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.

 

Media relations

Jan Flaskamp

Vice President Communications & Marketing

Tel.: +49 30 24301 0721

Email: mediarelations@scout24.com