At Adevinta, we believe everything and everyone has a purpose in life. Our selection of digital brands unlock the full value in every person, place and thing by creating perfect matches on the world’s most trusted marketplaces.
Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably.
At Adevinta we'll stay ahead of the curve by using innovation, curiosity and technology to develop products that help everyone and everything find new purpose.
We're all about matchmaking, and we take the same approach to hiring. But it's not just about finding the right skills for the job. It's also about making sure the role and the culture are the right match too.
We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment.
We invest in companies with tangible traction, a potential to scale beyond their domestic market, and who we can support with more than just financial resource.
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Oslo, 27 April 2023 - Adevinta ASA today released its 2022 Annual Report, available here. A printed copy may be obtained free of charge upon written request to: ir@adevinta.com.Details regarding impairment related to Brazil (Silver Brazil JV)
In the annual report Adevinta has reported an impairment loss of €(80) million of the investment in the joint venture for Brazil (Silver Brazil JV). This is mostly attributable to the revised growth trajectory of the business, accompanied by rising interest rates, increasing the weighted average cost of capital used for the impairment testing. Consequently, this contributed to a decrease in the share of profit of joint ventures and associates over the period from €(8) million in 2021 to €(121) million in 2022.
Adevinta has revised its FY 2022 figures reported in the Q4 2022 interim report published on 23 February 2023 to reflect the recognition of the impairment loss as outlined above. Details can be found in note 33 to the consolidated financial statements (p.181 of the annual report).
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About AdevintaAdevinta is a leading online classifieds specialist, operating digital marketplaces in 11 countries and providing digital services to connect buyers with sellers and facilitate transactions.Our portfolio spans more than 25 digital brands, attracting approximately 2.5 billion average monthly visits. Note assets include top-ranked leboncoin in France, Germany’s leading classifieds sites mobile.de and eBay Kleinanzeigen, Marktplaats in the Netherlands, Fotocasa, Habitaclia and InfoJobs in Spain, Subito in Italy and 50% of OLX Brasil. We employ around 5,700 people, including some 3,000 working in product and technology teams, committed to supporting users and customers daily.Adevinta is a sustainability leader within the Dow Jones Sustainability Index (DJSI) Europe. Find out more at Adevinta.com.
IR contactsMarie de ScorbiacHead of Investor Relationsir@adevinta.com
Anne-Sophie JugeanInvestor Relations Managerir@adevinta.comMedia contactMélodie LarocheCorporate Communicationsmelodie.laroche@adevinta.compress@adevinta.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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