- 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%.