Corporate News

Scout24 AG supports customers with a comprehensive immediate-action programme: Survive, Prevent, Accelerate

DGAP-News: Scout24 AG / Key word(s): Miscellaneous20.03.2020 / 12:55 The issuer is solely responsible for the content of this announcement.Scout24 AG supports customers with a comprehensive immediate-action programme: Survive, Prevent, Accelerate Professional customers are granted a payment deferral

DGAP-News: Scout24 AG / Key word(s): Miscellaneous
20.03.2020 / 12:55
The issuer is solely responsible for the content of this announcement.

Scout24 AG supports customers with a comprehensive immediate-action programme: Survive, Prevent, Accelerate

  • Professional customers are granted a payment deferral of up to nine months.
  • Private listers can advertise on ImmoScout24 free of charge for one month from March 27th.
  • ImmoScout24 will support current real estate agent customers with additional free mandates.

Munich / Berlin, 20 March 2020

Scout24 AG, which operates with ImmoScout24 the largest digital real estate marketplace in Germany, today announced a comprehensive immediate-action programme to support its customers in the corona crisis.

Highlights of the immediate-action programme

  • Surviving the crisis - "Liquidity plus": from April 1st, ImmoScout24 will grant all professional customers a nine-month extension of payment for their monthly invoice. The April invoice is therefore only due at the end of the year.
  • Preventing standstill - "Listings plus": as an attractive and multi-facetted marketplace, private real estate listings can be advertised free of charge starting on 27 March 2020. This action is initially valid for a period of 4 weeks.
  • Accelerating a new start - "Leads plus": as soon as the current crisis phase will be overcome, ImmoScout24 will make additional free mandate acquisition leads available to current agent customers as part of a separate campaign.

"This programme is designed to help mitigate the impact of the crisis for our customers. Together with them, we want to continue to develop the real estate industry as an important growth sector for Germany in the future. We will continue to drive the digitization of real estate transactions via our networked marketplace. Now, however, we need to provide the best possible support for our customers, partners and users. Our immediate-action programme is clearly contributing towards this. This is the right step at the right time," says Tobias Hartmann, CEO of Scout24 AG.

"We want to strengthen the liquidity situation of our customers in the short term. We are convinced that our immediate-action programme is also in the interest of our shareholders in the medium to long term. This is primarily an investment to strengthen our customer relationship and will, according to current estimates, cost us around EUR 10 million in revenues," adds Dirk Schmelzer, CFO of Scout24 AG.

Since 16 March, Scout24 has been bundling recommendations and announcements on the current corona crisis for all marketplace participants at https://www.immobilienscout24.de/lp/covid19.html. Here, customers are also offered to add 360-degree tours free of charge to their real estate listings. Since 2018, customer profiles and Premium Memberships have already included the option of sending digital images and documents, a digital application folder, a digital credit check and digital applicant management.

Next dates
On 26 March 2020, Scout24 will publish the final annual report 2019 and the sustainability report 2019 simultaneously. To this end Scout24 has launched a website: report.scout24.com.

On 26 March 2020, 3 p.m. CET, Scout24 will host a conference call and webcast for financial analysts and investors. Dial-in will be under the following numbers:

DE: +49 69 2222 2018
UK: +44 330 336 9411
USA: +1 646 828 8193
Participant PIN code: 6101891

The webcast, as well as a replay of the conference call, will be made available at:
webcasts.eqs.com/scout2420200326

About Scout24
With our leading digital marketplaces ImmoScout24 in Germany and Austria and AutoScout24 across Europe, we are creating a networked marketplace for living and mobility. With more than 1,500 employees we empower our users to find their new home or their new car quickly and easily. Besides, we offer additional services, such as the brokerage of relocation services or housing and car financing. Scout24 AG is a publicly listed stock corporation and member of the MDAX. For further information, please visit www.scout24.com, our Corporate Blog and Tech Blog or follow us on Twitter and LinkedIn.

Investor Relations
Ursula Querette
Head of Investor Relations
Tel.: +49 89 44456 3278
E-Mail: [email protected]

Media Relations
Jan Flaskamp
Vice President Communications & Marketing
Tel.: +49 30 24301 0721
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 and/or completeness of the information 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, assumptions and other factors that could cause actual results, including but not limited to the Company's financial position or profitability, to differ materially, also adversely, from those expressed or implied by the forward-looking statements. 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 document (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 press release.

Scout24 also uses alternative performance measures, not defined by IFRS, to describe the Scout24 Group's results of operations. These should not be viewed in isolation, but treated as supplementary information. The special items used to calculate some alternative performance measures arise from the integration of acquired businesses, restructuring measures, impairments, gains or losses resulting from divestitures and sales of shareholdings, and other expenses and income that generally do not arise in conjunction with Scout24's ordinary business activities. Alternative performance measures used by Scout24 are defined in the "Glossary" section of Scout24's Group Interim Report 2019 which is available at www.scout24.com/finanzberichte.

Due to rounding, numbers presented throughout this statement may not add up precisely to the totals indicated, and percentages may not precisely reflect the absolute figures for the same reason. Information on the quarterly financials has not been subject to audit and is thus preliminary.



20.03.2020 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
EQS News ID:1002881

 
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2020-03-20
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