Vend Marketplaces (VEND) Investor presentation summary

Market position and portfolio

• Operates a family of marketplaces with over 330 million monthly visits across core brands in the Nordics.

• Holds strong positions in mobility, real estate, jobs, and recommerce verticals, serving a population of 27 million.

• Portfolio includes leading brands such as FINN, Blocket, Tori, DBA, Bilbasen, Oikotie, and several niche brands.

• Transitioned from a broad media and marketplace conglomerate to a focused pure-play marketplace group with about 1,700 employees.

Strategic focus and innovation

• Strategy centers on simplifying the portfolio, deepening vertical capabilities, and expanding where competitive advantages exist.

• Cross-Nordic platform enables faster innovation, cost efficiency, and tailored local solutions, especially in real estate.

• Maintains separate brands in key markets to foster local growth and trust.

Real estate vertical performance

• FINN dominates Norway’s real estate market, listing 98% of homes sold annually and achieving 24% CAGR in average revenue per ad from 2021–2024.

• Oikotie is gaining leadership in Finland, increasing brand strength and value capture in an under-monetized market.

• Rental platforms Qasa and HomeQ are transforming classified positions into transactional models with high gross margins and innovative SaaS offerings.