--Seloger.com revenue grows 13% to EUR82.7m in 2010

Internet Business News
01-26-2011
--Seloger.com revenue grows 13% to EUR82.7m in 2010

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

26 January 2011 - The revenue of French online real estate ads specialist Seloger.com (EPA:SLG) climbed 13.3% year-on-year in 2010 to EUR82.7m (USD113.3m), in line with expectations.
The company, which has agreed to be acquired by German media group Axel Springer (ETR:SPR), confirmed its target for earnings before interest, taxes, depreciation and amortisation (EBITDA) of some EUR44m.

For 2011, Seloger sees double-digit growth in sales.

In the fourth quarter of 2010, revenue registered an increase of 15.3% on the year to EUR21.8m.

The company also said its supervisory board has accepted Axel Springer's sweetened takeover bid of EUR38.05 per share.

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