Scout24 Reports Strong 2023 Financials and Outlines Future Growth Strategies

Scout24, the renowned digital market operator, has unveiled its combined annual report for 2023, incorporating a non-financial statement and reinforcing its financial guidance for 2024 to 2026. Notably, the company confirmed a 13.8% revenue growth, reaching EUR 509.1 million, alongside an impressive 21.0% increase in ordinary operating EBITDA, culminating in a 59.7% margin. This financial uptick aligns with the preliminary results announced earlier on 28 February.

Amid these financial achievements, Scout24 proposes a 20% enhanced dividend of EUR 1.20 per share, reflecting its robust fiscal position. Additionally, the company has initiated a share buy-back program amounting to EUR 50 million, aiming to optimize shareholder returns. Highlighting its commitment to environmental responsibility, Scout24 reported a significant 76% reduction in CO2e emissions from its 2018 baseline.

Focusing on strategic growth, Scout24 emphasizes its evolution beyond a conventional marketplace, attributing revenue expansion primarily to the robust demand for ImmoScout24's core offerings. The company's future growth is anchored on an interconnectivity strategy, leveraging AI to merge relevant object data with classifieds for more efficient stakeholder matchmaking. This approach is detailed in Scout24's inaugural integration of its non-financial statement and annual report, underscoring a steadfast commitment to environmental, social, and governance (ESG) objectives.

The report not only reflects on the company's financial prowess but also outlines its strategic blueprint and ESG initiatives, aiming for sustainable growth. With a forward-looking stance, Scout24 confirms its growth and operating margin guidance for the coming years, bolstering shareholder confidence. Furthermore, the management and Supervisory Board anticipate a continuous trajectory of profitable growth, thereby recommending a 20% increase in dividend per share to the Annual General Meeting.