verticals, such as Motors and Real Estate, that present a significant opportunity to increase monetization.
In Real Estate, the focus will be on growing revenues and improving monetization across core markets. The Company will focus on further verticalization and expansion along the value chain, as well as exploring adjacent markets that can provide value-added services.
Becoming fully transactional in consumer goods, expanding into a growing online commerce market.
This will require short-term investment in product, technology and will be supported by the launch of new value propositions aimed at reducing friction and accelerating service adoption to create a more convenient, safe and engaging user experience.
Leveraging technology and transforming advertising to preserve revenue and adapt to the evolving market.
We are adapting to an increasingly dynamic advertising market by evolving our advertising model. We will invest in 1st party products for small and medium businesses (SMBs) and large advertisers and proprietary capabilities to reduce reliance on 3rd party advertising.
The Company will develop a new comprehensive offering for SMBs, with a new ecommerce platform providing simple functionality for businesses and customers.
Financial ambition
Underpinning Adevinta’s new strategic priorities are a set of financial targets for the medium to long term:
- Expected average annual revenue growth in Core Markets of approximately 15%, driven by growth in Motors and Real Estate verticals and strong ramp up of transactional services in consumer goods, while we expect to preserve advertising revenues.
- Targeted EBITDA margins of c.40-45%, driven by further operating leverage in each revenue stream.
- Medium-term Net Debt / EBITDA target of 2x - 3x
- Expected €130m run rate EBITDA impact from synergies by year 2024, in line with original target
Primary use of cash will be investing for growth and deleveraging the balance sheet, with cash in excess to capture value accretive inorganic growth opportunities or return cash to shareholders.
Sustainability
- Lead the transition towards circular and responsible consumption
- Be a purpose-driven and inclusive marketplace for everyone – our communities and our employees
- Embed ESG governance, data and fraud protection throughout the organization
In 2022,
Join Adevinta Capital Markets Day 2021 live
Date: Tuesday,
Time:
Click here to register: here.
For the Q&A, participants will have the possibility to send written questions during the event, directly through the webcast platform. It will not be possible to ask questions by phone.
Adevintra Capital Markets Day’s presentation will be available at
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Media contacts
Corporate Communications
T: +33 (0) 6 84 30 52 76
melodie.laroche@adevinta.com
T: +44 (0)7785 275665 / +44 (0)7950 671 948 / +44 (0)7787 284 441
adevinta@edelman.com
IR contact
Head of Investor Relations
ir@adevinta.com
Anne-Sophie Jugean
Investor Relations Manager
+33 6 74 19 22 81
ir@adevinta.com
About
Adevinta’s portfolio spans more than 40 digital brands, covering one billion people and attracting approximately three billion average monthly visits. Leading brands include top-ranked leboncoin in
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This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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