Adevinta reports solid financial performance in Q4 21 despite Motors headwinds

  • Financial Results
  • Press Releases
  • Q4 2021 total consolidated revenues up 6%1 yoy, despite Motors headwinds
  • Q4 2021 underlying EBITDA2 of €139m
  • FY 2021 total consolidated revenues and EBITDA up 10% yoy
  • Further progress in executing “Growing at Scale” strategy, confirming synergy and mid-to-long term targets
  • Announcement on CEO succession planning: Rolv Erik Ryssdal to retire as CEO and leave the business by February 2023

Oslo, 24 February 2022 – Adevinta ASA (ADE) (“Adevinta” or “the Company”) reported revenues from continuing operations up 6%1 in the fourth quarter compared to the same period last year, demonstrating the resilience of our marketplaces despite further supply pressure in the motors vertical:

  • Online classifieds revenues improved by 7% year-on-year, supported by double-digit revenue growth in Real Estate, Jobs and Consumer Goods. This was partially offset by Motors revenue performance, which was flat year-on-year. The volume impact was partly mitigated by successful price increases, higher client penetration and product development with high added-value for car dealers.
  • Transactional revenues grew by 41%, with strong traction in France and Italy.
  • Advertising revenues remained flat year-on-year with mixed performance across markets. Most markets were challenged by soft automotive display advertising. eBay Kleinanzeigen posted strong revenue growth (up 20% year-on-year), benefiting from increased performance in display.

Core Markets posted revenue growth of 7% in the quarter, despite the soft motors market:

  • Online classifieds revenue improved by 7%;
  • Transactional revenues grew by 42%;
  • Advertising revenues were up 3%.