Stockholm, Nov. 30, 2018 (GLOBE NEWSWIRE) --  

Vostok New Ventures Ltd's ("Vostok New Ventures") largest holding, Avito AB, has today released its trading statement with non-audited figures and key performance indicators for the six months period April 1, 2018 – September 30, 2018.

Avito owns and operates Russia's largest online classifieds website, Avito.ru. During the period all substantial revenues were generated from the Avito.ru website.

The financial year-end of Avito AB is on March 31.

Key performance indicators for the period April 1, 2018 – September 30, 2018

• Revenues of RUB 10 332 mln (USD 157.5 mln), grew by 30.2% compared to RUB 7 935 mln (USD 121 mln) for the same period previous year. 

• Adjusted EBITDA* margin of 65.4% or RUB 6 760 mln (USD 103.1 mln), compared to 60.3% or RUB 4 784 mln (USD 73.0 mln) for the same period previous year. 

• Unique listers amounted to 17.46 mln and grew by 7.4% compared to 16.25 mln for the same period of the previous
 year. 


Avito provides no guidance on future performance. 


All USD amounts have been translated with the USD/RUB rate 65.5906 as per September 30, 2018.

*Adjusted EBITDA means net profit plus (1) depreciation and amortization expenses, (2) share-based compensation expense, (3) finance costs including fair value adjustments of derivative under current office lease agreement (4) income tax expense less (A) finance income and expenses.

For further information please contact:
Björn von Sivers, Head of Investor Relations, Tel +46 8 545 015 50

Vostok New Ventures Ltd, formerly Vostok Nafta Investment Ltd, is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The Swedish Depository Receipts (SDRs) of Vostok New Ventures are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV SDB. For more information on Vostok New Ventures, visit www.vostoknewventures.com.

This information is information that Vostok New Ventures Ltd is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.10 CET on November 30, 2018.

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