Financial Highlights

12-month period ended
(in EUR million) 31/12/2015 31/12/2016 31/12/2017 restated3 31/12/20184
External revenues 393.6 442.1 472.6 531.7
- Share of IS24 266.7 284.6 235.9 250.0
- Share of AS24 120.7 152.0 158.7 181.5
- Share of CS - - 77.6 100.1
Ordinary operating EBITDA1 189.6 224.5 252.8 291.5
Ordinary operating EBITDA margin1 48.2% 50.8% 53.5% 54.8%
EBITDA 166.9 206.8 232.8 257.3
Capital expenditure5 19.3 19.5 22.8 28.3

1 Ordinary operating EBITDA refers to EBITDA adjusted for non-operating effects, which mainly include restructuring expenses, expenses in connection with the company's capital structure and company acquisitions (realised and unrealised), costs for strategic projects as well as effects on profit or loss from share-based payment programmes. The ordinary operating EBITDA margin of a segment is defined as ordinary operating EBITDA as a percentage of external segment revenue. 

2 EBITDA is defined as profit before financial results, income taxes, depreciation and amortization, impairment write-downs and the result of sales of  subsidiaries.

3 2014 figures 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 audited consolidated financial statements of Asa NewCo GmbH for the short financial year from April 1, 2014 until December 31, 2014.

3 IFRS 15 is applied per 1st January 2018. FY 2017 figrues have been restated for IFRS 15. Also, 2017 have been restated for the 3 vertical reporting structure by adding Consumer Services (CS) as new vertical. 

The earnings of FINANZCHECK.de are included in the financial figures of Scout24 AG as of 1 September. FINANZCHECK.de is allocable to the Scout24 Consumer Services segment. The contribution to revenue for the financial year 2018 amounts to EUR 12.3 million, while the contribution to ordinary operating EBITDA is a negative EUR 2.0 million.

5 Capital expenditure (adjusted) does not include capital expenditure made due to the application of IFRS 16 in the financial year 2018. Total additions of EUR 37.1 million were recognised in the balance sheet in the financial year 2018 due to the application of IFRS 16.