AI assistant
Adevinta — Report Publication Announcement 2021
Apr 6, 2021
3520_rns_2021-04-06_899ac4f2-5a6f-4b33-ac5c-98edf7faaee1.html
Report Publication Announcement
Open in viewerOpens in your device viewer
Adevinta (ASA) publishes its 2020 Annual Report
Adevinta (ASA) publishes its 2020 Annual Report
Oslo, 6 April 2021 - Adevinta ASA has released its 2020 Annual Report. It is
available on www.adevinta.com/ir, (http://www.adevinta.com/ir,) and a printed
copy may also be obtained free of charge upon written request to the following
email address: [email protected] (mailto:[email protected]).
Reflecting on 2020, Rolv Erik Ryssdal, CEO, said:
"Our top priorities throughout the year were to ensure our marketplace sites
remained fully operational, to engage and support our users and customers, and
to protect the health and safety of our employees.
"While we started the year with strong positive momentum, the Covid crisis
changed the business environment dramatically in all our markets. However,
recovery was encouragingly swift in many parts of our operations, and we
achieved a robust performance in extremely challenging circumstances.
"There have also been some key strategic decisions, which will continue to guide
and support our development in 2021 and subsequent years. The Board and
Management Team have built a firm foundation for Adevinta to ensure we have the
vision, people, and resources to pursue opportunities for growth as we evolve as
a larger organisation.
"The trends that support the development of a digital economy are accelerating,
and we see strong growth opportunities along with an increasing need for
efficient online solutions, and more convenient digital user journeys.
Professional users are rethinking their operating models and demanding more
efficient digital content and advertising solutions. I believe online
classifieds marketplaces will play a larger role in the lives of individual
consumers too.
"In July 2020, we were very excited to announce the acquisition of eBay
Classifieds Group. Upon completion, this acquisition will transform Adevinta
into a globally scaled pure-play online classifieds leader, with unparalleled
scale in technology and talent. Adevinta will have leading market positions in
16 countries covering one billion people and with around three billion monthly
visits.
" Looking ahead, our strong client relationships and enhanced product offering
will continue to support business development. Having world-class products, and
the right people to build them, are essential to our success."
-End-
Notes to the Editors
About Adevinta
Adevinta is a global online classifieds specialist, operating digital
marketplaces in 11 countries. The company provides technology-based services to
connect buyers with sellers and to facilitate transactions, from job offers to
real estate, cars, consumer goods and more. Adevinta's portfolio spans more than
30 digital products and websites, attracting 1.3 billion average monthly visits.
Leading brands include top-ranked leboncoin in France, InfoJobs and Milanuncios
in Spain, and 50% of fast-growing OLX Brazil. Adevinta spun off from Schibsted
ASA and publicly listed in Oslo, Norway in 2019. Adevinta is majority owned by
Schibsted ASA and employs 4,700 people committed to supporting users and
customers daily. Find out more at Adevinta.com (https://www.adevinta.com/).
Media contact
Mélodie Laroche
Head of Corporate Communications
T: +33 (0) 6 84 30 52 76
[email protected] (mailto:[email protected])
(mailto:[email protected])
IR contact
Marie de Scobiac
Head of Investor Relations
[email protected] (mailto:[email protected])m
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act