Corporate News

Scout24 AG: Annual General Meeting approves first dividend payment since IPO

DGAP-News: Scout24 AG / Key word(s): AGM/EGM08.06.2017 / 14:02 The issuer is solely responsible for the content of this announcement.Scout24 AG: Annual General Meeting approves first dividend payment since IPOBerlin, 8 June 2017 - The Annual General Meeting of Scout24 AG ("Scout24", "the Company"

DGAP-News: Scout24 AG / Key word(s): AGM/EGM

08.06.2017 / 14:02
The issuer is solely responsible for the content of this announcement.


Scout24 AG: Annual General Meeting approves first dividend payment since IPO

Berlin, 8 June 2017 - The Annual General Meeting of Scout24 AG ("Scout24", "the Company" or together with its subsidiaries "the Group") took place in Berlin today. At the Meeting, shareholders representing more than 72% of Scout24 AG's total share capital of 107,600,000 shares, were present. A key resolution referred to the first dividend payment by Scout24 since its IPO in October 2015, underlining the sound operating performance and sustainably strong financial position of the Group.

"Following a record year 2015, the Scout24 Group increased both its revenues and profitability in 2016. Based on this strong operating performance and strong cash generation, we have made rapid progress in deleveraging our balance sheet, and have thus reached our target leverage ratio faster than expected. Our operational strength is also reflected in the good refinancing conditions achieved at the end of last year, which have had an additional positive impact on our financial flexibility. As a consequence, we are able to distribute a dividend to our shareholders this year, earlier than originally planned", said Christian Gisy, CFO of Scout24 AG, in his summary of the Group's current financial position.

In addition, shareholders adopted the following resolutions:

  • Resolution on formal approval of the acts (Entlastung) of the members of the Executive Board for the financial year 2016
  • Resolution on formal approval of the acts of the members of the Supervisory Board for the financial year 2016
  • Election of the auditor and Group auditor for the financial year 2016
  • Authorization to purchase and use treasury shares
  • Election of members of the Supervisory Board
  • Change of Supervisory Board remuneration system

The address by CEO Greg Ellis focused on the evolution of the business model from a classifieds portal to a comprehensive market network. In this way, the Company is responding to changing market conditions and customer requirements in the digital world. Against this backdrop, the Management Board sees significant further growth potential for Scout24 along the entire value chain.

All resolutions of the Annual General Meeting were adopted by a great majority. The detailed voting results and the presentation on Agenda Item 1 are available for download on the Company's website at www.scout24.com/general-meeting.


About Scout24

With our leading digital marketplaces ImmobilienScout24 and AutoScout24 in Germany and across Europe we are inspiring people to make their best decisions on finding a home and a car. More than 1,000 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 http://www.scout24.com/, our Corporate Blog and Tech Blog, or follow us on Twitter and LinkedIn.

Investor Relations

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

Media Relations

Marie Fabiunke
Head of Corporate Communications & PR
Tel.: +49 30 24301 1427
E-Mail: [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.



08.06.2017 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.
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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 Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London

 
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