Latest news with #Adevinta
Reuters
21-07-2025
- Business
- Reuters
Adevinta sells its Spanish business to Sweden's EQT for $2.3 billion
July 21 (Reuters) - Norwegian online classifieds group Adevinta said on Monday it had sold its Spanish business to Swedish private equity firm EQT ( opens new tab to focus more on its remaining European units. The deal gave the Spanish business an enterprise value of around 2 billion euros ($2.3 billion), a source with knowledge of the matter told Reuters. Adevinta's Spanish unit comprises six marketplaces ranging from job-search platform Infojobs and real estate website Fotocasa to classified sites for second-hand cars and motorbikes and Adevinta, owned by a consortium led by Blackstone (BX.N), opens new tab and Permira, also owns German online car sale webpage and French and Italian second-hand marketplaces Leboncoin and Subito. The deal is the latest in a string of planned or completed asset sales by Adevinta. The company has agreed to sell its stake in Austria's consumer marketplace Willhaben and is mulling the listing of German online auto marketplace In 2020, EQT bought Spanish rival real estate ads platform Idealista and sold it four years later, keeping a minority stake. ($1 = 0.8579 euros)
Reuters
21-07-2025
- Business
- Reuters
Adevinta sells its Spanish business to Sweden's EQT
July 21 (Reuters) - Norwegian online classifieds group Adevinta said on Monday it had sold its Spanish business to Swedish private equity firm EQT ( opens new tab, to focus more on the rest of its European units for an undisclosed amount. The deal includes the sale of brands such as job-search platform Infojobs and real estate website Fotocasa, and it could be worth more than 2 billion euros ($2.33 billion) in a sale, Reuters previously reported. Adevinta's Spanish unit comprises six different marketplaces including a classified site for second-hand cars and motorbikes and Norway's Adevinta, acquired by a consortium led by Blackstone (BX.N), opens new tab and Permira, also owns German online car sale webpage and French and Italian second-hand marketplaces Leboncoin and Subito. In 2020, EQT bought Spanish real estate ads platform Idealista and sold it four years later, keeping a minority stake. ($1 = 0.8591 euros)
Yahoo
19-07-2025
- Business
- Yahoo
Vend Marketplaces ASA (SBBTF) Q2 2025 Earnings Call Highlights: Strategic Growth Amid Revenue ...
Group Revenue: NOK1,694 million, a 2% year-on-year decline. EBITDA: NOK583 million, a 25% increase year-on-year. Capital Distribution from Adevinta: EUR336 million received. Shareholder Returns: NOK6.2 billion returned through dividends and share buybacks. Mobility Revenue Growth: 4% increase in Q2. Real Estate Revenue Growth: Double-digit growth with 11% increase in classified revenues. Jobs Revenue Growth: 3% growth in Norway. Recommerce Revenue Decline: 6% decline in Q2. Operating Profit: NOK330 million, up from NOK199 million last year. Net Profit: Approximately NOK5.2 billion. Cash Flow from Operating Activities: NOK313 million, up from NOK174 million last year. Net Debt: NOK0.2 billion at the end of Q2. EBITDA Margin for Mobility: 58%, with 65% excluding transactional models. EBITDA Margin for Real Estate: 53%, with 59% excluding transactional business model. EBITDA Margin for Jobs: 60% in a seasonally strong quarter. EBITDA Margin for Recommerce: Improved by 2% points. Warning! GuruFocus has detected 11 Warning Signs with SBBTF. Release Date: July 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Vend Marketplaces ASA (SBBTF) achieved a 25% growth in EBITDA, reaching NOK583 million, primarily due to reduced operating expenses. The company has successfully increased revenue per ad across all verticals, indicating strong strategic momentum. Vend Marketplaces ASA (SBBTF) has returned approximately NOK6.2 billion to shareholders through dividends and share buybacks, demonstrating a commitment to shareholder value. The company is leveraging AI to enhance product offerings, such as improving ad quality and matching capabilities, which could drive future growth. The transition to a single technology platform is expected to free up capacity for innovation and expansion across multiple markets. Negative Points Group revenues declined by 2% year-on-year, impacted by a reduction in the other/HQ segment and soft advertising revenues. Vend Marketplaces ASA (SBBTF) faced a NOK10 million violation penalty from the Financial Supervisory Authority of Norway due to inappropriate information sharing in pre-close calls. Advertising revenues continue to decline, particularly affecting the recommerce and mobility segments. The company anticipates potential declining volumes in the second half of the year, particularly in the real estate sector. Despite cost reductions, the full financial benefits of strategic measures, such as platform consolidation and divestments, will take time to materialize. Q & A Highlights Q: Could you share your latest thinking on the appropriate scope of your headcount, considering recent exits and headcount reductions? Is there another leg down? A: Christian Printzell Halvorsen, CEO of We have reduced our workforce from around 2,000 to 1,720. We expect further reductions over time, driven by divestments and platform consolidation, but significant changes are unlikely in 2025. Full financial effects will be seen in 2027. Q: Can you update us on the competitive threat in