The share buyback on the stock exchange is expected to begin in the next few weeks and is expected to end in 2024, as announced by the operator of the Immoscout24 portal, which is listed on the MDAX. Further details are expected to be released over the next few weeks prior to the start of the share buyback program.
Scout24 pays more dividend for profitable year 2022
The online real estate marketplace is paying its shareholders more dividends after a strong increase in profits last year. The company, which is listed in the index of medium-sized companies, announced on Thursday in Munich that it would raise the price to one euro per share when presenting its final annual balance sheet. This sum is to be proposed to the Annual General Meeting in June. A year earlier, the payout was EUR 0.85 per share certificate. In addition, there is a share buyback program with a volume of up to 100 million euros, which was announced the previous evening.
Scout24 had already published preliminary key figures for 2022 and an outlook for the current year at the end of February. Both have now been confirmed. Last year, Bayern’s profits increased by more than a third to 123.5 million euros, and sales increased by 15 percent to almost 448 million euros compared to the previous year. For 2023, the Management Board expects slightly less revenue growth of twelve percent, the adjusted operating result (adjusted Ebitda) should increase by 13 percent as in the previous year.
The Scout24 share temporarily gained 3.24 percent in trading on XETRA to EUR 54.80.
FRANKFURT / MUNICH (Dow Jones / dpa-AFX)
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Image sources: Scout24