Corporate News

Combination of AutoScout24 in Spain and Autocasión

DGAP-News: Scout24 AG / Key word(s): Joint Venture21.12.2018 / 13:27 The issuer is solely responsible for the content of this announcement.Combination of AutoScout24 in Spain and Autocasión- Creates a strong player in the Spanish online car sales market- Agreement enables company to take a leading market

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

21.12.2018 / 13:27
The issuer is solely responsible for the content of this announcement.


Combination of AutoScout24 in Spain and Autocasión

- Creates a strong player in the Spanish online car sales market

- Agreement enables company to take a leading market position

- Cooperation helps significantly increase user and listing numbers

Munich / Madrid, 21 December 2018 - Leading Spanish media group Vocento's automotive portal Autocasión is joining forces with the Spanish affiliate of AutoScout24. The combined business will become a strong player in the Spanish online car market.

The cooperation will help to significantly increase the number of users and listings, as well as to provide enhanced services to users and professional car dealers and improve the portal's position in the market.

With more than 110.000 vehicles on offer and more than 2,800 affiliated dealers, AutoScout24 is currently number 3 in the Spanish market. In total, AutoScout24 is the largest pan-European online car market with more than 2 million vehicles on offer and more than 50,000 affiliated dealers. The marketplace consists of used and new cars as well as motorbikes, providing dealers and other players in the automotive sector, including financial service providers, with a complete platform for online car sales. In 2018, Autscout24 Spain will make a contribution to the Scout24 Group's revenues of roughly EUR 7 million and a contribution to its ordinary operating EBTIDA of about EUR 3 million. In the future, Vocento will consolidate the results of the joint venture.

Vocento is a leading Spanish media group. Autocasión, Vocento's automotive portal provides a wide variety of classified advertisements for used cars as well as services for car buyers. With more than 2,500 professional clients and over 150,000 offers, it is the number 2 player in the Spanish market with more than 2 million unique monthly users.

For both companies, the agreement fulfils the strategic objective of joining forces in the highly competitive Spanish market in order to take a leading market position.


About Scout24
With our leading digital marketplaces ImmobilienScout24 in Germany and AutoScout24 across Europe we are inspiring people to make their best decisions on finding a home and a car. Additional services, such as credit information, the brokerage of relocation services or construction and car financing, are bundled in the Scout24 Consumer Services business division. More than 1,200 employees are working on the success of our products and services, putting the consumers' needs first in order to create a connected network for living and mobility. Scout24 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.

Investor relations

Britta Schmidt
Vice President Investor Relations & Controlling
Tel.: +49 89 44456 3278
Email: [email protected]

Media relations

Jan Flaskamp
Vice President Communications & Marketing
Tel.: +49 30 24301 0721
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



21.12.2018 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


Language:English
Company:Scout24 AG
Bothestr. 11-15
81675 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:MDAX
Listed:Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London

 
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2018-12-21
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