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    ADE   NO0010844038

ADEVINTA ASA

(ADE)
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Real-time Oslo Bors  -  07:38 2022-06-28 am EDT
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Adevinta (ASA) publishes its 2021 Annual Report

04/28/2022 | 10:45am EDT

Oslo, 28 April 2022 - Adevinta ASA has released its 2021 Annual Report. It is available on www.adevinta.com/investors, and a printed copy may also be obtained free of charge upon written request to the following email address: ir@adevinta.com. 

Reflecting on 2021, Rolv Erik Ryssdal, CEO, said: “As we look back on 2021, in many ways Adevinta feels like a new company. During the year under review, we became bigger, better and more successful. We have become the European champion of the online classifieds industry, operating a tried-and-tested business model in markets we know well. The key change over the past year is the scale of our opportunities, brands and assets, and the opportunities this scale presents. We have strong financial capacity as a combined business with revenue of more than €1.5 billion delivering robust profitability of 34% and generating strong cash flows. Adevinta is moving forward with an array of strengths; we are the largest pure-play classifieds player in the western world, serving more than one billion people and with leading positions in 15 markets. Among our 8,100 employees, we have close to 3,000 working in product and technology teams that drive our platforms and innovation each day. 

“We closed 2021 with our markets and business well positioned. In France, leboncoin is a household name. In Germany, mobile.de is the biggest vehicle marketplace in Europe while eBay Kleinanzeigen is Germany’s top classifieds portal. In the Netherlands, Marktplaats is the country’s largest online marketplace. In Spain, we hold number one positions in motors and jobs and the number two slot in real estate. In Italy, we hold four strong and respected brands covering online classifieds, recruitment and motors. Outside Europe, we are considered to be  the online classifieds champion in Brazil. We know that driving further growth requires strong execution and focus on the biggest opportunities. We therefore conducted a strategic review following the completion of the eCG acquisition to determine our key priorities, and to assess how we should invest for the highest return.

“We know that driving further growth requires strong execution and focus on the biggest opportunities. We therefore conducted a strategic review following the completion of the eCG acquisition to determine our key priorities, and to assess how we should invest for the highest return.

“The result was our new strategic plan entitled ‘Growing at Scale’: 

  •  Focus on our five core geographic markets 
  • Concentrate on high-quality verticals 
  • Become fully transactional in consumer goods
  • Leverage technology and transform our advertising business

"By prioritising investment for growth in our five core markets, we can reduce complexity and execute much faster.”

-end- 

Notes to Editors

IR contact
Marie de Scorbiac
Head of Investor Relations
ir@adevinta.com

Anne-Sophie Jugean
Investor Relations Manager
+33 6 74 19 22 81
ir@adevinta.com

Media contacts
Mélodie Laroche
Corporate Communications
T: +33 (0) 6 84 30 52 76
melodie.laroche@adevinta.com
press@adevinta.com 

About Adevinta
Adevinta is a leading online classifieds specialist, operating digital marketplaces in 15 countries. The company provides technology-based services to connect buyers with sellers and to facilitate transactions, from real estate to motors, and consumer goods.

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 France, Germany's leading classifieds sites mobile.de and eBay Kleinanzeigen, Marktplaats in the Netherlands, fotocasa and InfoJobs in Spain, Subito in Italy, and 50% of fast-growing OLX Brasil. Adevinta employs around 8,100 people committed to supporting users and customers daily. Find out more at Adevinta.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachments

  • adevintaasa-2021-12-31-en
  • Adevinta AR2021

© OMX, source GlobeNewswire - EU Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
ADEVINTA ASA -2.76% 73.95 Real-time Quote.-34.74%
SCHIBSTED ASA 0.74% 176 Real-time Quote.-49.40%
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Financials
Sales 2022 1 644 M 1 745 M 1 745 M
Net income 2022 175 M 185 M 185 M
Net Debt 2022 2 081 M 2 208 M 2 208 M
P/E ratio 2022 49,7x
Yield 2022 0,16%
Capitalization 8 932 M 9 477 M 9 477 M
EV / Sales 2022 6,70x
EV / Sales 2023 5,69x
Nbr of Employees 8 100
Free-Float 13,0%
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Number of Analysts 22
Last Close Price 76,05 NOK
Average target price 99,92 NOK
Spread / Average Target 31,4%
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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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