DGAP-News: Scout24 AG / Key word(s): Miscellaneous
Scout24 AG supports customers with a comprehensive immediate-action programme: Survive, Prevent, Accelerate
Munich / Berlin, 20 March 2020
"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.
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
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.
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