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Scout24 presents growth plan at Capital Markets Day

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DGAP-News: Scout24 SE / Key word(s): Capital Markets Day
02.12.2021 / 13:45
The issuer is solely responsible for the content of this announcement.

Scout24 presents growth plan at Capital Markets Day

  • Future growth centred around real estate transactions

  • Revenue growth expected in the double-digit percentage range

  • Earnings to continue to grow at a high level


Munich / Berlin, 2 December 2021

The Management of Scout24 Group presents its plans for sustainable growth at the virtual Capital Markets Day. The growth strategy for the coming years is based on five value drivers.

  • Enhanced marketing opportunities for real estate agents with ImmoScout24 memberships.

  • More seller leads for real estate agents to improve their digital acquisition activities.

  • Enhanced mortgage brokerage business with finance partners and banks.

  • Increased Plus subscriptions to help private customers find their dream property more conveniently.

  • Accelerated roll-out of digital property management solution for private landlords.


Based on these value drivers, Scout24 will address a significantly larger market in the future. These value drivers go beyond the traditional listing: they are centred around successfully completing the underlying real estate transaction, be it residential or commercial real estate, buying, selling, financing, renting, or letting. At the same time, these value drivers address the continuing digitization trends in the German real estate market for both professional and private customers.

"Since the Capital Markets Day 2019, we have made significant progress to build a digital ecosystem for real estate transactions. Today, ImmoScout24 is already much more than a mere classifieds platform. With an accelerated product roll-out, we are helping our customers to execute all transactions around real estate in a more efficient and digital way. This is the focus of our future growth," comments Tobias Hartmann, CEO of Scout24 SE.

During the Capital Markets Day, the Scout24 Management also provides an outlook on the financials for the following year. Group revenue is expected to increase between 11% and 12% in 2022. At the same time, the Group's ordinary operating EBITDA is expected to grow between 6% and 8%.

"We want to increase our revenue in the double-digit percentage range also beyond 2022. During that timeframe, earnings growth will accelerate again. Our growth formula thus creates added value for our customers and shareholders," adds Dirk Schmelzer, CFO of Scout24 SE.

Going forward, this customer focus will also be reflected in Scout24's financial segments. The newly created "Professional" segment will include all revenue with professional residential and commercial real estate partners (real estate agents, property managers, new home builders, real estate developers). The new "Private" segment will bundle all revenue with private customers such as tenants, buyers and landlords. The "Media & Other" segment will remain unchanged.


Capital Markets Day documents

The presentation of today's Capital Markets Day is available at https://www.scout24.com/en/investor-relations/financial-events/capital-markets-day. The replay will be uploaded at the same place in due time, presumably on 3 December 2021.


Next events

1 March 2022: Preliminary figures for the financial year 2021


About Scout24

Scout24 is one of the leading digital companies in Germany. With the digital marketplace ImmoScout24, for residential and commercial real estate, we successfully bring together homeowners, real estate agents, tenants, and buyers - and we have been doing so for more than 20 years. With more than 20 million users per month on the website or in the app, ImmoScout24 is the market leader for digital real estate listing and search. To digitise the process of real estate transactions, ImmoScout24 is continually developing new products and building up an ecosystem for renting, buying, and commercial real estate in Germany and Austria. Scout24 is a listed stock corporation (ISIN: DE000A12DM80, Ticker: G24) and member of the MDAX and the DAX50 ESG. Further information is available on Twitter and LinkedIn. Since 2012, ImmoScout24 has also been active in the Austrian real estate market.


Investor Relations
Ursula Querette
Head of Investor Relations & Treasury
Tel.: +49 89 262 02 4939
E-Mail: ir@scout24.com

Media Relations
Jan Flaskamp
Vice President Communications & Marketing
Tel.: +4930243010721
E-Mail: mediarelations@scout24.com

Disclaimer
All information contained in this document has been carefully prepared. However, no liability of any kind is assumed for the information contained herein and/or its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith.

The information contained in this release is subject to amendment, revision and updating. Certain statements, beliefs and opinions in this document are forward-looking, which reflect the Company's or, as appropriate, senior management's current expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results, including but not limited to the Company's financial position or profitability, to differ materially, also adversely, from those expressed or implied by the forward-looking statements. Statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any information contained in this document (including forward-looking statements), whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.


02.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Scout24 SE

Bothestr. 13-15

81675 Munich

Germany

Phone:

+49 89 262 02 4939

E-mail:

ir@scout24.com

Internet:

www.scout24.com

ISIN:

DE000A12DM80

WKN:

A12DM8

Indices:

MDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1253757


 

End of News

DGAP News Service

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