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Avito AB Trading Statement 1st quarter 2016

Avito AB Trading Statement 1st quarter 2016

Avito AB (“Avito” or the “Company”), which operates Russia’s largest online classifieds website,, hereby announces non-audited results and key performance indicators for the 1st quarter 2016. In 2016 all revenues were substantially generated from the website.

Key performance indicators for the 1st quarter 2016:

  • Revenues of RUB 2 249m1 (USD 33.3m2), grew by 86% compared to RUB 1 207m in Q1 2015.
  • Adjusted EBITDA margin of 47% or RUB 1 067m1 (USD 15.8m2), compared to 46% or RUB 560m in Q1 2015. 
  • Page views3 amounted to 33bn (mobile views – 54%4) compared to 26bn (mobile views – 41%4) for the same period of the previous year.

In May 2014 Avito AB set up a subsidiary Domofond Holding AB ("Domofond"), together with Property24, a subsidiary of the Naspers group, to jointly develop and operate a propery portal in Russia under the brand name Domofond. is in a development state and does not generate any significant revenues. Avito continued to invest material amounts in Domofond in the 1st quarter of 2016, including the funding of TV-campaigns in many 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 expense, (3) income tax expense less (A) finance income and expenses. 

Filip Engelbert 
CEO Avito AB
16 May 2016  


  1. Source: non-audited IFRS data.
  2. Russian ruble amount has been translated into US dollars at a rate of RUR 67.6076 to $1.00, the official exchange rate quoted as of March 31, 2016 by the Central Bank of the Russian Federation.
  3. Source: Internal company information.
  4. The mobile views include mobile HTML and applications, tablets are counted as desktop views.

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