Scout24 : A robust publication and confirmation of relevant strategy presented at last CMD – TP raised to € 78 (vs € 75)
>Solid publication, € 350m in share buybacks, EPS increased by ~4% – Outperformance maintained, TP raised to € 78 (vs. € 75) - Following the robust Q4 publication (5% ahead of forecasts), confirmation of 2022 guidance and taking into account the new share buyback programme announced the day before yesterday (€ 350), we have raised our 2022e/2023e figures by ~4% and our TP to € 78 vs. € 75. The strategy unveiled at the CMD in December is continuing as planned, with hi...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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