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VEND — Vend Marketplaces ASA News Story

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Consumer CyclicalsAdventurousLarge CapFalling Star

Vend Marketplaces slips as weaker-than-expected Q2 EBITDA disappoints investors

BUZZ-Vend Marketplaces slips as weaker-than-expected Q2 EBITDA disappoints investors

** Shares in Vend Marketplaces VEND.OL fall about 3% after a 5% miss in its second-quarter EBITDA results

** Vend reported a Q2 EBITDA of NOK 674 million ($69.81 million)while Visible Alpha consensus expected NOK 711 million, J.P. Morgan said

** The broker said the market expected more savings to come through and the Norwegian media group usually reacts sharply to EBITDA misses

** The miss came despite an overall "solid set of results that shows further improvement in the business", the broker added

** Shares are on track for its worst day since May if losses hold



($1 = 9.6554 Norwegian crowns)


(Reporting by Gemma Guasch)

((Gemma.guasch@thomsonreuters.com))

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