In the Czech Republic, Vltava Labe Media (VLM) saw its revenue decrease 7% while EBITDA dropped by 16% in FY2020, according to a report on Czech news site

The company earned CZK 1.9 billion ($91.3 million U.S.) last year, down from $98.2 million in the same period last year. Its EBITDA was CZK 142.7 million ($6.6 million U.S.).

VLM is the second-largest publishing company in the Czech Republic with a 17 percent market share. It is owned by Penta Group, which is a Central European investment fund established in 1994. It mainly operates in healthcare, financial services, manufacturing, retail and real estate development.

Penta is also a minority shareholder in United Classifieds, the owner of several real estate sites in Slovakia. Ringier Axel Springer holds a majority stake in the company.

VLM’s classifieds portfolio includes several leading Czech automotive sites, including,, and It also operates the real estate vertical and horizontal

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