OLX’s Post

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Prosus Group announced their full-year results today and we couldn’t be more proud! Once again OLX has shown a remarkable performance - thanks to our amazing colleagues whose dedication and hard work make us the best place to work, learn and grow. #bettertogether #OLX #performance #grow #people

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CEO OLX

Prosus Group announced their full-year results today, and I couldn’t be more proud of the OLX contribution. As we reflect on another year of outstanding performance, I am pleased to share that OLX has not only achieved significant #growth and #profitability in Europe and South Africa but has also made substantial strides in operational efficiency and user experience through our continuous investment in technology. 🚀 Growing its revenue by 27% and more than tripling its trading profit in the past fiscal year, OLX remains one of the fastest-growing marketplace companies worldwide. Here are some highlights of our exceptional performance: 🏁 Motors Category: Demonstrated a robust 45% growth year-on-year.  🇺🇦 Ukrainian Economy: Continues on its recovery path, with OLX playing a pivotal role as a key driving force. 📦 Payment and Delivery Services: Our investment in these services led to higher adoption and monetisation. 👩💻 Enhancing our Technology: Our relentless focus on driving efficiencies through technological enhancements is making a significant impact on streamlining our operations and improving the customer experience. ♻️ Fostering the Circular Economy: Our platforms facilitated the trade of over 9 million secondhand electronics, vehicles and car parts, resulting in 2.5 million tonnes of materials saved and 3 million tonnes of CO2e emissions avoided - so, the more we grow, the better for the planet, and we’re very proud of it! This success is a testament to our exceptional #OLXteam whose dedication and hard work have driven us to achieve these remarkable results. I am extremely honoured to lead this great team. Looking ahead, we are poised for even greater growth. There are a lot of opportunities across all our categories, and we are very well-positioned to capture them. We’re also doubling our investment in #AI, which will boost our technological capabilities and elevate customer experiences. As we move forward, OLX will continue to set industry benchmarks and strive for excellence. Our journey is one of growth, innovation, and sustainable impact, driven by our commitment to enhancing both our customer experience and our societal contributions. I extend my deepest gratitude to our employees, customers, and partners for their continued support and I look forward to all the great things yet to do this year.

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