October 22, 2017 2:18 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: 45
Managing Director of Product and IT
Age: 51
Managing Director
Age: 55
Managing Director
Age: 50
Compensation as of Fiscal Year 2017.

AutoScout24 GmbH Key Developments

AutoScout24 Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half-Year Ended June 30, 2017; Provides Earnings Guidance for the Second Half and Full Year 2017

AutoScout24 announced unaudited consolidated earnings results for the second quarter and first half-year ended June 30, 2017. For the quarter, the company reported total external revenues were EUR 43.3 million against EUR 37.6 million a year ago. Ordinary operating EBITDA was EUR 22.3 million against EUR 15.9 million a year ago. EBITDA was EUR 19.5 million against EUR 13.4million a year ago. Capital expenditure was EUR 2.4 million against EUR 2.0 million a year ago. For the six months, the company reported total external revenues were EUR 83.1 million against EUR 72.1 million a year ago. Ordinary operating EBITDA was EUR 39.6 million against EUR 29.8 million a year ago. EBITDA was EUR 34.8 million against EUR 26.0 million a year ago. Capital expenditure was EUR 3.6 million against EUR 4.3 million a year ago. For the second half year 2017, the management remains confident of AS24's ability to grow revenues and expects full year 2017 revenue growth at a mid-teens percentage rate. Ordinary operating EBITDA-margin for the first half-year 2017 stood at 47.3%, an increase of five percentage points compared to the full year 2016 42.3%, which underlines Management's expectations to expand ordinary operating EBITDA margin by at least five percentage points for the full year 2017. The management expects non-operating costs to amount to approximately EUR 14.5 million for the full year 2017, approximatively EUR 4.5 million higher than previously guided for. This is mainly resulting from a non-recurring charge for reorganization of around EUR 6.5 million previously EUR 4.0 million and from costs relating to M&A activities of around EUR 2.0 million previously not expected. Finally, management expects capital expenditure to be on a comparable level to 2016, as previously forecasted.

AutoScout24 Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Year 2017

AutoScout24 announced unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company's total external revenues were EUR 40.4 million compared with EUR 35.0 million a year ago. Ordinary operating EBITDA was EUR 17.3 million compared with EUR 13.9 million a year ago. EBITDA was EUR 15.4 million compared with EUR 12.6 million a year ago. Capital expenditure was EUR 1.2 million compared with EUR 2.3 million a year ago. EBITDA has grown from 40% margin to 43% margin. For the year, 2017, the company is expected to continue to grow revenues at midteens percentage rate. The company’s ordinary operating EBITDA margin is expected to expand by at least of 5% points compared to the end of 2016.

AutoScout24 Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half-Year Ended June 30, 2016

AutoScout24 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 37.6 million against EUR 29.8 million a year ago. Ordinary operating EBITDA was EUR 15.9 million against EUR 12.9 million a year ago. EBITDA was EUR 13.4 million against EUR 11.6 million a year ago. Capital expenditure was EUR 2.0 million against EUR 1.8 million a year ago. For the six months, total external revenues were EUR 72.7 million against EUR 57.4 million a year ago. Ordinary operating EBITDA was EUR 29.8 million against EUR 23.6 million a year ago. EBITDA was EUR 26.0 million against EUR 21.6 million a year ago. Capital expenditure was EUR 4.3 million against EUR 3.4 million a year ago.

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