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 operat-ing 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.
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.
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.
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
Vice President Investor Relations & Treasury
Tel.: +49 89 44456 3278
Instinctif Partners Tel.: +49 221 42075 23