EQS-Adhoc: Scout24 SE increases guidance for EBITDA growth from ordinary activities to 19-21% and updates revenue growth to c. 14% for fiscal year 2023

Munich, 1 November 2023

The Management Board of Scout24 SE ("Company") decided in its meeting today to increase its guidance for consolidated EBITDA growth from ordinary activities¹ for the financial year 2023 from 18-19% to a range of 19-21% compared to the financial year 2022. In addition, the Management Board is updating its guidance for revenue growth in fiscal year 2023 from c. 15% to c. 14% compared to fiscal year 2022.

On 6 August 2023, the Company had forecast consolidated revenue growth of c. 15% and consolidated EBITDA growth from ordinary activities of 18-19% for the financial year 2023.

The adjustment of the forecast of EBITDA growth from ordinary activities for the year 2023 to a range of 19-21% for the Scout24 Group takes into account the strong positive effects of efficiency measures in various business areas.

As the recovery of the transaction business is slower, the Management Board adjusts its forecast for revenue growth from c. 15% to c. 14%.

The Company will publish its financial report for the third quarter of 2023 and the first nine months of fiscal year 2023 as scheduled on 2 November 2023.

The Management Board

Notifying person and contact person for Investor Relations

Filip Lindvall 
VP Group Strategy & Investor Relations 
Tel.: +49 30 24301 1917
E-Mail: ir@scout24.com 

¹EBITDA from ordinary activities corresponds to EBITDA adjusted for non-operating effects, mainly expenses for share-based payments, M&A activities (realised and unrealised), reorganisation and other non-operating effects.