Scout24 AG: Scout24 uses its positive financial position for a voluntary prepayment of its bank loan

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

2016-04-06 / 15:11
The issuer is solely responsible for the content of this announcement.

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Scout24 uses its positive financial position for a voluntary prepayment of
its bank loan

  - EUR 40 million loan repayment

  - EUR 1.5 million p.a. interest saving

Berlin / Munich, 6 April 2016 - Due to its positive financial position
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 decided to make a
voluntary repayment towards its bank loan of EUR 40 million. The repayment
has reduced the total band debt from EUR 781.0 million to EUR 741.0
million. Consequently, the annual interest expense will be reduced by EUR
1.5 million.

Moreover, the repayment also underlines the strong financing capacity of
Scout24's operating activities, which can also be used for further debt
reductions in the future.

Scout24 is hereby improving its capital structure as well as its financing
costs and is taking another step towards its target leverage ratio (ratio
of ordinary operating EBITDA of the last twelve months to net debt) 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.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.

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.


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2016-04-06 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.
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