Combination of AutoScout24 in Spain and Autocasión

Combination of AutoScout24 in Spain and Autocasión

- Creates a strong player in the Spanish online car sales market

- Agreement enables company to take a leading market position

- Cooperation helps significantly increase user and listing numbers

Munich / Madrid, 21 December 2018 - Leading Spanish media group Vocento's automotive portal Autocasión is joining forces with the Spanish affiliate of AutoScout24. The combined business will become a strong player in the Spanish online car market.

The cooperation will help to significantly increase the number of users and listings, as well as to provide enhanced services to users and professional car dealers and improve the portal's position in the market.

With more than 110.000 vehicles on offer and more than 2,800 affiliated dealers, AutoScout24 is currently number 3 in the Spanish market. In total, AutoScout24 is the largest pan-European online car market with more than 2 million vehicles on offer and more than 50,000 affiliated dealers. The marketplace consists of used and new cars as well as motorbikes, providing dealers and other players in the automotive sector, including financial service providers, with a complete platform for online car sales. In 2018, Autscout24 Spain will make a contribution to the Scout24 Group's revenues of roughly EUR 7 million and a contribution to its ordinary operating EBTIDA of about EUR 3 million. In the future, Vocento will consolidate the results of the joint venture.

Vocento is a leading Spanish media group. Autocasión, Vocento's automotive portal provides a wide variety of classified advertisements for used cars as well as services for car buyers. With more than 2,500 professional clients and over 150,000 offers, it is the number 2 player in the Spanish market with more than 2 million unique monthly users.

For both companies, the agreement fulfils the strategic objective of joining forces in the highly competitive Spanish market in order to take a leading market position.

About Scout24
With our leading digital marketplaces ImmobilienScout24 in Germany and AutoScout24 across Europe we are inspiring people to make their best decisions on finding a home and a car. Additional services, such as credit information, the brokerage of relocation services or construction and car financing, are bundled in the Scout24 Consumer Services business division. More than 1,200 employees are working on the success of our products and services, putting the consumers' needs first in order to create a connected network for living and mobility. Scout24 is listed on the Frankfurt Stock Exchange (ISIN: DE000A12DM80, G24). For further information, please visit www.scout24.com, our Corporate Blog and Tech Blog, or follow us on Twitter and LinkedIn.

Investor relations

Britta Schmidt
Vice President Investor Relations & Controlling
Tel.: +49 89 44456 3278
Email: [email protected]

Media relations

Jan Flaskamp
Vice President Communications & Marketing
Tel.: +49 30 24301 0721
Email: [email protected]

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