Economia
Kinnevik: Avito trading statement 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:
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.
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.
www.kinnevik.se
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