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Permira Funds announce 1 9bn Strategic Investment in Adevinta

Permira Funds announce 1 9bn Strategic Investment in Adevinta
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Adevinta ASA: Adevinta announces the winners of its global Sales, Culture and Innovation Awards

Adevinta ASA: Adevinta announces the winners of its global Sales, Culture and Innovation Awards
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Adevinta announces the winners of its global Sales, Culture and Innovation Awards

Adevinta announces the winners of its global Sales, Culture and Innovation Awards
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Russmedia Equity Partners acquires online marketplace Shpock

Adevinta ASA (ADE) - Adevinta reports a solid start to the year, with strong financial performance in Q1

EBITDA Successful delivery of product roadmap Further progress ahead of the eBay Classifieds Group acquisition Oslo, 5 May 2021 - Adevinta ASA (ADE) ( Adevinta or the Company ) reported a solid start to 2021 with revenues 1 up 6% compared to the same period last year, or up 7% excluding impacts of disposal, acquisitions and forex, demonstrating further performance improvement despite the challenging environment. Online classifieds revenues improved 8% (of which 5% is attributable to transactional services) compared to Q1 2020, when the Group saw strong performance until the Covid crisis started. Display advertising revenues increased 2% year-on-year. Disposals in Global Markets and the Grupo Zap acquisition had a 1-point positive impact on revenue growth, whilst changes in exchange rate contributed negatively with 1.7 points.

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