Norwegian property and the impact of package changes on listings? A: Christian Printzell Halvorsen, CEO of There are no changes in our competitive position. We maintain a strong share of listings, and our package distribution remains stable. Competition highlights the value we provide to home sellers. Q: How do you view the potential for profitability in your recommerce business, given the current growth trends and R&D levels? A: Christian Printzell Halvorsen, CEO of We remain confident in reaching profitability within the indicated timeframe. Growth in transactional business and strong cost control are key. Platform consolidation is crucial for innovation and synergy extraction. Q: Could you elaborate on the development of advertising revenues and the competitive landscape for private car volumes in Sweden? A: Christian Printzell Halvorsen, CEO of Advertising is transitioning post-media split, requiring rebuilding commercial relationships. Private car volume decline in Sweden is driven by subverticals like caravans and motorcycles. Q: Can you discuss the margin progression and how you intend to manage margin versus growth in H2 and into 2026? A: Per Morland, CFO: We aim to achieve medium-term targets through growth and cost efficiency. Monetization and platform consolidation will drive margin improvements. We are on track to meet our 2027 targets. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
Adevinta explores sale of its Spanish business as owners pursue break-up, sources say
By Andres Gonzalez and Amy-Jo Crowley LONDON (Reuters) -Online classifieds group Adevinta is exploring the sale of its Spanish business, two sources with knowledge of the talks said, as its private equity owners seek to break-up the company to focus on three main markets and boost returns. Norway's Adevinta, acquired by a consortium led by Blackstone and Permira a year ago, is working with advisers on the sale of the Spanish business, which includes brands such as job-search platform Infojobs or property website Fotocasa, the sources said. The business could fetch more than 2 billion euros ($2.2 billion), one of the two sources said. A third source said that Adevinta's earnings before interest, taxes, depreciation and amortisation (EBITDA) are around 130 million euros. Blackstone and Permira declined to comment. Adevinta did not immediately respond to requests for comment. Online classifieds businesses have attracted increased investor interest. Cinven acquired Spanish online real estate classifieds platform Idealista last year and British real estate portal Rightmove rejected a proposal from Australian property listing company REA Group that valued it at more than $8 billion. Potential buyers of Adevinta's Spanish operations could include financial sponsors and other companies with interest in the online classifieds sector, one of the sources said, who might seek to acquire part or all of Adevinta's assets in Spain. Earlier this year, Adevinta agreed to sell its stake in willhaben, Austria's leading digital consumer marketplace business, and is considering the IPO of German online auto marketplace in 2026, Reuters reported in January. Adevinta's strategy has been to concentrate on its largest markets - Germany, France and Benelux - since the buyout. Adevinta owns six different marketplaces in Spain including a leading classifieds site for second-hand cars. ($1 = 0.8936 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
16-05-2025
- Business
- CNA
Adevinta explores sale of its Spanish business as owners pursue break-up, sources say
LONDON :Online classifieds group Adevinta is exploring the sale of its Spanish business, two sources with knowledge of the talks said, as its private equity owners seek to break-up the company to focus on three main markets and boost returns. Norway's Adevinta, acquired by a consortium led by Blackstone and Permira a year ago, is working with advisers on the sale of the Spanish business, which includes brands such as job-search platform Infojobs or property website Fotocasa, the sources said. The business could fetch more than 2 billion euros ($2.2 billion), one of the two sources said. A third source said that Adevinta's earnings before interest, taxes, depreciation and amortisation (EBITDA) are around 130 million euros. Blackstone and Permira declined to comment. Adevinta did not immediately respond to requests for comment. Online classifieds businesses have attracted increased investor interest. Cinven acquired Spanish online real estate classifieds platform Idealista last year and British real estate portal Rightmove rejected a proposal from Australian property listing company REA Group that valued it at more than $8 billion. Potential buyers of Adevinta's Spanish operations could include financial sponsors and other companies with interest in the online classifieds sector, one of the sources said, who might seek to acquire part or all of Adevinta's assets in Spain. Earlier this year, Adevinta agreed to sell its stake in willhaben, Austria's leading digital consumer marketplace business, and is considering the IPO of German online auto marketplace in 2026, Reuters reported in January. Adevinta's strategy has been to concentrate on its largest markets - Germany, France and Benelux - since the buyout. Adevinta owns six different marketplaces in Spain including a leading classifieds site for second-hand cars. ($1 = 0.8936 euros)
