Scout24 AG: ImmobilienScout24 further strengthens its position in Germany and Austria via bolt-on acquisitions

DGAP-News: Scout24 AG / Key word(s): Strategic Company Decision/Takeover

2016-06-09 / 12:00
The issuer is solely responsible for the content of this announcement.

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ImmobilienScout24 further strengthens its position in Germany and Austria
via bolt-on acquisitions

  - ImmobilienScout24 continues to pursue its strategy of content
    leadership

  - Acquisitions of my-next-home.de and immodirekt.at strengthen offer and
    customer base in Germany and Austria

  - Bolt-on acquisitions in line with growth strategy

Berlin / Munich, 9 June 2016 - ImmobilienScout24, Germany's leading online
marketplace for real estate and one of the leading real estate marketplaces
in Austria and subsidiary of Scout24 AG,  expands its offer base and
strengthens its market position in Germany by the acquisition of my-next-
home.de and in Austria by the acquisition of immodirekt.at. The
acquisitions took effect on June 1, 2016. The total purchase price of both
acquisitions is in the low single-digit million EUR range.

My-next-home.de is a regionally focused real estate classifieds portal in
Germany with a leading position in the region of Saarland. It has approx.
16 thousand listings on its site, around 400 professional customers and
yearly revenues of around 400 thousand EUR.

Immodirekt.at is a long established real estate classifieds platform in
Austria with a well-known brand. It has an offer base of around 30 thousand
listings, a customer base of approx. 500 real estate professionals and
generates around 600 thousand EUR revenues per year.

"Both transactions are fully in line with our strategy of building listings
content leadership along with a large online audience to be a leading
partner for private and professional real estate advertisers.  We expect
both my-next-home.de and immodirekt.at to enhance our value proposition for
both customers and consumers and to strengthen our existing regional market
position in their respective markets.  We are delighted to welcome both
companies into Scout24 group and look forward to building on what they have
already achieved", said Seth Schelin, Senior Vice President Business
Development of Scout24 AG.

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.

About Immobilienscout24

ImmobilienScout24 is the leading online marketplace for private and
commercial real estate in Germany and a leading real estate marketplace in
Austria. The portal enables people to realise their real estate dreams
simply, efficiently and without any stress. ImmobilienScout24 successfully
brings commercial real estate sellers, owners and potential tenants and
buyers together. ImmobilienScout24 is part of the Scout24 Group, which
operates leading digital marketplaces in the real estate and automotive
sectors in Germany and other selected European countries. For more
information, visit
immobilienscout24.de or immobilienscout24.at.

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:

All information contained in this document 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 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.


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2016-06-09 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.

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Financial/Corporate News and Press Releases.
Archive at 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