Scout24 : Model update: increased operating leverage set to drive margin expansion
>Target price raised from € 82 to € 83 - Following Scout24’s capital markets day and the publication of the group’s full-year results, we have adjusted our expectations accordingly. We remain very positive on the stock and have raised our target price to € 83 (vs € 82 previously). During the CMD Scout24 presented its 2024 and mid-term targets (out to 2026) which included an adj. EBITDA (ooEBITDA) margin target of 63% by 2026e. As a result, we made the following adjust...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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