EQS-News: Scout24 presents growth strategy and updated financial framework for 2024-2026 at Capital Markets Day
Source: EQS
Scout24 presents growth strategy and updated financial framework for 2024-2026 at Capital Markets Day
At today’s Capital Markets Day Scout24 presented its updated company strategy, which will be centered around merging data with classifieds to facilitate more efficient matchmaking. By merging relevant data and classifieds, all stakeholders are set to benefit. Scout24 will enrich its listings with value-added content and data to facilitate optimal decision-making for its users. Agents will have access to a wide array of digital solutions to drive business in an increasingly complex and interconnected real estate market. The evolving homeowner hub will allow owners to manage their properties digitally. For seekers, we enable a new and improved search. In the future, we will provide further real estate-related data to all stakeholders. By executing this strategy, we will continue to drive the long-term real estate digitization in “At our Capital Markets Day 2021 we presented our strategy of evolving Scout24 beyond a traditional marketplace. With ImmoScout24 we have built the most comprehensive data portal for real estate in The basis for this updated strategy are the focused investments in our tech and product portfolio over the past years. Scout24 now uses its tech platform and interconnected plug and play products to drive digitization of real estate transactions allowing for the best possible matchmaking. “ImmoScout24 is the leading platform for real estate in Next-level strategy around interconnectivity provides basis for continued healthy growth and scalability for the period 2024-2026 Scout24 is entering this new phase from a position of strength. With our product portfolio, Scout24 has proven it can grow in all market environments. “We have delivered a strong performance since our Capital Markets Day 2021. We invested for our customers while building a stronger foundation. We generated attractive returns for our shareholders through earnings growth and returning capital through dividends and share buybacks. I am particularly pleased that we managed to grow our adjusted EPS by a CAGR of 29% since 2021. Going forward, our financial guidance until 2026 reflects our clear commitment to deliver attractive revenue growth whilst continuing to scale our profitability,” comments Financial guidance for 2024 The Management Board expects revenues to grow 9-11% and ordinary operating EBITDA margin expanding to about 61%. Financial guidance framework 2024-2026 For the three-year period from 2024 to 2026, the Management Board expects group revenues to grow annually at a rate of high single-digit to low double-digits and ordinary operating EBITDA margin to reach 63% by 2026. Capital Markets Day documents The presentation of today's Capital Markets Day and the replay will be available at www.scout24.com/en/investor-relations/financial-events/capital-markets-day on Next dates About Scout24 Scout24 is one of the leading digital companies in Contact for Investor Relations Vice President Group Strategy & Investor Relations Tel: +49 30 243011917 E-mail: ir@scout24.com Contact for media Tel.: +49 30 24301 1446 E-mail: mediarelations@scout24.com
Disclaimer All information contained in this release 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. Scout24 also uses alternative performance measures, not defined by IFRS, to describe the Scout24 Group’s results of operations. These should not be viewed in isolation but treated as supplementary information. Alternative performance measures used by Scout24 are defined in the corresponding place in the financial reports. The special items used to calculate some alternative performance measures arise from the integration of acquired businesses, reorganisation measures, impairment losses, gains or losses on sale resulting from divestitures and the sale of shareholdings, and other expenses and income that generally do not arise in conjunction with Scout24’s ordinary business activities. Due to rounding, numbers presented throughout this release may not add up precisely to the totals indicated, and percentages may not precisely reflect the absolute figures for the same reason.
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Language: | English |
Company: | |
Invalidenstraße 65 | |
10557 |
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E-mail: | ir@scout24.com |
Internet: | www.scout24.com |
ISIN: | DE000A12DM80 |
WKN: | A12DM8 |
Indices: | MDAX |
Listed: | Regulated Market in |
EQS News ID: | 1847411 |
End of News |
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1847411 28.02.2024 CET/CEST