Scout24 : A very good release confirming our investment case – Outperform rating reiterated and target price raised to € 80 (vs € 78)
>A defensive profile with strong growth and speculative interest – 2023e EPS up 2% and target price raised to € 80 (vs € 78) after a good Q1 - The Q1 2022 release confirms our investment case: 1/ new activities (transactional revenues +51% y-o-y, consumer subscriptions +77%) enabled the group to generate its strongest quarterly growth (+15%) since 2015 and to beat estimates (+12%), bolstering our confidence that the medium-term growth targets will be achieved (sales g...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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