Scout24 Announces Solid Growth for Fiscal Year 2023 and Positive Outlook for 2024

Scout24 SE closed the 2023 financial year with significant progress, recording a 14% growth in revenue and a 21% increase in ooEBITDA, achieving a margin of 60%. The company anticipates a continuation of this growth and an improvement in its operating margin for 2024.

Group revenues increased by 13.8% in 2023, with strong performance in the real estate agent and private subscription segments. ooEBITDA also increased, meeting annual guidance by a margin of 59.7%. Adjusted earnings per share increased by 32.1% to EUR 2.52 for the 2023 financial year.

The year was marked by the strategic acquisition of Sprengnetter and the company's 25th anniversary, highlighting Scout24's growing relevance in an evolving market. Despite the challenges inherent in an environment of high inflation and rising interest rates, demand for Scout24's key products has remained strong.

Preliminary results for the final quarter of 2023 show robust growth across all segments, with a particular focus on subscriptions and professional services. This performance underlines Scout24's operational efficiency and its ability to adapt to a changing market environment.