Online classifieds firm Adevinta says short-term confidence rising as growth tops forecast

By Reuters8 days ago

OSLO, May 5 (Reuters) - Norway's Adevinta ADEV.OL reported a bigger-than-expected rise in first-quarter revenue on Wednesday and said the positive momentum it was currently experiencing was expected to continue for the rest of the year if new pandemic lockdowns are avoided.

January-to-March operating revenue at the online classifieds company rose to 182.1 million euros ($218.9 million) from 174.5 million a year ago, while analysts in a Refinitiv poll on average expected 178.8 million euros.

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We believe we are well placed after a full year of successfully manoeuvring through the crisis, therefore we are approaching the short term uncertainty with even more confidence, Adevinta said in its first-quarter earnings report.

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