Brief: Adevinta FY 2022 Target Confirmed

Adevinta ASA

24/11/2022 06:06

Nov 24 (Reuters) - Adevinta ASA  ADEA.OL :
    * ONLINE CLASSIFIEDS REVENUES IMPROVED BY 13% YEAR-ON-YEAR,
SUPPORTED BY DOUBLE-DIGIT REVENUE GROWTH IN JOBS AND MOTORS
BENEFITING FROM SUCCESSFUL PRICE INCREASES, HIGHER DEALER
PENETRATION AND HIGH ADDED-VALUE PRODUCT DEVELOPMENT FOR CAR
DEALERS. REAL ESTATE SAW HIGH SINGLE-DIGIT GROWTH IN PERIOD
    * FY 2022 TARGET CONFIRMED
    * 2023 OUTLOOK: DOUBLE-DIGIT CORE MARKETS REVENUE GROWTH
DESPITE
SOFT MACRO ENVIRONMENT
    * 2023 OUTLOOK: YEAR-ON-YEAR IMPROVEMENT IN EBITDA MARGIN
    * 2023 OUTLOOK: GROUP LEVERAGE DOWN TO 2-3X NET DEBT/EBITDA
BY
YEAR-END
    * Q3 ONLINE CLASSIFIELDS REVENUES EUR 311 MILLION

Source text for Eikon:  ID:nGNE2bR8wK 
Further company coverage:  ADEA.OL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))