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SCOUT24 AG (FRA:DE000A12) Scout24 AG:

Directive transparence : information réglementée

15/02/2016 07:30
DGAP-News: Scout24 AG / Key word(s): Preliminary Results Scout24 AG: 15.02.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release Scout24 AG records a successful year 2015 with continued revenue and profitability growth - Strong operating performance in line with expectations - Robust topline growth with revenues up 14.0% to EUR 393.6 million - Significant increase in profitability with ordinary operating EBITDA up 27.6% to EUR 189.6 million yielding a margin of 48.2% Berlin / Munich, 15 February 2016 - Scout24 AG ("Scout24" or "the Group"), the leading operator of digital marketplaces specializing in the real estate and automotive sectors in Germany and other selected European countries, shows continued growth in revenues and profitability based on preliminary results for the full year 2015. Preliminary Group revenues of EUR 393.6 million (2014: EUR 345.3 million) for the full year 2015 are up 14.0% year-over-year, mainly driven by the strong performance of its core businesses. Scout24 expects to achieve an ordinary operating EBITDA of EUR 189.6 million for the full year 2015 (2014: EUR 148.6 million), a 5.2 percentage points increase in margin to 48.2%, in line with guidance given in November. "2015 has been a fantastic year for us. We worked hard and demonstrated our ability to deliver sustainable and profitable revenue growth", said Greg Ellis, CEO of Scout24 Group and added: "I am confident about Scout24's attractive long term growth prospects. 2015 was already a good first step in this direction." Preliminary Group EBITDA amounts to EUR 166.9 million, affected by non-operating items of EUR 22.6 million related to IPO expenses and the reorganization and restructuring started in 2014. Capital expenditures were EUR 19.3 million. The leverage ratio of ordinary EBITDA to net debt is expected to be at 3.74x, well in line with our guidance of < 4.0x. Fourth quarter For the fourth quarter 2015, Scout24 achieved preliminary Group revenues of EUR 105.4 million, an increase of 13.8% compared to the same period last year (EUR 92.5 million) and preliminary ordinary operating EBITDA of EUR 45.0 million, up 15.4% compared to EUR 38.9 million achieved in the fourth quarter 2014. Ordinary operating EBITDA margin came in at 42.7% compared to 42.1% in the fourth quarter 2014. All figures reported herein are preliminary and unaudited. Full financial disclosure for financial year 2015, together with management guidance for the financial year 2016, will be published on 30 March 2016. Note: The figures for the year 2014 represent the sum of financials from the audited consolidated financial statements of Scout24 Holding GmbH for the short financial year from January 1, 2014 until March 31, 2014 and the financials from the audited consolidated financial statements of Asa NewCo GmbH for the period of April 1, 2014 to December 31, 2014. About Scout24 Scout24 operates leading digital classifieds platforms in Germany and other selected European countries. The main operations under the umbrella brand Scout24 are the digital marketplaces ImmobilienScout24 and AutoScout24. ImmobilienScout24 is the leading digital real estate classifieds platform in Germany, based on consumer traffic and time spent as well as customer numbers and listings. AutoScout24 is a leading automotive digital classifieds platform in Europe, in terms of unique monthly visitors and listings. Scout24's digital marketplaces are empowering people to realise their property and car-owning dreams simply, efficiently and stress-free. Further information is available at www.scout24.com Investor Relations contact Britta Schmidt Vice President Investor Relations & Treasury Tel.: +49 89 44456 3278 Email: ir@scout24.com Press contact Svenja Lahrmann Instinctif Partners Tel.: +49 221 42075 23 Email: svenja.lahrmann@instinctif.com Disclaimer: This document has been issued by Scout24 AG (the "Company" and, together with its direct and indirect subsidiaries, the "Group")) and does not constitute or form part of and should not be construed as any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision, nor does it constitute a recommendation regarding the securities of the Company or any present or future member of the Group. All information contained herein 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 press 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. This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither this document nor any copy of it may be taken or transmitted into the United States of America, its territories or possessions or distributed, directly or indirectly, in the United States of America, its territories or possessions or to any US person. By attending, reviewing or consulting the presentation to which this document relates or by accepting this document you will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this notice. Nothing in this document constitutes tax advice. Persons should seek tax advice from their own consultants or advisors when making investment decisions. --------------------------------------------------------------------------- 15.02.2016 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Scout24 AG Dingolfinger Str. 1 - 15 81673 Munich Germany Phone: +49 89 44456 - 0 Fax: +49 89 44456 - 3000 E-mail: ir@scout24.com Internet: www.scout24.com ISIN: DE000A12DM80 WKN: A12DM8 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 436943 15.02.2016