July 25, 2016 4:09 PM ET

Internet Software and Services

Company Overview of AutoScout24 GmbH

Company Overview

AutoScout24 GmbH operates Internet based portals for trading cars, motorcycles, and trucks on the Internet. Its platform also provides car loans, insurance, and vehicle leasing products. The company’s platform is used by private customers, dealers, and manufacturers in Europe. AutoScout24 GmbH was formerly known as MasterCar AG and changed its name to AutoScout24 GmbH in 1999. The company was founded in 1998 and is based. AutoScout24 GmbH operates as a subsidiary of Scout24 AG.

Dingolfinger Str. 1-15

Munich,  81673

Germany

Founded in 1998

Phone:

49 89 444 561 666

Fax:

49 89 444 563 000

Key Executives for AutoScout24 GmbH

Senior Vice President of Sales and Operations
Age: 44
Managing Director of Product and IT
Age: 50
Managing Director
Age: 54
Managing Director
Age: 49
Compensation as of Fiscal Year 2016.

AutoScout24 GmbH Key Developments

AutoScout24 Reports Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the Year 2016

AutoScout24 reported audited earnings results for the fourth quarter and year ended December 31, 2015. For the year, the company reported external revenue of EUR 120.7 million, EBITDA of EUR 39.7 million and Ordinary operating EBITDA of EUR 43.8 million against external revenue of EUR 106.9 million, EBITDA of EUR 19.0 million, Ordinary operating EBITDA of EUR 31.1 million for the same period a year ago. For the quarter, the company reported external revenue of EUR 33.4 million, EBITDA of EUR 8.1 million, Ordinary operating EBITDA of EUR 8.9 million against external revenue of EUR 29.5 million, EBITDA of EUR 4.6 million, Ordinary operating EBITDA of EUR 7.3 million for the same period a year ago. The company expects revenues to grow organically at a similar rate as in 2015 and ordinary operating EBITDA margin to expand further by a few percentage points. Especially, the Management Board sees further growth in the number of core dealers driven by the intensified acquisition of medium sized and smaller dealers across its key geographies. Moreover, the recent acquisition of European AutoTrader B.V., Amsterdam ("Autotrader") is expected to contribute revenues of around EUR 6 million.

Scout24 Puts AutoScout24 Up For Sale

Scout24 AG plans to sell or close the workshop portal of AutoScout24 Gmbh. Scout24 did not disclose further details on the divestment plans.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
October 16, 2015
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