Half Year 2025 Scout24 SE Earnings Call Transcript
Key Points
- Scout24 SE (SCCTY) reported a strong second quarter with revenue growth of 15.1% and organic growth of 11.1%.
- The company achieved a significant milestone with its B2C segment surpassing 500,000 subscribers.
- Ordinary operating EBITDA grew by 16.9%, marking a strong quarter with margin expansion.
- The integration of AI solutions across the enterprise is enhancing product offerings and operational efficiency.
- The company upgraded its full-year guidance for 2025, expecting revenue growth of 14% to 15% and EBITDA margin expansion of up to 70 basis points.
- Transaction enablement showed modest expansion due to lower transaction volumes.
- The German real estate market experienced a temporary slowdown due to higher mortgage rates.
- Operating expenses increased by 10.2% year-on-year, reflecting acquisition integration and organizational simplification efforts.
- IT costs rose by 19.4% due to higher AWS costs and increased data volumes.
- The leverage ratio increased to 0.53x due to higher credit facility utilization and share buyback commitments.
Good afternoon, everyone, and welcome to Scout24 Second Quarter and First Half 2025 Earnings Call. My name is Filip Lindvall, and I'm Vice President, Group Strategy and Investor Relations at Scout24. With me on the call today are Ralf Weitz, our Chief Executive Officer; and Dirk Schmelzer, our Chief Financial Officer. Ralf will start the presentation with key business highlights, and Dirk will provide a detailed overview of our financial results. As always, we will conclude the call with a Q&A session.
You can find today's presentation on our website under Financial Reports & Presentations. This session will be recorded, and a replay will be made available as quickly as possible after the event. Please take note of the disclaimer on page 2.
Ralf, now over to you.
Thank you, Filip, and welcome, everyone. Let's move to page 4 of our presentation
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