Strong demand and increased earnings drive positive market response

  • Scout24 shares rose after raising profitability guidance
  • High demand for core products drove higher revenue and earnings
  • Earnings before interest, taxes, depreciation, and amortization expected to rise 19-21%
  • Sales growth outlook for 2023 lowered to 14%
  • Third-quarter sales increased 16% to 132.8 million euros
  • Ebitda from ordinary activities increased to EUR78.1 million
  • Ebitda margin from ordinary activities climbed to 58.8%

Scout24 shares experienced a boost after the company announced an increase in its profitability guidance for the year. The German online property-portal operator, known for its platform ImmoScout24, reported higher revenue and adjusted earnings for the third quarter, driven by strong demand for its core products. The company now expects a rise of 19-21% in this year’s earnings before interest, taxes, depreciation, and amortization from ordinary activities, surpassing its previous guidance of 18-19%. However, the sales growth outlook for 2023 was lowered to 14% due to a slower recovery of the transaction business. In the third quarter, Scout24’s sales increased by 16% compared to the same period last year, reaching 132.8 million euros. Ebitda from ordinary activities also saw a significant increase to EUR78.1 million, with the Ebitda margin climbing to 58.8% from 55.7% previously. These positive results were attributed to cost-controlling measures and an expanded customer base.

Factuality Level: 8
Factuality Justification: The article provides specific information about Scout24’s raised profitability guidance, higher revenue and adjusted earnings for the third quarter, and changes in sales growth outlook. It also mentions the contribution from the recently acquired property-data specialist. The information provided is specific and verifiable.
Noise Level: 7
Noise Justification: The article provides information on Scout24’s raised profitability guidance, higher revenue, and adjusted earnings for the third quarter. It also mentions the company’s lowered sales growth outlook for 2023. However, the article lacks in-depth analysis, scientific rigor, and evidence to support its claims. It does not explore the consequences of the company’s decisions or provide actionable insights or solutions. Overall, the article contains relevant information but lacks depth and critical analysis.
Financial Relevance: Yes
Financial Markets Impacted: Scout24 shares
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses Scout24’s raised profitability guidance and higher revenue and earnings for the third quarter. This information is relevant to financial markets as it provides insights into the company’s financial performance.
Public Companies: Scout24 (N/A)
Private Companies: ImmoScout24,Sprengnetter Group
Key People:

Reported publicly: www.marketwatch.com