Duyuru • Jan 02
Adevinta AS announced that it has received funding from General Atlantic Service Company, L.P. Adevinta AS announced that it has received funds in a round of funding in 2024. The transaction included participation from new investor General Atlantic Service Company, L.P. Duyuru • Jun 06
Oslo Børs to Delist A-Shares of Adevinta Effective June 05 Oslo Børs has decided to delist the A-shares of Adevinta AS from trading on Oslo Børs. Pursuant to Rule Book II section 2.11.2 (3), Oslo Børs has on 4 June2024 made the following resolution: "The A-shares in Adevinta ASA will be delisted from the Oslo Stock Exchange as of the 5 June 2024. The last day of trading will be 4 June 2024. Duyuru • May 31
Adevinta ASA Approves the Election of Board of Directors Adevinta ASA approved the election of Felicity Guttormsen, chairperson and Trude Kvaløyseter to the board of directors, at the EGM held on May 30, 2024. Reported Earnings • May 29
First quarter 2024 earnings released First quarter 2024 results: Revenue: €480.0m (up 10% from 1Q 2023). Net loss: €7.00m (down 137% from profit in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Interactive Media and Services industry in the United Kingdom. Reported Earnings • Apr 28
Full year 2023 earnings released: €0.11 loss per share (vs €1.46 loss in FY 2022) Full year 2023 results: €0.11 loss per share (improved from €1.46 loss in FY 2022). Revenue: €1.83b (up 11% from FY 2022). Net loss: €139.0m (loss narrowed 92% from FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in the United Kingdom. Duyuru • Mar 06
Adevinta ASA to Report Q1, 2024 Results on May 30, 2024 Adevinta ASA announced that they will report Q1, 2024 results on May 30, 2024 Reported Earnings • Mar 01
Full year 2023 earnings released: €0.12 loss per share (vs €1.45 loss in FY 2022) Full year 2023 results: €0.12 loss per share (improved from €1.45 loss in FY 2022). Revenue: €1.83b (up 11% from FY 2022). Net loss: €139.0m (loss narrowed 92% from FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in the United Kingdom. Recent Insider Transactions • Jan 13
Chief Executive Officer recently sold kr2.9m worth of stock On the 4th of January, Antoine Jouteau sold around 26k shares on-market at roughly kr112 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Antoine's only on-market trade for the last 12 months. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2024 The 15 analysts covering Adevinta previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €303.1m in 2024. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Reported Earnings • Nov 23
Third quarter 2023 earnings released: EPS: €0.03 (vs €0.039 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.03 (up from €0.039 loss in 3Q 2022). Revenue: €454.0m (up 11% from 3Q 2022). Net income: €38.0m (up €90.0m from 3Q 2022). Profit margin: 8.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Interactive Media and Services industry in the United Kingdom. Duyuru • Nov 22
Adevinta ASA Provides Earnings Guidance for the Year 2023 Adevinta ASA provided earnings guidance for the year 2023. For the year, the company expects double digit core markets revenue growth. Duyuru • Sep 22
Adevinta Confirms Acquisition Proposal from Blackstone-Permira Consortium Adevinta ASA (OB:ADE), backed by eBay Inc. (NasdaqGS:EBAY), said on September 21, 2023 it has received a proposal from a consortium led by Permira Advisers Ltd. and Blackstone Inc. (NYSE:BX) regarding a potential offer to acquire the company. The discussions are at an early stage and there can be no certainty as to whether a final offer will be made, Oslo-based Adevinta said. Bloomberg News earlier reported that Blackstone and Permira are exploring a potential acquisition of Adevinta. Duyuru • Sep 15
Ingatlan.com acquired Hungarian online classifieds businesses from Adevinta ASA (OB:ADE). Ingatlan.com acquired Hungarian online classifieds businesses from Adevinta ASA (OB:ADE) on September 14, 2023.
Ingatlan.com completed the acquisition of Hungarian online classifieds businesses from Adevinta ASA (OB:ADE) on September 14, 2023. Duyuru • Sep 01
Adevinta ASA Provides Earnings Guidance for the Year 2023 Adevinta ASA provided earnings guidance for the year 2023. For the year, the company expects double digit core markets revenue growth. Reported Earnings • Sep 01
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €465.0m (up 12% from 2Q 2022). Net income: €45.0m (up 350% from 2Q 2022). Profit margin: 9.7% (up from 2.4% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in the United Kingdom. Buying Opportunity • Jul 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be kr85.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Jun 27
Adevinta ASA Announces Chief Financial Officer Changes Adevinta ASA announced the appointment of Elisabeth Peyraube as Chief Financial Officer (CFO), effective September 2023. Elisabeth is currently CFO and deputy CEO at video media company Brut. Prior to that, Elisabeth was the CFO and Chief Operating Officer, EMEA & APAC, at Match Group. She will succeed Uvashni Raman, who in February 2023 announced her intention to step down. Uvashni Raman will work closely with Peyraube to ensure a smooth transition. Duyuru • Jun 02
Adevinta ASA Announces Board and Committee Changes Adevinta ASA (ADE) announced that Julie Simpson, eBay’s Vice President, Head of Internal Audit and Chief Audit Executive has been appointed by eBay to join Adevinta’s Board of Directors, effective immediately. She will replace eBay Chief Legal Officer Marie Oh Huber as a Board member. At eBay, Julie Simpson oversees three critical risk management and control functions: Internal Audit, Sarbanes-Oxley and Enterprise Risk Management, as well several of eBay’s finance leadership development programmes. Ms. Simpson also serves on the Board of the eBay Foundation. Ms. Huber will continue to serve in her capacity as SVP, Chief Legal Officer, General Counsel and Secretary of eBay Inc. Julie Simpson will also join the Audit and Risk Committee, replacing Mark Solomons, while Mr. Solomons will replace Marie Oh Huber on the Remuneration committee. Prior to joining eBay, Julie Simpson has spent approximately twenty years in a variety of risk, controls, accounting and finance management roles at Yahoo!, PayPal, Visto, and 3Com. She started her career at Arthur Andersen, a public accounting firm, working in the Los Angeles and San Jose, California offices. She has a Bachelor of Arts in Economics with an emphasis in Accounting from the University of California, Santa Barbara and is a licensed Certified Public Accountant. Reported Earnings • May 24
First quarter 2023 earnings released First quarter 2023 results: Revenue: €435.0m (up 12% from 1Q 2022). Net income: €19.0m (down 74% from 1Q 2022). Profit margin: 4.4% (down from 19% in 1Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Interactive Media and Services industry in the United Kingdom. Breakeven Date Change • Mar 01
Forecast breakeven date pushed back to 2023 The 18 analysts covering Adevinta previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of €200.4m in 2023. Earnings growth of 103% is required to achieve expected profit on schedule. Recent Insider Transactions • Jan 12
Director recently bought kr2.1m worth of stock On the 10th of January, Michael Nilles bought around 30k shares on-market at roughly kr71.21 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.7m more in shares than they have sold in the last 12 months. Board Change • Dec 15
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Chairman of the Board Orla Noonan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Duyuru • Nov 25
Adevinta ASA to Report Q2, 2023 Results on Aug 31, 2023 Adevinta ASA announced that they will report Q2, 2023 results on Aug 31, 2023 
