Scout24 : A robust publication and high level of confidence in reaching the 2023 targets
>Outperform recommendation maintained, target price cut to € 75 (vs € 83) - Scout24's share price was up 2% yesterday following a strong Q4 and 2023 guidance slightly above the consensus. Management was reassuring during the call, indicating that it was ‘very comfortable’ with its guidance, while factoring in a slowdown in some activities (related to a decline in the number of real estate transactions). Nonetheless, for over 75% of revenues, Scout24 remains protected ...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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