Scout24 AG: Scout24 reduces debt by making the second voluntary repayment of its bank loan in 2016

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

2016-09-12 / 10:00
The issuer is solely responsible for the content of this announcement.

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Scout24 reduces debt by making the second voluntary repayment of its bank
loan in 2016

  - EUR 60 million loan repayment

  - EUR 2.1 million pa interest saving

Berlin / Munich, 12 September 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, has made a voluntary repayment towards its bank loan for the
second time this year, this time with an amount of EUR 60 million. The
repayment has reduced the total bank debt from EUR 741 million to EUR 681
million. The resulting annual interest saving is EUR 2.1 million.

The second voluntary repayment of its bank loan within six months,
emphasizes Scout24's ability of strong cash generation through its
operational activities and organic growth.

Scout24 is hereby once more improving its capital structure as well as its
financing costs and is taking another step towards its targeted leverage
ratio (ratio of net debt to ordinary operating EBITDA over the last 12
months) of 2.50:1.

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.sout24.com.


Investor Relations contact

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

Press contact

Marie Fabiunke
Head of Corporate Communications & PR
Fon: +49 30 24301 1427
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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2016-09-12 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,
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 Berlin, Frankfurt (Prime Standard);  
                Regulated Unofficial Market in Dusseldorf, Hamburg,      
                Hanover, Munich, Stuttgart, Tradegate Exchange; London   


     End of News    DGAP News Service