Vend Marketplaces ASA
OSE:VEND
Vend Marketplaces ASA
Vend Marketplaces ASA operates as a digital marketplace company that connects buyers and sellers across various sectors. The company is headquartered in Oslo, Oslo and currently employs 3,884 full-time employees. The firm focuses on operating and developing online marketplaces across the Nordic region, offering platforms for buying and selling goods and services. Its primary business areas include classified ads, e-commerce, and digital services, with a presence in sectors such as real estate, jobs, mobility, and consumer goods. The Company’s key platform is its Nordic family of digital marketplaces, which are online platforms. These platforms aim to connect millions of users monthly, enabling efficient and transparent transactions between individuals and businesses. Vend Marketplaces ASA leverages technologies such as Artificial Intelligence (AI) and data analytics to personalize user experiences, optimize search and recommendation engines, and improve operational efficiency.
Vend Marketplaces ASA operates as a digital marketplace company that connects buyers and sellers across various sectors. The company is headquartered in Oslo, Oslo and currently employs 3,884 full-time employees. The firm focuses on operating and developing online marketplaces across the Nordic region, offering platforms for buying and selling goods and services. Its primary business areas include classified ads, e-commerce, and digital services, with a presence in sectors such as real estate, jobs, mobility, and consumer goods. The Company’s key platform is its Nordic family of digital marketplaces, which are online platforms. These platforms aim to connect millions of users monthly, enabling efficient and transparent transactions between individuals and businesses. Vend Marketplaces ASA leverages technologies such as Artificial Intelligence (AI) and data analytics to personalize user experiences, optimize search and recommendation engines, and improve operational efficiency.
Profitability Surge: Group EBITDA jumped 53% year-on-year to NOK 491 million, with EBITDA margin expanding by 12 percentage points to 32%.
Cost Discipline: OpEx excluding COGS dropped 17% year-on-year, reflecting significant cost-cutting and organizational simplification.
Stable Revenue: Group revenues held steady at NOK 1,510 million, despite headwinds in advertising and job volumes.
Dividend & Buyback: Ordinary dividend proposed at NOK 2.5 per share (up from NOK 2.25), plus a NOK 2 billion share buyback program launched.
Platform Progress: Major migration of Blocket to the Aurora platform completed; most benefits from platform transition expected in 2027.
AI Strategy: Management emphasized strong first-party data and direct user relationships as competitive advantages for building AI features.
Guidance: Cost base (excluding COGS) expected to remain broadly stable in 2026; revenue growth to be driven by ARPA and product initiatives.
