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Adevinta ASA Achieves Solid Growth in Early 2024
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Adevinta ASA Achieves Solid Growth in Early 2024

Adevinta ASA (ADEVF) has released an update.

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Adevinta ASA reports a robust start to 2024 with an 11% increase in total revenues and a 14% rise in EBITDA year-on-year, boasting strong growth in its EU5 markets despite a challenging economic climate. Key growth drivers include a 16% surge in online classifieds and a notable 31% uptick in transactional revenues, while advertising revenues saw a 6% decline. The company’s strategic focus on Mobility, Real Estate, and transactional businesses continues to fuel its growth, underpinned by solid financial performance and a commitment to sustainable commerce.

For further insights into ADEVF stock, check out TipRanks’ Stock Analysis page.

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