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 10.0% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 28
Full year 2023 earnings: EPS misses analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. 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: EPS misses analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. 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 24
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 7.1% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Breakeven Date Change • Nov 22 The 16 analysts covering Adevinta previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €173.0m in 2023. Earnings growth of 1.9% is required to achieve expected profit on schedule.
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. Price Target Changed • Oct 23
Price target increased by 7.2% to kr107 Up from kr99.99, the current price target is an average from 14 analysts. New target price is 14% above last closing price of kr93.80. Stock is up 39% over the past year. The company is forecast to post earnings per share of €0.13 next year compared to a net loss per share of €1.45 last year. 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 9.8% growth forecast for the Interactive Media and Services industry in Europe. Recent Insider Transactions Derivative • Jul 07
Chief Executive Officer exercised options and sold kr435k worth of stock On the 4th of July, Antoine Jouteau exercised options to acquire 6k shares at no cost and sold these for an average price of kr69.12 per share. This trade did not impact their existing holding. For the year to December 2019, Antoine's total compensation was 35% salary and 65% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2022, Antoine's direct individual holding has decreased from 58.87k shares to . Company insiders have collectively sold kr1.2m more than they bought, via options and on-market transactions in the last 12 months. Buying Opportunity • Jul 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be kr84.95, 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: Revenues exceed analyst expectations 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 exceeded analyst estimates by 1.0%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Breakeven Date Change • May 16
Forecast to breakeven in 2023 The 18 analysts covering Adevinta expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €189.8m in 2023. Earnings growth of 108% is required to achieve expected profit on schedule. Reported Earnings • Mar 01
Full year 2022 earnings released: €1.38 loss per share (vs €0.063 loss in FY 2021) Full year 2022 results: €1.38 loss per share (further deteriorated from €0.063 loss in FY 2021). Revenue: €1.64b (up 44% from FY 2021). Net loss: €1.70b (loss widened €1.63b from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. 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. Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate fell from €0.088 to €0.078 per share. Revenue forecast steady at €1.65b. Net income forecast to grow 273% next year vs 17% growth forecast for Interactive Media and Services industry in Norway. Consensus price target broadly unchanged at kr94.59. Share price fell 8.7% to kr80.10 over the past week. 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. Recent Insider Transactions • Dec 14
Independent Director recently bought kr133k worth of stock On the 9th of December, Peter Brooks-Johnson bought around 2k shares on-market at roughly kr68.82 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 kr1.6m more in shares than they have sold in the last 12 months. Major Estimate Revision • Dec 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.10 to €0.08 per share. Revenue forecast steady at €1.64b. Net income forecast to grow 292% next year vs 22% growth forecast for Interactive Media and Services industry in Norway. Consensus price target broadly unchanged at kr92.05. Share price rose 4.5% to kr69.40 over the past week. Major Estimate Revision • Dec 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.13 to €0.10 per share. Revenue forecast steady at €1.64b. Net income forecast to grow 306% next year vs 26% growth forecast for Interactive Media and Services industry in Norway. Consensus price target up from kr89.87 to kr92.62. Share price fell 15% to kr70.40 over the past week. Reported Earnings • Nov 25
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: €0.04 loss per share. Revenue: €408.0m (up 5.7% from 3Q 2021). Net loss: €52.0m (flat on 3Q 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. 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 Board Change • Nov 16
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. Reported Earnings • Aug 30
Second quarter 2022 earnings released: €0.01 loss per share (vs €0.06 loss in 2Q 2021) Second quarter 2022 results: €0.01 loss per share (up from €0.06 loss in 2Q 2021). Revenue: €417.0m (up 116% from 2Q 2021). Net income: €10.0m (up €53.0m from 2Q 2021). Profit margin: 2.4% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 16% growth forecast for the Interactive Media and Services industry in Norway. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Jul 27
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. Board Change • Apr 27
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. Buying Opportunity • Apr 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be kr88.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 88%. Price Target Changed • Mar 01
Price target decreased to kr136 Down from kr147, the current price target is an average from 18 analysts. New target price is 48% above last closing price of kr91.40. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0.027 next year compared to a net loss per share of €0.10 last year. Reported Earnings • Feb 25
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: €0.06 loss per share (up from €0.10 loss in FY 2020). Revenue: €1.14b (up 69% from FY 2020). Net loss: €61.0m (loss narrowed 15% from FY 2020). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 54%, compared to a 35% growth forecast for the industry in Norway. Buying Opportunity • Feb 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 41%. The fair value is estimated to be €112, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. The company became loss making over the last 3 years.