Brief: Adevinta Q1 Total Consolidated EBITDA EUR 145 Mln

Adevinta ASA

23/05/2023 15:49

May 23 (Reuters) - Adevinta ASA  ADEA.OL :
    * ADEVINTA REPORTS STRONG Q1 FINANCIAL PERFORMANCE IN SOFT
MACRO-ECONOMIC ENVIRONMENT; SIGNIFICANT PROGRESS IN EXECUTING
THE GROWING AT SCALE STRATEGY
    * FURTHER ACCELERATION IN CORE MARKETS REVENUE GROWTH : +15%
YEAR-ON-YEAR, DRIVEN BY OUTSTANDING PERFORMANCE AT MOBILE.DE
    * Q1  TOTAL CONSOLIDATED EBITDA OF EUR 145M AND REPORTED
MARGIN OF
33.4% * 2023 FINANCIAL TARGETS CONFIRMED
    * Q1 TOTAL CONSOLIDATED REVENUES AT EUR 435M, UP +14%(1) YOY
    * OUTLOOK: ALL TARGETS CONFIRMED
    * REVENUE GROWTH OF 15% FOR CORE MARKETS IN Q1 COMPARED TO
SAME
PERIOD LAST YEAR
    * ONLINE CLASSIFIEDS REVENUES IMPROVED BY 18%, SUPPORTED BY
STRONG
DOUBLE-DIGIT REVENUE GROWTH IN MOBILITY
    * REAL ESTATE POSTED DOUBLE-DIGIT GROWTH OVER QUARTER,
DRIVEN BY
FRANCE.
    * ADVERTISING REVENUES IN CORE MARKETS WERE DOWN 3%
YEAR-ON-YEAR,
AS A RESULT OF AN OVERALL WEAKER ADVERTISING MARKET
    * ADJUSTED NCF FROM OPERATING ACTIVITIES: EUR 84M(3), UP EUR
39
YOY
    * DEBT REPAYMENT: EUR 80M IN QUARTER, PRIORITISING FLOATING
DEBT
CONTINUED EXECUTION OF OUR GROWING AT SCALE STRATEGY

Source text for Eikon:  ID:nGNEbWH51s 
Further company coverage:  ADEA.OL 

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