Adevinta ASA (ADEVF) has released an update.
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.
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