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    ADE   NO0010844038

ADEVINTA ASA

(ADE)
  Report
Real-time Oslo Bors  -  05/25 10:25:10 am EDT
66.65 NOK   +6.64%
05/24ADEVINTA : reports solid Q1 financial performance
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05/24ADEVINTA : Q1 2022 Financials and Analytical Information (pdf)
PU
05/24TRANSCRIPT : Adevinta ASA, Q1 2022 Earnings Call, May 24, 2022
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Adevinta ASA (ADE) - Redemption of shares in Blommenholm industrier AS and share sale in Adevinta ASA

12/20/2021 | 12:51pm EDT
Oslo, 20 December 2021

Blommenholm Industrier AS, has today transferred 6 898 929 class A shares
(voting shares) in Adevinta ASA to Alba Forvaltning AS, Faros Forvaltning AS and
Odden Forvaltning AS. After these transfers, Blommenholm Industrier AS will own
17 093 587 class A shares in Adevinta ASA.

Following the transfers, Blommenholm Industrier AS will hold approximately 1.5%
of the class A shares and votes
outstanding in Adevinta ASA.

The transfers are part of an agreement between the Tinius Trust and the three
investment companies in conjunction with the redemption of non-voting B-shares
in Blommenholm Industrier AS held by Alba Forvaltning AS, Faros Forvaltning AS
and Odden Forvaltning AS.

This operation does not impact the voting structure of Blommenholm Industrier AS
where the Tinus Trust controls all the votes and it does not lead to any change
in the Tinius Trust's ownership strategy for Schibsted or Adevinta. It will
eventually lead to the Tinius Trust becoming the sole owner of all voting and
non-voting shares in Blommenholm Industrier AS.

The Tinius Trust and Blommenholm Industrier AS are represented on the Board of
Schibsted ASA by Ole Jacob Sunde and Karl-Christian Agerup, and Blommenholm
Industrier AS is a primary insider in Schibsted ASA.

For more information on the Tinius Trust, please visit www.tinius.com
(http://www.tinius.com).

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
ADEVINTA ASA 6.64% 66.65 Real-time Quote.-43.18%
SCHIBSTED ASA 4.13% 181.6 Real-time Quote.-46.60%
All news about ADEVINTA ASA
05/24ADEVINTA : reports solid Q1 financial performance
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05/24ADEVINTA : Q1 2022 Financials and Analytical Information (pdf)
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05/24TRANSCRIPT : Adevinta ASA, Q1 2022 Earnings Call, May 24, 2022
CI
05/24Adevinta first-quarter profit beats; ad cuts by auto sector hit revenues
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05/24Adevinta Affirms FY22 Guidance As Revenue Growth Improves
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05/23Adevinta ASA Reports Earnings Results for the First Quarter Ended March 31, 2022
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05/18Adevinta ASA (ADE) - Mandatory notification of trade - Employee Share Purchase Plan
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05/04Schibsted ASA (SCHA/SCHB) - Karl-Christian Agerup elected Schibsted Board Chair
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04/28ADEVINTA : publishes its 2021 Annual Report
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Analyst Recommendations on ADEVINTA ASA
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Financials
Sales 2022 1 651 M 1 763 M 1 763 M
Net income 2022 183 M 196 M 196 M
Net Debt 2022 2 049 M 2 188 M 2 188 M
P/E ratio 2022 36,6x
Yield 2022 0,12%
Capitalization 7 916 M 8 502 M 8 453 M
EV / Sales 2022 6,04x
EV / Sales 2023 5,11x
Nbr of Employees 8 100
Free-Float 13,3%
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 66,65 NOK
Average target price 107,83 NOK
Spread / Average Target 61,8%
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Managers and Directors
Rolv Erik Ryssdal Chief Executive Officer
Uvashni Raman Chief Financial Officer
Orla Noonan Chairman
Alex Alexander Chief Product & Technology Officer
Sophie Constance Javary Independent Director
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