Online classifieds firm Adevinta says short-term confidence rising…

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    judithholmwood3
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    <br>OSLO, May 5 (Reuters) – Norway’s Adevinta reported a bigger-than-expected rise in first-quarter revenue on Wednesday and said the positive momentum it was currently experiencing was expected to continue for the rest of the year if new pandemic lockdowns are avoided.<br> <br>January-to-March operating revenue at the online classifieds company rose to 182.1 million euros ($218.9 million) from 174.5 million a year ago, while analysts in a Refinitiv poll on average expected 178.8 million euros.<br> <br>”We believe we are well placed after a full year of successfully manoeuvring through the crisis, therefore we are approaching the short term uncertainty with even more confidence,” Adevinta said in its first-quarter earnings report.<br> <br>Unlike last year however, the company does not expect to receive any government subsidies related to the pandemic.

    In the second quarter of last year, it received around 3 million euros in such payments.<br> <br>Adevinta’s planned acquisition of eBay’s classified ads unit, Slot Gampang Menang valued at an estimated $9.2 billion in cash and shares, remains on track to close in the second quarter of 2021, the company said.
    ($1 = 0.8319 euros) (Reporting by Terje Solsvik, editing by Gwladys Fouche)<br>

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