MUNICH / LONDON (IT BOLTWISE) – Scout24, the operator of the online marketplace Immoscout24, has significantly increased its sales and operating result. Despite this positive development, the share price fell slightly. The company has clarified its outlook for the full year and expects continued double-digit growth.
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Scout24, known as the operator of the leading online marketplace Immoscout24, achieved impressive financial results in the third quarter of the year. Sales rose by 15 percent to 166 million euros, while organic growth was 11.1 percent. These figures underline the company’s strength in a competitive market environment.
The operating result, measured by EBITDA from ordinary business activities, also increased by 15 percent to 104 million euros. The margin remained stable at 62.9 percent, which was slightly below analysts’ expectations of 63.1 percent. Nevertheless, this shows Scout24’s ability to remain profitable despite challenges in the market environment.
There was a notable increase in profit after tax, which more than doubled to 101.5 million euros. This increase is mainly due to a one-off gain of 43 million euros from the revaluation of deferred taxes. This reassessment became necessary because German legislation provides for a reduction in the corporate tax rate from 2028.
Scout24 has forecast sales growth of 14 to 15 percent for the current year and is now aiming for the middle to upper range of this range. The EBITDA margin is expected to be at the upper end of the forecast 70 basis points. Despite these positive prospects, Scout24’s share price fell by 0.81 percent to 97.55 euros.
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