Scout24 AG:

DGAP-News: Scout24 AG / Key word(s): Preliminary Results

2016-02-15 / 07:30
The issuer is solely responsible for the content of this announcement.

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Press Release 

Scout24 AG records a successful year 2015 with continued revenue and
profitability growth

  - Strong operating performance in line with expectations

  - Robust topline growth with revenues up 14.0% to EUR 393.6 million

  - Significant increase in profitability with ordinary operating EBITDA up
    27.6% to EUR 189.6 million yielding a margin of 48.2%

Berlin / Munich, 15 February 2016 - Scout24 AG ("Scout24" or "the Group"),
the leading operator of digital marketplaces specializing in the real
estate and automotive sectors in Germany and other selected European
countries, shows continued growth in revenues and profitability based on
preliminary results for the full year 2015.

Preliminary Group revenues of EUR 393.6 million (2014: EUR 345.3 million)
for the full year 2015 are up 14.0% year-over-year, mainly driven by the
strong performance of its core businesses. Scout24 expects to achieve an
ordinary operating EBITDA of EUR 189.6 million for the full year 2015
(2014: EUR 148.6 million), a 5.2 percentage points increase in margin to
48.2%, in line with guidance given in November.

"2015 has been a fantastic year for us. We worked hard and demonstrated our
ability to deliver sustainable and profitable revenue growth", said Greg
Ellis, CEO of Scout24 Group and added: "I am confident about Scout24's
attractive long term growth prospects. 2015 was already a good first step
in this direction."

Preliminary Group EBITDA amounts to EUR 166.9 million, affected by
non-operating items of EUR 22.6 million related to IPO expenses and the
reorganization and restructuring started in 2014. Capital expenditures were
EUR 19.3 million. The leverage ratio of ordinary EBITDA to net debt is
expected to be at 3.74x, well in line with our guidance of < 4.0x.

Fourth quarter

For the fourth quarter 2015, Scout24 achieved preliminary Group revenues of
EUR 105.4 million, an increase of 13.8% compared to the same period last
year (EUR 92.5 million) and preliminary ordinary operating EBITDA of EUR
45.0 million, up 15.4% compared to EUR 38.9 million achieved in the fourth
quarter 2014. Ordinary operating EBITDA margin came in at 42.7% compared to
42.1% in the fourth quarter 2014.

All figures reported herein are preliminary and unaudited. Full financial
disclosure for financial year 2015, together with management guidance for
the financial year 2016, will be published on 30 March 2016.

Note:
The figures for the year 2014 represent the sum of financials from the
audited consolidated financial statements of Scout24 Holding GmbH for the
short financial year from January 1, 2014 until March 31, 2014 and the
financials from the audited consolidated financial statements of Asa NewCo
GmbH for the period of April 1, 2014 to December 31, 2014.

About Scout24

Scout24 operates leading digital classifieds platforms in Germany and other
selected European countries. The main operations under the umbrella brand
Scout24 are the digital marketplaces ImmobilienScout24 and AutoScout24.
ImmobilienScout24 is the leading digital real estate classifieds platform
in Germany, based on consumer traffic and time spent as well as customer
numbers and listings. AutoScout24 is a leading automotive digital
classifieds platform in Europe, in terms of unique monthly visitors and
listings. Scout24's digital marketplaces are empowering people to realise
their property and car-owning dreams simply, efficiently and stress-free.
Further information is available at www.scout24.com

Investor Relations contact

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

Press contact 

Svenja Lahrmann
Instinctif Partners
Tel.: +49 221 42075 23
Email: [email protected]

Disclaimer:

This document has been issued by Scout24 AG (the "Company" and, together
with its direct and indirect subsidiaries, the "Group")) and does not
constitute or form part of and should not be construed as any offer or
invitation to sell or issue, or any solicitation of any offer to purchase
or subscribe for, any securities of the Company, nor shall any part of it
nor the fact of its distribution form part of or be relied on in connection
with any contract or investment decision, nor does it constitute a
recommendation regarding the securities of the Company or any present or
future member of the Group.

All information contained herein has been carefully prepared. However, no
reliance may be placed for any purposes whatsoever on the information
contained in this document or on 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 press 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 and assumptions that could cause actual results or
events to differ materially from those expressed or implied by the
forward-looking statements. These risks, uncertainties and assumptions
could adversely affect the outcome and financial effects of the plans and
events described herein. 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 press release (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 document.

This document is not an offer of securities for sale in the United States
of America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. Neither this document nor any copy
of it may be taken or transmitted into the United States of America, its
territories or possessions or distributed, directly or indirectly, in the
United States of America, its territories or possessions or to any US
person.

By attending, reviewing or consulting the presentation to which this
document relates or by accepting this document you will be taken to have
represented, warranted and undertaken that you have read and agree to
comply with the contents of this notice.

Nothing in this document constitutes tax advice. Persons should seek tax
advice from their own consultants or advisors when making investment
decisions.


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2016-02-15 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de

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   Language:    English                                                     
   Company:     Scout24 AG                                                  
                Dingolfinger Str. 1 - 15                                    
                81673 Munich                                                
                Germany                                                     
   Phone:       +49 89 44456 - 0                                            
   Fax:         +49 89 44456 - 3000                                         
   E-mail:      [email protected]                                              
   Internet:    www.scout24.com                                             
   ISIN:        DE000A12DM80                                                
   WKN:         A12DM8                                                      
   Indices:     SDAX                                                        
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated   
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,  
                Munich, Stuttgart, Tradegate Exchange                       


     End of News    DGAP News Service