Scout24 SE (WBO:G24)

Q1 2025 Scout24 SE Earnings Call Transcript

May 06, 2025 / 01:00PM GMT

Release Date Price: €107.7 (+0.56%)

Transcript

Key Points

Positve

Scout24 SE (WBO:G24) reported a strong start to 2025 with a 16% revenue growth and 18% growth in ordinary operating EBITDA.
The company achieved a significant milestone with over 500,000 subscribers in its B2C subscription business, showcasing strong product demand.
Scout24 SE's professional customer base expanded by 5.9%, driven by strong growth in Germany and successful integration of acquisitions.
The company is making good progress on its interconnectivity strategy, enhancing user engagement through AI-driven personalized experiences.
Scout24 SE's leverage ratio improved to 0.42 times, and the company announced an expanded share buyback program, reflecting a balanced capital allocation approach.

Negative

Rising mortgage rates in Germany could potentially slow down transaction momentum in the second quarter, impacting the transaction enablement business.
The macroeconomic environment in Germany remains challenging, posing uncertainties for the real estate market dynamics.
Scout24 SE faces tougher year-on-year comparisons for the remaining quarters of the year, particularly in Q2 and Q4.
The integration of recent acquisitions with lower profitability profiles has led to a slight margin decline in the Professional segment.
There is uncertainty around the commercial real estate market, which could affect the performance of newly acquired assets.

Operator

Ladies and gentlemen, welcome to the Scout24 Q1 2025 results conference call. I'm (inaudible) your conference call operator. (Operator Instructions) The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Filip Lindvall, Vice President, Group Strategy and Investor Relations. Please go ahead.

Filip Lindvall

Scout24 SE - Director Group Strategy & Investor Relations

Good afternoon, everyone and welcome to Scout24, first-quarter 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 the Q&A session.

You can find today's presentation on our website under financial reports and presentations. This session will be recorded, and a replay will be

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