Scout24 makes second debt repayment in 2017

Scout24 makes second debt repayment in 2017

• EUR 30 million loan repayment
• EUR 330 thousand interest saving per year

Berlin / Munich, 8 January 2018 - Scout24 AG ("Scout24" or "the Group"), the leading operator of digital marketplaces specializing in the real estate and automotive sectors in Germany and other selected European countries, has made a voluntary repayment of its revolving credit facility of EUR 30 million at the end of last year. In total, the Company has thus repaid EUR 60 million in the year 2017.

The repayment results in a reduction of total outstanding debt from the revolving credit facility from EUR 80 million to EUR 50 million and therefore decreases interest expenses by EUR 330 thousand per year on the current interest rate. At the same time, the repayment increases the available credit line of the revolving facility to EUR 150 million. This gives Scout24 greater financial flexibility.

Scout24 is hereby once more improving its capital structure as well as its financing costs, taking it another step closer to its target leverage range (ratio of net debt to ordinary operating EBITDA of the last twelve months) of 1.5:1 to 1.0:1, without restricting financial flexibility.

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 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
Fon: +49 89 44456 3278
Email: [email protected]

Media Relations

Jan Flaskamp
Vice President Communications & Marketing
Fon: +49 30 24301 0721
Email: [email protected]
 

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