Kinnevik: Avito trading statement third quarter
(Thomson Reuters ONE) -
Investment AB Kinnevik (publ) ("Kinnevik") today announced that Avito AB
("Avito") reported a trading statement for the third quarter 2014.
Avito owns and operates Russia's largest online classifieds site, Avito.ru, and
reports unaudited results and key performance indicators for the third quarter
2014. During the third quarter 2014, all revenues were generated from the
Avito.ru website.
Key performance indicators of the third quarter, 2014:
* Revenues of RUR 1,122m(1) (USD 28.5m(2)), grew by 77% compared with Q3 2013
(RUR 633m).
* Adjusted EBITDA margin of 65% or RUR 727m(1) (USD 18.5m(2)), compared to Q3
2013 (RUR 304m).
* Page views(3) amounted to 18bln compared to 11bln for the same period of
previous year.
* Monthly audience(4) in September 2014 of 26.7m compared to 23.1m for the
same period of previous year.
Key performance indicators for the nine months ended 30 September 2014:
* Revenues of RUR 3,043m(1) (USD 77.3 m(2)), grew by 89% compared to year-to-
date September 2013 (RUR 1,609m).
* Adjusted EBITDA margin of 55.5% or RUR 1,688m(1) (USD 42.9m(2)), compared to
year-to-date September 2013 (RUR 477m).
* Cash and cash equivalents in excess of USD 150m(2).
* Page views(3) amounted to 52bln compared to 32bln for the previous year.
Avito provides no guidance on future performance.
Use of non-GAAP financial measures
Adjusted EBITDA means net profit plus (1) depreciation and amortization
expenses, (2) share-based compensation expense, (3) income tax expense less (A)
finance income and expenses.
(1) Non-audited IFRS data.
(2) Russian ruble amount has been translated into U.S. dollars at a rate of RUR
39.3866 to $1.00, the official exchange rate quoted as of September 30, 2014 by
the Central Bank of the Russian Federation.
(3) Source: Live Internet and the Company.
(4) Source: TNS Russia, desktop only.
The information is of such character, which Kinnevik shall disclose in
accordance with the law on Trading with Financial Instruments (1991:980) and/or
the Securities Market Act (2007:528). The information was distributed for
disclosure at 8.00 a.m. on 9 December 2014.
For further information, visit www.kinnevik.se or contact:
Torun Litzén, Director Investor Relations +46 (0)8 562 000 83
+46 (0)70 762 00 83
Investment AB Kinnevik is a leading, long-term oriented, investment company
based in Sweden. Kinnevik primarily invests in consumer centric businesses that
provide innovative and value-added technology-enabled services. Our main areas
of focus are the Communications, e-Commerce, Entertainment and Financial
Services sectors. We own significant stakes in over 50 companies that operate in
more than 80 countries across five continents, with a particular emphasis on
growth markets. The Kinnevik Group employs more than 90 000 people around the
world.
Kinnevik actively supports the companies in which it invests and plays an
influential role on their respective Boards. Kinnevik was founded in 1936 by
three Swedish families who continue to play a leadership role in the ownership
of the Company and in the pursuit of its entrepreneurial ventures.
Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap
companies under the ticker codes KINV A and KINV B.
Press release:
http://hugin.info/1114/R/1878341/662140.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kinnevik via GlobeNewswire
[HUG#1878341]
Unternehmensinformation / Kurzprofil:
Datum: 09.12.2014 - 08:01 Uhr
Sprache: Deutsch
News-ID 358047
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contact information:
Town:
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Kategorie:
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