Avito valuation drops slightly in Q1 report

28 Apr 2014
The feast is not over, but Kinnevik dropped its adjusted-sales multiple for the valuation of Russian classified site Avito.ru from 13.5 in Q4 FY2013 to 12 in the Q1 financial report published this morning. It is not much, but it may reflect a change in the attitude that launching a classified site is like printing money. The sales multiple is still very high compare

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Lars Herlin

Lars Herlin is an AIM Group senior analyst for Europe, and our expert on Schibsted. He had a long career in journalism at Expressen, Svenska Dagbladet and VeckansAffärer, and served as managing editor and later managing director of Gotlands Allehanda.