Berlin / Munich, 5 June 2018 –
- Company reaches another milestone in its history
- CEO Greg Ellis: "Scout24 is in excellent shape. We are proud to be promoted to the next stock market league."
- CFO Christian Gisy: "Membership of the MDAX will be of great benefit to the publicity and development of our shares, and thus also to our shareholders.”
Scout24 has qualified for the MDAX with the continuously increased stock exchange turnover of its shares over the past months and with its market capitalisation. Scout24's inclusion in the MDAX marks another milestone in its corporate history: Less than three years after the IPO, the Group is listed in the index of the 50 largest companies below the DAX.
"Scout24 is in excellent shape. With record sales and earnings figures and a high level of financial strength that supports our sustained growth, we are in an excellent position. Following successful diversification of financing and the first dividend payment, we are proud of our promotion to the next stock market league," says Greg Ellis, CEO of Scout24.
"Admission to the MDAX was already our declared goal when we went public. In view of the necessary market capitalisation, we have qualified for the index since the end of January 2016. Now we have also achieved the necessary stock exchange turnover for this leap. Membership in the MDAX will greatly benefit the publicity and development of our share and thus also our shareholders," says Christian Gisy, CFO of Scout24.
Scout24 has been listed on the Frankfurt Stock Exchange since 1 October 2015. The share has been listed in the S-DAX since December 2015. After the financial investor Hellman & Friedman sold its last block of shares in mid-February 2018, the free float of Scout24 shares amounts to almost 100 percent.
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. Additional services, such as credit information, the brokerage of relocation services or construction and car financing, are bundled in the Scout24 Consumer Services business division. More than 1,200 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.
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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 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 and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. 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 press release (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 document.
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 material 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 Annual Report 2017 which is available at www.scout24.com/financial-reports.
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.