Reference is made to the announcements by Adevinta ASA (“Adevinta” or the “Company”) on 21 July 2020 regarding the agreement to acquire eBay Classifieds Group, the global classified group of eBay Inc (“eBay”). Certain aspects of the transaction is subject to shareholder approval in Adevinta, and an Extraordinary General Meeting
Deal creates the world’s largest online classifieds group with an extensive footprint and leading marketplace brands Creation of a globally scaled, pure-play online classifieds leader with a diversified and complementary portfolio of assets and brands Combined entity to benefit from solid market positions across 20 countries, covering one billion people
Stronger-than-expected recovery, especially in France Operational KPIs improving in all segments throughout Q2 Total revenues1 down 16% but performance improving month by month Strong EBITDA1 performance Strong financial position securing ability to invest organically and externally Leverage ratio at 0.6x at end of June Continued investment in product & technology
Oslo, 22 June 2020 – Adevinta ASA (ADE) has signed an agreement for the sale of Corotos, its online marketplace in the Dominican Republic, to three local entrepreneurs: Alvaro De Camps, Managing Partner at Antares Equity Partners; Javier Lara, co-founder at Bonita Real Estate Group; and Sergio Dario Reyes, partner and
Millions of people across the globe use online marketplaces to buy and sell second-hand goods every day, contributing to the circular economy and benefiting the environment. In 2019, 25.3 million tonnes of CO2e and 1.3 million tonnes of plastic were potentially saved by people who traded used items through 12*
Six in ten startups are well positioned to navigate the crisis Healthtech, online learning, recruitment, food delivery and the so-called passion economy startups are seeing significant growth Online marketplaces have a value of US$ 814bn globally; but since late February valuations have been volatile Travel, mobility and proptech companies have
Adevinta Ventures invests in MEDWING’s €28 million Series B funding round Oslo, 26 May 2020 – Adevinta, through its Adevinta Ventures team, is investing for a second time in MEDWING, one of Europe’s leading healthtech companies, in a €28 million Series B funding round, led by Cathay Innovation, with participation
Adevinta unveiled the winners of this year’s Adevinta Awards for Sales, Culture and Innovation at a live steamed company meeting this week. The senior management team announced and congratulated the winners of 15 Adevinta Awards recognising employees for outstanding sales performance, successful innovation, and contributions to our shared company culture.
Total revenues1 up 8% to €188 million Online classifieds revenue grew 13% Display advertising revenues decreased 5% EBITDA1 margin down 5.9pts yoy Traffic impacted in the first weeks of lockdown but already shows good recovery Strong liquidity position to continue to invest for the LT
Oslo, 29 April 2020: Adevinta is a global online classifieds specialist, operating digital marketplaces in 16 countries. The company provides technology-based services to connect buyers with sellers and facilitate transactions, from job offers to real estate, cars, consumer goods and more. In response to the coronavirus crisis, our marketplace brands
Oslo, 9 April 2020: Adevinta is a global online classifieds specialist, operating digital marketplaces in 16 countries. The company provides technology-based services to connect buyers with sellers and facilitate transactions, from job offers to real estate, cars, consumer goods and more. As a result of the coronavirus crisis, Adevinta’s employees
Oslo, 3 April 2020 Adevinta ASA’s annual report for 2019 is published, and follows enclosed here. The Adevinta Annual Report 2019 is available on www.adevinta.com/ir and a printed copy can also be obtained free of charge upon written request to the following email address: email@example.com.