- Broad shareholder approval for share buybacks and a dividend of 0.85 euros per share
- CEO Tobias Hartmann reaffirms the company's mission to create transparency in the real estate market
- CFO Dr. Dirk Schmelzer highlights revenue and earnings successes and the importance of the ESG strategy
- Scout24 reports record year and sets course for further growth
Munich / Berlin, June 30th, 2022
Today's Annual General Meeting of Scout24 SE approved all resolutions proposed by the Management Board with large majorities. The voting focused, among other things, on the dividend in the volume of 66.4 million euros or 0.85 euros per share and the renewal of the authorization for further share buybacks. For the third time, the digital company hosted its Annual General Meeting as a virtual event without the physical presence of shareholders or their proxies. In total, 69.02 % of the voting share capital of Scout24 SE joined digitally.
In his speech, Chairman of the Management Board and CEO Tobias Hartmann emphasized that Scout24 sees itself as the leading digital real estate company in Germany - and that the Group is also aware of its social responsibility. Especially since the German real estate market is facing major challenges: "The topic of housing concerns all of us. And alongside the terrible events in Ukraine, it dominates the daily headlines in the German media. Unfortunately, Scout24 can't build the new homes we need, but we can help getting them to seekers in a more convenient and easier way. And we can create more transparency and improve orientation in such a tense real estate market."
Subsequently, Dr. Dirk Schmelzer, CFO of Scout24 SE, presented the very successful financial and economic development of the Group. The strategy of further diversifying the revenue structure of the Scout24 Group had made the business model more resilient and sustainable. "Key sustainability aspects are anchored in our capital market communication, our new financing and in the remuneration of the Management Board. We are thus achieving an even greater integration of ESG into our operational business development. Revenue and earnings are also growing on the back of our sustainability focus."
The record growth of 10.0 percent in 2021 to EUR 389.0 million in consolidated revenues and the quarterly growth of 15.1 percent in the first quarter of 2022 confirm the digital company's growth strategy. For the current year, the company still expects further growth of up to 12 percent.
Dr. Hans-Holger Albrecht, Chairman of the Supervisory Board, confirms the success of the strategy decisions: "The clear focus on the real estate business and the strategic measures of the past years have put us in an excellent starting position. We have expanded our portfolio with additional products, services and targeted acquisitions, which provides a good basis for strong growth in the coming years."
The reports and presentations of the Supervisory Board and Management Board were broadcast live via the Scout24 SE website. Registered shareholders were able to follow the entire Annual General Meeting via a protected Internet service. Detailed voting results and supplementary material on the Annual General Meeting are available on the website of Scout24 SE at https://www.scout24.com/en/investor-relations/annual-general-meeting.
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 listed 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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