Scout24 : Q2 2018 results: Overall an in-line quarter with a few surprises
>Group sales (+9% yoy) and ordinary operating EBITDA in line with consensus - Scout24 reported Q2 2018 results today (13 Aug). Group sales increased 9% yoy to € 128m, and were in line with our estimate and consensus. At the divisional level, ImmobilienScout24’s (IS24’s) sales were up 4% yoy to € 61.8m, beating our forecast of € 60.1m; AutoScout24’s (AS24’s) sales rose 15% yoy to € 44.6m, in line with our forecast of € 45m; and Consumer Services (CS24) sales increased ...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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