Scout24 AG expects further growth in 2021
Dividend proposal again at the upper end of the long-term dividend policy
Based on the continued successful business development, the Management Board and the Supervisory Board will propose a dividend distribution of EUR 68.5 million for the financial year 2020 to this year's Annual General Meeting for approval. This corresponds to 50.0% of adjusted net income and an amount of EUR 0.70 per ordinary share (based on 97,836,291 dividend-bearing shares excluding treasury shares as of 31 December 2020). As in the previous year, the dividend proposal targets the upper end of Scout24's dividend policy, which provides for a payout between 30% and 50% of adjusted net income. The exact amount of the dividend depends on the planned capital reduction as well as share buybacks.
On 25 March 2021 at 15.00 CET, Scout24 will hold a webcast with conference call on the 2020 annual results.
Link to the live webcast (without telephone dial-in): https://webcast-eqs.com/scout2420210325
Financial analysts and investors can dial into the conference call using the following dial-in details: DE: +49 69 2222 25574 UK: +44 330 336 9125 US: +1 646-828-8143 Participant code: 3801887
Dial-in participants can follow the presentation slides live via this link: https://webcast-eqs.com/scout2420210325/no-audio
Replay of the conference is available at: https://webcast-eqs.com/scout2420210325
Next Reporting Dates
Scout24 plans to publish its results for the first quarter of the financial year 2021 on Wednesday, 12 May 2021.
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 around 13.8 million users per month, 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 residential and business real estate market.
Investor Relations contact Ursula Querette Head of Investor Relations Tel.: + 49 89 262 02 4939 E-Mail: firstname.lastname@example.org
Media Relations contact Jan Flaskamp Vice President Communications & Marketing Tel.: +49 30 24301 0721 E-Mail: email@example.com
DisclaimerAll 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.
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.
25.03.2021 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. 13-15 81675 Munich
Germany Phone: +49 89 262 02 4939 E-mail: firstname.lastname@example.org Internet: www.scout24.com ISIN: DE000A12DM80 WKN: A12DM8 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1178208 ? End of News DGAP News Service