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)
Recent news on Vend Marketplaces ASA
See all newsBrief: Vend Comments On Entitlement In Prisjakt's Google Claim
Brief: Vend Marketplaces Comment On Prisjakt's Announced Claim For Damages Against Google
Brief: Vend Sees 2026 Cost Base To Decline By About NOK 150 Mln Vs 2025
Europe Research Roundup: AstraZeneca, GSK, Kingspan Group
Vend Marketplaces slips as weaker-than-expected Q2 EBITDA disappoints investors