Scout24 AG: Scout24 faces the current market turbulence with strength after a successful 2019 financial year
For the 2019 financial year, the Management Board has proposed a dividend of EUR 0.90 per share to the Supervisory Board. This corresponds to approximately 50% of the adjusted net profit (2019: EUR 1.77 per share) and a total dividend payout amount of EUR 94.3 million.Use of the expected sales proceeds
Scout24 plans to return capital from the proceeds of the AutoScout24 sale, to be received in the first half of 2020, to its shareholders. In addition to the aforementioned dividend payment, share buybacks in the amount of circa EUR 1.7 billion are planned for this purpose over the next twelve to fifteen months. For more detail, please refer to the ad-hoc announcement of 25 March 2020. Furthermore, debt in the amount of up to EUR 780 million is planned to be repaid. Coronavirus pandemic leads to suspension of annual guidance
The consequences of the coronavirus pandemic for the economic development in Germany are currently not fully predictable. However, Scout24 already sees burdens on many of its business partners and therefore expects a decline in business activities. Against this background, the Management Board last week launched an immediate-action programme to support both professional customers and private listers. This means that our previously communicated revenue growth rate of 6-8% for 2020 would not be achievable anymore. In light of this, the Management Board has decided to suspend the guidance for 2020.
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 UK: +44 330 336 9411 USA: +1 646 828 8193 Participant PIN code: 6101891
Webcast link: https://webcasts.eqs.com/scout2420200326/no-audio (no audio, slides only)
A replay of the conference call will be made available at: https://webcasts.eqs.com/scout2420200326Next dates
On Thursday, 14 May 2020, Scout24 plans to publish the results for the first quarter of the financial year 2020.About Scout24
Scout24 is one of the leading digital companies in Germany. With ImmoScout24, an online platform for residential and commercial real estate, we successfully bring together owners, realtors, tenants, and buyers to make complex decisions easy - and we have been doing so for more than 20 years. With around 14 million users per month, ImmoScout24 is the market leader for digital real estate marketing 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. Scout24 is a listed stock corporation (ISIN: DE000A12DM80, Ticker: G24) and member of the MDAX. Further information is available on Twitter and LinkedIn. Since 2012, ImmoScout24 has also been active in the Austrian real estate market, reaching around 3 million users monthly.Investor Relations Ursula Querette Head of Investor Relations Tel.: +49 89 44456 3278 E-Mail: email@example.comMedia Relations Jan Flaskamp Vice President Communications & Marketing Tel.: +49 30 24301 0721 E-Mail: firstname.lastname@example.orgDisclaimerAll 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 and/or completeness of the information 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.
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 Management Report 2019 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. Information on the quarterly financials has not been subject to audit and is thus preliminary.
26.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Scout24 AG Bothestr. 11-15 81675 Munich
Germany Phone: +49 89 44456 - 0 Fax: +49 89 44456 - 3000 E-mail: email@example.com Internet: www.scout24.com ISIN: DE000A12DM80 WKN: A12DM8 Indices: MDAX Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London EQS News ID: 1007399 End of News DGAP News Service