Brief: Adevinta Confirms Long-Term Outlook

Adevinta ASA

29/02/2024 06:30

Feb 29 (Reuters) - Adevinta ASA  ADEA.OL :
    * AFTER REORGANISING THE COMPANY TO BE MORE EFFICIENT AND
EFFECTIVE, WE START 2024 WITH THE RIGHT FOUNDATIONS IN PLACE FOR
FURTHER GROWTH
    * 2024 OUTLOOK: OUR LONG-TERM AMBITION FOR EU5 MARKETS
REMAINS
STRONG WITH FY 2023-2026 ANNUAL REVENUE GROWTH BETWEEN 11% AND
15%
    * OUTLOOK:  EBITDA MARGIN BETWEEN 40% AND 45% FROM 2026
    * 2024 OUTLOOK: FOCUSING THE PORTFOLIO, BY INVESTING IN AND
GROWING OUR FIVE EU5 MARKETS OF GERMANY, FRANCE, SPAIN, BENELUX
AND ITALY
    * 2024 OUTLOOK: CONCENTRATING ON HIGH-QUALITY VERTICALS:
MOBILITY
AND REAL ESTATE, THAT PRESENT A SIGNIFICANT OPPORTUNITY TO
INCREASE MONETISATION
    * 2024 OUTLOOK: BECOMING FULLY TRANSACTIONAL IN CONSUMER
GOODS,
EXPANDING INTO A GROWING AND PROFITABLE ONLINE COMMERCE MARKE
    * SAYS OUR STRATEGIC PILLARS - MOBILITY, REAL ESTATE AND
TRANSACTIONAL BUSINESSES - ARE PERFORMING WELL DESPITE THIS
BROADER MACRO-ECONOMIC CONTEXT

Source text for Eikon:  ID:nGNE5gpFnP 
Further company coverage:  ADEA.OL 

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