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Share 2016-09-29 13:40 RATOS B 40.60 SEK

KVD

  • Torbjörn Wik

    CEO

KVD is Sweden’s largest independent online marketplace offering broker services for second-hand vehicles. The company operates the auction sites kvd.se, kvdnorge.no, kvdpro.com and kvdauctions.com, where cars, heavy vehicles and machines are offered for sale at weekly online auctions. The number of unique visitors totals approximately 200,000 per week. The company includes valuation portals for cars.

In 2015 sales amounted to SEK 317m and EBITA amounted to SEK 29m. Average number of employees 168.

Development 2016

(From Ratos's interim report January-June 2016)

  • Stable sales trend driven by favourable growth within Private Cars (+26%), a stable performance in Company Cars and a slightly weaker trend in Machines & Heavy Vehicles
  • Adjusted EBITA improved following the discontinuation of the unprofitable Norwegian auction operations. The closedown costs were charged to reported earnings
  • Continued investments in IT and the development of services in order to raise the level of customer value on the auction sites

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