Adevinta Targets EBITDA Margin 40-45% in Medium Term

• (PLX AI) - Adevinta targets average annual revenue growth in Core Markets of approximately 15%, driven by growth in Motors and Real Estate verticals and strong ramp up of transactional services in consumer goods, while we expect to preserve advertising revenues.
• • Targeted EBITDA margins of c.40-45%, driven by further operating leverage in each revenue stream
• • Medium-term Net Debt / EBITDA target of 2x - 3x
• • Expected €130m run rate EBITDA impact from synergies by year 2024, in line with original target
• • Primary use of cash will be investing for growth and deleveraging the balance sheet, with cash in excess to capture value accretive inorganic growth opportunities or return cash to shareholders