Financial Outlook

31.10.2024: Narrowed outlook for 2024

Based on the strong business performance in the first nine months of 2024, the current guidance, both for revenue growth and ordinary operating EBITDA margin, was narrowed towards the upper end.

Upper end of the guidance for revenue and ordinary operating EBITDA margin:
9-11%
Revenue growth 2024
about 61%
Ordinary operating EBITDA margin expansion 2024

Consistent with the strategic direction presented at the Capital Markets Day in February 2024, the Scout24 Group is expanding its product range and driving forward the digitisation of real estate transactions for all market participants within a real estate ecosystem. In this way, Scout24 offers a diversified product portfolio that creates added value for customers and users in a variety of market situations. Based on this and the further development of the business model, the Management Board expects the Group’s growth momentum and operating economies of scale to continue in 2024. With the publication of the results of the first nine months of 2024, the Management Board narrowed its current guidance for the 2024 financial year (revenue growth of 9-11% as well as an increase in ordinary operating EBITDA margin to about 61%) towards the upper end. Overall, the main focus will be on increasing earnings power in absolute terms (measured by ordinary operating EBITDA) and improving profitability (measured by the corresponding margin).

Last update: 31 October 2024

Financial outlook for 2024-2026

The updated interconnectivity strategy forms the basis for continued sustainable growth and scalability for the period 2024-2026.

high single-digit to low double-digit percentage range

Revenue growth 2024-2026

63%
Ordinary operating EBITDA margin expansion in 2026

Last update: 28 February 2024

“In recent years, we have invested in our products and technologies while building a stronger foundation. We have also been able to generate attractive returns for our shareholders through dividends and share buybacks and significantly increase our adjusted earnings per share. Our financial guidance until 2026 reflects our stated goal of achieving attractive sales growth while further increasing our profitability.”

Dr. Dirk Schmelzer, Chief Financial Officer of Scout24 SE

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