January 17, 2017 7:34 AM ET

Internet Software and Services

Company Overview of Immobilien Scout GmbH

Company Overview

Immobilien Scout GmbH operates an Internet portal ImmobilienScout24, for the real estate market in Germany. Its web portal enables sale of property for users, as well as facilitates customers looking for a new home on the Web. The company also offers CommercialNetwork, a closed online marketplace for discrete property deals; and provides services for housing and relocation. It provides services for apartments and commercial properties, land and finance projects, holiday accommodation, properties abroad, senior citizen homes, temporary housing and furnished apartments-forced sales. It serves foreign investors and portfolio holders. Immobilien Scout GmbH was formerly known as EIB Wohn- und Imm...

Andreasstrasse 10

Berlin,  10243

Germany

Founded in 1997

Phone:

49 30 24 301 12 00

Fax:

49 30 24 301 11 1

Key Executives for Immobilien Scout GmbH

Managing Director
Compensation as of Fiscal Year 2016.

Immobilien Scout GmbH Key Developments

ImmobilienScout24 Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half-Year Ended June 30, 2016; Provides Revenue Guidance for the Year 2016

ImmobilienScout24 announced unaudited consolidated earnings results for the second quarter and first half-year ended June 30, 2016. For the quarter, total external revenues were EUR 71.1 million against EUR 65.2 million a year ago. Ordinary operating EBITDA was EUR 45.5 million against EUR 39.8 million a year ago. EBITDA was EUR 40.2 million against EUR 37.6 million a year ago. Capital expenditure was EUR 2.6 million against EUR 2.3 million a year ago. For the six months, total external revenues were EUR 140.2 million against EUR 129.1 million a year ago. Ordinary operating EBITDA was EUR 87.9 million against EUR 78.2 million a year ago. EBITDA was EUR 79.5 million against EUR 73.2 million a year ago. Capital expenditure was EUR 5.2 million against EUR 4.6 million a year ago. The company is currently expected to achieve a mid-single digit percentage revenue growth rate in 2016, slightly lower than previous guidance given in the Annual Report 2015. This is due to lower than expected core agent revenues, while ARPU growth should remain strong in a high teens to low twenties range.

Immobilienscout24 Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2016

ImmobilienScout24 announced unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues from core agents was EUR 39.1 million against EUR 35.8 million a year ago. EBITDA was EUR 39.3 million against EUR 35.6 million a year ago. Capital expenditure was EUR 2.5 million against EUR 2.4 million a year ago. Total external revenues were EUR 69.1 million against EUR 63.9 million a year ago.

ImmobilienScout24 Reports Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016

ImmobilienScout24 reported audited earnings results for the fourth quarter and year ended December 31, 2015. For the year, the company reported external revenue of EUR 266.7 million, EBITDA of EUR 147.9 million and Ordinary operating EBITDA of EUR 159.2 million against external revenue of EUR 231.4 million, EBITDA of EUR 119.5 million, Ordinary operating EBITDA of EUR 129.3 million for the same period a year ago. For the quarter, the company reported external revenue of EUR 69.8 million, EBITDA of EUR 35.8 million, Ordinary operating EBITDA of EUR 40.0 million against external revenue of EUR 61.3 million, EBITDA of EUR 29.5 million, Ordinary operating EBITDA of EUR 34.7 million for the same period a year ago. The company expects to achieve a high single to a low double-digit percentage revenue growth rate in the financial year 2016 as well as an increase in ordinary operating EBITDA margin from 59.7% in 2015 to between 60.5% and 61.5%. The forecast is based on a similar ARPU growth as 2015 and some continued decline in core agent numbers as a result of the Bestellerprinzip and the ongoing transition to the membership model. The Management Board also expects increasing revenues from private listings and strong growth in consumer monetization revenues.

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