Scout24 Increases Shareholder Dividend by 20% and Appoints Andrea Euenheim at AGM

The German real estate portal operator Scout24 held its Annual General Meeting this week. Resolutions passed by the company's board included:

• A dividend of €1.20 per share.
• Andrea Euenheim was elected to the board following Dr Elke Frank's resignation.
• Renewed authorization for share buybacks.

Scout24 saw revenue increase 14% year-on-year for 2023 while EBITDA rose 21%. The approved dividend represents a 20% rise compared to the money given out to shareholders following last year's AGM.

The appointment of Human Resources expert Euenheim follows the appointment at last year's AGM of Maya Miteva and Sohaila Ouffata, notable for bringing gender parity to Scout24's board of directors.

The Munich-based firm has benefitted in recent years from its position as the operator of leading real estate marketplaces in Germany and Austria as well as its successful switch to a three-sided marketplace model which has seen the company successfully monetise renters via its 'Plus' products.

CEO Tobias Hartmann spoke about the strategic development of the successful three-sided marketplace and the comprehensive product portfolio for all market participants.

"When we talk about the need for digitization of real estate, we are at the forefront of driving the continued transformation. ImmoScout24 was founded to bring listings to the internet. Today, we are a digital market network with tailored services for seekers, homeowners and agents. In the current market environment, agents are more relevant than ever: They provide transparency and orientation to homeowners and seekers, and we are fully committed to their future success.”

In a letter to shareholders, Socut24 Chairman Dr Hans-Holger Albrecht pointed out that the company has seen its share price increase 69% since the beginning of 2019 while the MDAX index, in which the Scout24 share is listed, has risen by just 22%.