Scout24 Plans New €500m Buyback as Portal Doubles Down on Returns

Scout24, the operator of leading German portal ImmoScout24, has approved a new share buy-back programme of up to €500 million and is tightening the timetable on its existing 2025 buy-back, underlining the company's confidence in its cash generation.

Using authority granted at the 2025 AGM, the German portal operator plans to repurchase shares on the market in one or several tranches until, at the latest, the second quarter of 2028, with the programme due to start in the coming weeks. At a market capitalisation of around €7-7.5 billion, a fully executed €500 million buy-back would cancel roughly 7 percent of the company’s equity.

The new mandate adds to a series of buy-backs since 2019, including programmes of €350 million in 2022, €60 million in 2023 and €100 million in 2024, that have steadily reduced the free float and supported earnings per share.

In parallel, Scout24 is shortening the second tranche of its current programme announced on 3 April 2025, bringing the latest possible purchase date forward to 23 January 2026 while leaving the planned volume unchanged. Between the start of this tranche on 7 April 2025 and 2 December 2025, Scout24 has bought 721,570 no-par value shares.

Like many publicly traded portal companies, Scout24 has seen its share price drop considerably recently despite healthy quarterly results. In its latest missive to the market, the company logged a 15% revenue increase year-on-year for the third quarter, with EBITDA rising 14%.