Swedish online real estate firm Hemnet plans Nasdaq Stockholm listing By Reuters

By
Matilda Colman
-
0
39

© Reuters.

STOCKHOLM (Reuters) – Swedish real estate web portal Hemnet plans to list its shares on Nasdaq Stockholm, it said on Thursday.

Hemnet, which had sales of 544 million crowns ($63.1 million) last year, said that the listing was expected to take place during the second quarter, depending on market conditions.

The online company said it was targeting annual sales growth of 15%-20% and had a medium-term target of adjusted operating margin (EBITDA) of 45%-50%, up from 37% in 2020.

($1 = 8.6168 Swedish crowns)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

RELATED ARTICLESMORE FROM AUTHOR