Adevinta ASA (ADE) (“Adevinta” or “the Company”), the largest online classifieds player in the western world, will hold a Capital Markets Day for investors and analysts at 14:00 GMT.
The event is being held in London and will also be streamed live via webcast, which can be found at: www.adevinta.com/investors/financial-events.
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Chief Executive Officer, Rolv Erik Ryssdal, and Uvashni Raman, Chief Financial Officer, along with other members of the Adevinta management team, will unveil the Company’s new strategy, “Growing at Scale” and will provide guidance on its outlook and mid-long term targets.
The Growing at Scale strategy is underpinned by the following key priorities:
- Focusing the portfolio, by investing in and growing our five Core markets of Germany, France, Spain, Benelux and Italy
- Concentrating on high-quality verticals: Motors and Real Estate, that present a significant opportunity to increase monetization
- Becoming fully transactional in consumer goods, expanding into a growing and profitable online commerce market; and
- Leveraging technology and transforming advertising to preserve revenue and adapt to the evolving market.
Adevinta CEO Rolv Erik Ryssdal said:
“Our new strategy builds on our unparalleled scale, leadership positions and technology to accelerate sustainable growth. We have created a clear set of priorities that will allow Adevinta to benefit from emerging opportunities and trends in consumer behaviour.
“We will prioritise investment for growth in our five Core markets of Germany, France, Spain, Benelux and Italy, and expand on our leading sector positions in Motors and Real Estate. We will also invest in product and development to stay agile and evolve our business model to reflect changing demands, such as becoming fully transactional in consumer goods. This will only be possible if we continue to provide opportunities for our talented employees, whose dedication and hard work is central to our past and future achievements.