Adevinta ASA (OTCPK:ADEVY)

$ 3.07 0 (0%) Market Cap: 7.50 Bil Enterprise Value: 9.26 Bil PE Ratio: 0 PB Ratio: 1.44 GF Score: 65/100

Q2 2019 Adevinta ASA Earnings Call Transcript

Jul 15, 2019 / 12:00PM GMT

Transcript

Operator

Good day and welcome to the Adevinta Q2 2019 Q&A and Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Rolv Erik Ryssdal. Please go ahead, sir.

Rolv Erik Ryssdal

Adevinta ASA - CEO

Thank you very much, operator. Hello from Oslo, and thank you for joining us on our Q2 2019 investor call. I'm Rolv Erik Ryssdal, I'm the CEO. I'm here with Uvashni Raman, our CFO. I'm sure you've all had the chance to read through our results report published this morning, so I'll keep my introduction short.

Overall, I summarize the results as being a good quarter. We have enjoyed a good second quarter with strong performances in core verticals across our markets. On a proportionate basis, revenue from verticals was up 16%. Total operating revenue improved 13%. We're making good progress, and we're on steady course to deliver on our strategy or strengthening our positions in the verticals.

Our 4 key segments, all made good contributions in the quarter. Verticals in France and Spain

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