Internet Software and Services
Company Overview of Scout24 AG
Scout24 AG operates digital marketplaces specializing in the real estate and automotive sectors in Germany and other European countries. The company operates through ImmobilienScout24 and AutoScout24segments. The ImmobilienScout24 segment operates digital real estate classifieds portal for commercial and private customers for the sale and rental of real estate, as well as offers advertising services to third-party suppliers, such as insurance and financial service companies, utilities, or removal companies. The AutoScout24 segment operates an online car classifieds portal likewise for commercial and private customers for the sale of new and second-hand cars, as well as offers advertising ser...
Dingolfinger Street 1-15
Founded in 1998
Key Executives for Scout24 AG
Chief Executive Officer, Managing Director and Member of Management Board
Total Annual Compensation: €1.1M
Chief Financial Officer, Commercial Director and Member of Management Board
Total Annual Compensation: €591.3K
Compensation as of Fiscal Year 2016.
Scout24 AG Key Developments
Scout24 AG Announces Preliminary Group Revenue Results for the Full Year 2017 and Earnings Results for the Fourth Quarter of 2017; provides earnings guidance for the year 2017 and revenue guidance for the year 2018 and 2019
Feb 13 18
Scout24 AG announced Preliminary Group revenue results for the full year 2017 and earnings results for the fourth quarter of 2017. For the year, Preliminary Group revenues of EUR 479.8 million for the full year 2017 are up 8.5% year-over-year. The key drivers of the strong results were a solid development in Immobilien Scout24 (IS24) on the back of continued positive momentum in core agent revenues, further growth in AutoScout24 (AS24) through a strong ARPU (average revenue per core dealer per month) expansion and a continued monetisation along the value chains of real estate and automotive driven by the group-wide unit Scout24 Consumer Services.
For the fourth quarter 2017, the company achieved preliminary Group revenues of EUR 126.3 million, an increase of 9.1% compared to the same period last year (EUR 115.8 million) and preliminary ordinary operating EBITDA of EUR 67.3 million, up 18.1% compared to EUR 57.0 million achieved in the fourth quarter 2016. Ordinary operating EBITDA margin came in at 53.3% compared to 49.2% in the fourth quarter 2016.
The company expects to achieve a 12.6% higher ordinary operating EBITDA of EUR 252.8 million for the full year 2017. This represents a 1.9 percentage points increase in the ordinary operating EBITDA margin to 52.7%, and therefore above guidance given in August 2017. Cash contribution (ordinary operating EBITDA reduced by investments) grew by 12.2% or EUR 25.0 million to EUR 230.0 million, supporting the Group's financial flexibility. Preliminary Group EBITDA is expected to come in at EUR 232.8 million, affected by non-operating items of EUR 20.0 million, slightly higher than expected, relating mainly to the previously not expected costs in the context of the Group's M&A activities as well as costs attributable to reorganisation measures. Capital expenditure is expected to come it at EUR 22.8 million (2016: EUR 19.5 million), slightly exceeding the guidance driven by increased product development for both IS24 and AS24 platforms and thus higher capitalization of internally generated assets. The company expects these investments to drive further growth in 2018 and beyond. Net profit is expected at EUR 110. 9 million (2016: EUR 66.9 million). Preliminary earnings per share amount to EUR 1.03 (2016: EUR 0.62).
The management targets a high-single to low double digit percentage growth rate in Group Revenues for the financial year 2018.
For the year 2019, a low- to mid-teens percentage growth rate for 2019.
Scout24 AG Makes Voluntary Repayment of its Revolving Credit Facility of EUR 30 Million at the End of 2017
Jan 8 18
Scout24 AG has made a voluntary repayment of its revolving credit facility of EUR 30 million at the end of last year. In total, the Company has thus repaid EUR 60 million in the year 2017. The repayment results in a reduction of total outstanding debt from the revolving credit facility from EUR 80 million to EUR 50 million and therefore decreases interest expenses by EUR 330 thousand per year on the current interest rate. At the same time, the repayment increases the available credit line of the revolving facility to EUR 150 million. This gives Scout24 greater financial flexibility.
Scout24 AG Presents at Kepler Cheuvreux German Corporate Conference, Jan-17-2018 11:30 AM
Nov 23 17
Scout24 AG Presents at Kepler Cheuvreux German Corporate Conference, Jan-17-2018 11:30 AM. Venue: Hotel Villa Kennedy, Kennedyallee 70, Frankfurt, Germany. Speakers: Christian Gisy, Chief Financial Officer, Commercial Director and Member of Management Board.
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