Scout24 : Upward revision to 2022 guidance confirms Scout24’s defensive dimension and operational excellence
>2022 guidance revised up following very good Q2 2022 numbers - Scout24 yesterday raised its full year guidance and is now targeting: 1/ 13-15% revenue growth (vs 11-12% previously) and 2/ an increase of 10-12% in adjusted EBITDA (vs the top end of the range of 6-8% previously). According to the group's preliminary H1 guidance, revenues and EBITDA came in at +14.7% y-o-y and +9.5% y-o-y respectively. We conclude that Q2 was better than expected with revenues up 14.4% ...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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