Scout24 Increases Shareholder Dividend by 20% and Appoints Andrea Euenheim at AGM

June 7, 2024
Share this Post: 

The German real estate portal operator Scout24 held its Annual General Meeting this week. Resolutions passed by the company's board included:

  • A dividend of €1.20 per share.
  • Andrea Euenheim was elected to the board following Dr Elke Frank's resignation.
  • Renewed authorization for share buybacks.

Scout24 saw revenue increase 14% year-on-year for 2023 while EBITDA rose 21%. The approved dividend represents a 20% rise compared to the money given out to shareholders following last year's AGM.

The appointment of Human Resources expert Euenheim follows the appointment at last year's AGM of Maya Miteva and Sohaila Ouffata, notable for bringing gender parity to Scout24's board of directors.

The Munich-based firm has benefitted in recent years from its position as the operator of leading real estate marketplaces in Germany and Austria as well as its successful switch to a three-sided marketplace model which has seen the company successfully monetise renters via its 'Plus' products.

CEO Tobias Hartmann spoke about the strategic development of the successful three-sided marketplace and the comprehensive product portfolio for all market participants.

"When we talk about the need for digitization of real estate, we are at the forefront of driving the continued transformation. ImmoScout24 was founded to bring listings to the internet. Today, we are a digital market network with tailored services for seekers, homeowners and agents. In the current market environment, agents are more relevant than ever: They provide transparency and orientation to homeowners and seekers, and we are fully committed to their future success.”

In a letter to shareholders, Socut24 Chairman Dr Hans-Holger Albrecht pointed out that the company has seen its share price increase 69% since the beginning of 2019 while the MDAX index, in which the Scout24 share is listed, has risen by just 22%.

June 7, 2024
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Dutch Houses Netherlands
Mediahuis Shuts Dutch Portal Jaap Citing Fierce Competition

The Dutch real estate portal Jaap quietly shut down earlier this year after seeing its profits evaporate in the face...

Read More
Costar Vs Zillow Cowboys
CoStar's May Not Need to Win Traffic Game to Out-Earn Zillow

It might be growing fast (and shouting about it) but CoStar-owned US  challenger real estate portal is still a...

Read More
Untitled Design 10 1
Schibsted Successfully Detaches Media Business, Leaving Standalone Marketplaces Segment

The Norwegian media and marketplace operator Schibsted has had a busy month, with transactions worth approximately NOK 50 billion ($4.7...

Read More
Idealista Cinven
Private Equity Firm Cinven Takes the Lead in €3Bn Idealista Tug-Of-War

London-based, private equity firm Cinven has reportedly signed an exclusivity agreement to acquire Idealista for an estimated €3 billion. The...

Read More

Editor's Pick