Kinnevik: Avito trading statement first quarter 2015
(Thomson Reuters ONE) -
Investment AB Kinnevik (publ) ("Kinnevik") today announced that Avito AB
("Avito") reported a trading statement for the first quarter 2015.
Avito owns and operates Russia's largest online classifieds website, Avito.ru,
and reports unaudited results and key performance indicators for the first
quarter 2015. During 2014 and 2015, all revenues were generated from the
Avito.ru website.
Key performance indicators of the first quarter 2015:
* Revenues of RUR 1,207m(1) (USD 20.6m(2)), grew by 42% compared with Q1 2014
(RUR 852m).
* Adjusted EBITDA margin of 46.4% or RUR 560m(1) (USD 9.6m(2)), compared to Q1
2014 (adjusted EBITDA margin 46.1% or RUR 393m).
* Cash and cash equivalents in excess of USD 152m(2) per 31 March 2015.
* Page views(3) amounted to 26bln (mobile views accounted for 41%(4)) compared
to 17bln (mobile views accounted for 27%) for the same period in the
previous year.
* Monthly audience(5) in March 2015 of 27.4m compared to 25.8m for the same
period in the previous year.
In May 2014, Avito launched a subsidiary - Domofond Holding AB ("Domofond")
together with Korbitec Singapore PTE LTD, a subsidiary to Naspers, to jointly
develop a property portal in Russia under the brand name Domofond and operate
the website Domofond.ru. Domofond.ru is in a development state and is not
generating revenue. During the 1st quarter 2015, Avito made material investments
in Domofond. Domofond.ru launched TV-campaigns in Moscow, St.Petersburg and the
13 largest cities in Russia.
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 expenses, (3) income tax expenses 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
58.4643 to $1.00, the official exchange rate quoted as of March 31, 2015 by the
Central Bank of the Russian Federation.
3 Source: Internal company information.
4 Mobile views include mobile HTML and applications.
5 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 08.00 CET on 30 April 2015.
For further information, visit www.kinnevik.se or contact:
Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Kinnevik is an entrepreneurial investment group focused on building digital
consumer brands in four sectors: Communication, E-commerce & Marketplaces,
Entertainment, and Financial Services. We work in partnership with talented
founders and managers to create, invest in and lead fast growing digital
businesses both in developed and developing countries. Kinnevik was founded in
1936 by the Stenbeck, Klingspor and von Horn families.
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/1917250/685808.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#1917250]
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Datum: 30.04.2015 - 08:06 Uhr
Sprache: Deutsch
News-ID 389732
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