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Scout24 announces long-term outlook at Capital Markets Day

Munich / Berlin, 2 December 2021 – Scout24 SE is pursuing its growth path and announces a positive outlook for 2022 and beyond at its virtual Capital Markets Day. The Management expects Scout24’s profitable growth to continue. Accordingly, Group revenue is expected to increase between 11% and 12% in 2022. At the same time, the Group's ordinary operating EBITDA is expected to grow between 6% and 8%. For 2023 and beyond, Scout24 plans to achieve revenue growth and an increase in ordinary operating EBITDA in the double-digit percentage range. Until 2026, the Management expects average annual revenue growth of around 12%. The outlook takes into account the ongoing digitisation in the German real estate market for both professional and private customers.

"Since the Capital Markets Day 2019, we have made significant progress to build a digital ecosystem for real estate transactions. Today, ImmoScout24 is already much more than a mere classifieds platform. With an accelerated product roll-out, we are helping our customers to execute all transactions around real estate in a more efficient and digital way. This is the focus of our future growth," comments Tobias Hartmann, CEO of Scout24 SE.

"We want to increase our revenue in the double-digit percentage range also beyond 2022. During that timeframe, earnings growth will accelerate again. Our growth formula thus creates added value for our customers and for our shareholders," says Dirk Schmelzer, CFO of Scout24 SE.

About Scout24

Scout24 is one of the leading digital companies in Germany. With the digital marketplace ImmoScout24, for residential and commercial real estate, we successfully bring together homeowners, real estate agents, tenants, and buyers - and we have been doing so for more than 20 years. With more than 20 million users per month on the website or in the app, ImmoScout24 is the market leader for digital real estate listing and search. To digitise the process of real estate transactions, ImmoScout24 is continually developing new products and building up an ecosystem for renting, buying, and commercial real estate in Germany and Austria. Scout24 is a European stock corporation (ISIN: DE000A12DM80, Ticker: G24) and member of the MDAX and the DAX50 ESG. Further information is available on Twitter and LinkedIn. Since 2012, ImmoScout24 has also been active in the Austrian real estate market.

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All information contained in this document has been carefully prepared. However, no liability of any kind is assumed for the information contained herein and/or 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, 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.

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