Scout24 : Q3 2018 results in line, but structural challenges remain
>An in-line quarter with no major surprises - Scout24 posted its Q3 2018 results today, 07 November. Group sales of €134.6m (+13.6% yoy, incl. Finanzcheck) and ordinary operating EBITDA of €75.1m (+20%) were in line with consensus estimates (€132.7m and €74.5m respectively). Segment sales and ordinary operating profit were also in line. IS24’s revenues of €63.5 (+7%) and ordinary operating EBITDA of €42.4m (+5%) were also both in line (consensus: €63.1m and €43.0m res...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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