Scout24 Distributes $69.4 Million in Dividends

July 5, 2022
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Scout24 SE, parent company of German real estate giant ImmoScout24, has agreed to distribute €66.4 million in dividends, or €0.85 per share.

Its annual general meeting (AGM) also met shareholder approval for further share buybacks.

Other highlights include:

  • Distributed profit of over €1.5bn
  • consolidated revenue growth of 10.0% in 2021 to €389 million (15%  Q1 22), and expected growth of up to 12% for 2022 overall
  • Shareholders approved all of the resolutions proposed by the management board with large majorities
  • CEO Tobias Hartmann said that Scout24 sees itself as the leading digital real estate company in Germany

Scout24’s windfall dividends reflect steadily increasing revenues in the past two years, with the company’s success attracting attention for a rumoured private takeover bid.

 

Scout24 is no doubt attractive to investors not only for its leading position in the German real estate market but also thanks to its diversified revenue stream. The company has undergone a transformation over the last two years and now has a suite of products that monetize all customer types in German real estate transactions.

July 5, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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