The Munich-based operator of digital marketplaces Scout 24, has announced that its Q3 group revenue has increased by 11.4 per cent to EUR 110.5 million.
The company, which specialises in real estate and automotive sectors in Germany and other European countries, has demonstrated its cash generating capabilities with its latest third quarter results.
"Scout24 achieved strong topline and profitability growth. We further cemented our strong financial position by making another EUR 60 million voluntary repayment towards the existing syndicated loan, yet maintaining financial flexibility."
Scout expects to report preliminary results for the full financial year 2016 on Monday, February 13, 2017.