Scout24 AG: Scout24 comments on current media reports dealing with the strategic direction of the company

Scout24 comments on current media reports dealing with the strategic direction of the company

Munich / Berlin, 5 August 2019 - We have taken note of the publication of the letter of Elliott Advisors (UK) Limited ("Elliott"). Scout24 welcomes and values an open dialogue with all its shareholders. Over the recent months, Scout24 has engaged actively with our shareholders, including Elliott, ahead of, and following the announcement of our Strategic Roadmap on 19 July 2019, where we announced comprehensive steps aimed at strengthening our two core business areas, continuing revenue growth while simultaneously increasing operating efficiency and optimizing our capital structure.

We are looking forward to maintaining a constructive and appropriate engagement with all our shareholders.

Scout24 will release its half-year report on 13 August 2019.

About Scout24

With our leading digital marketplaces ImmobilienScout24 in Germany and Austria and AutoScout24 across Europe we are creating a connected network for living and mobility. More than 1,500 employees empower our users to find their new home or their new car quickly and easily. Individual additional services, such as the brokerage of relocation services or construction and car financing, by Scout24 Consumer Services support this purpose. Scout24 AG 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]
 

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 and/or completeness of the information 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, assumptions and other factors that could cause actual results, including but not limited to the Company's financial position or profitability, to differ materially, also adversely, from those expressed or implied by the forward-looking statements. 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 document (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 press release.