Classifieds pull Axel Springer out of trouble (Updated)

04 Aug 2015
This morning, Axel Springer reported financial results for the first half of FY2015 in line with what management had forecasted at the start of the year and with what the market had expected. But, only thanks to Axel Springer’s classifieds business.The classifieds business delivered a sterling performance in H1, which more than neutralized the disappointing performance of the rest of Axel Spring

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.