Adevinta : A very good start to the year, lending weight to 2023 targets
>Outperform recommendation and target price of NOK 105 reiterated - Following this publication, we are sticking with our Outperform recommendation and our target price of NOK 105. We note a very good Q1 (+14% organic), representing an acceleration vs Q4 (+8%) and driven by the increase in the number of adverts on Mobile.de (~20% of revenue). This solid quarter once again reflects the resilience of the group which is capable of generating double-digit growth even in a...
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