Scout24 : Preview of Q3 2018e – We expect an in-line quarter, but potential legal changes and growing competition likely to weigh on shares near-term
>Expecting in-line results from IS24 - Scout24 will report its Q3 2018 results on 07 November 2018. The Q3 data will be less granular than in H1 as Scout24 only reports ARPU and number of Residential real estate partners, Business real estate partners and private listers and ARPU and number of (car) dealers (AS24) semi-annually. We expect the Q3 results to be in line overall, with IS24’s revenues growing 4.7% yoy to € 62.0m (similar growth rate to Q2 2018, i.e. 4.2%) ...Scout24 AG, formerly Asa NewCo GmbH, is a Germany-based holding company engaged in the Internet services industry. Through its subsidiaries, the Company provides digital classified advertisement platforms in Germany and other European countries, notably Scout24.com, ImmobilienScout24.de and Autoscout24.com. The Company owns the automotive classifieds Websites AutoScout24.nl and European AutoTrader BV, and the real estate online portals my-next-home.de and immodirekt.at, as well as an online comparison portal for consumer loans FINANZCHECK.de.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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