Scout24 (G24) AGM 2024 summary

Opening remarks and agenda

• AGM held on 5 June 2024, focusing on growth, transformation, and impact.

Financial performance review

• 2023 revenue exceeded €500m, up 13.8% year-on-year, with all segments contributing.

• Group ordinary operating EBITDA reached €303.9m (59.7% margin), up 21%.

• Net income for 2023 was €178.8m, a 44.7% increase; EPS rose 52.8% to €2.43.

• Q1 2024 revenue grew 11.7% to €136.1m, with continued strong momentum in core business.

• Capex ratio fell to 4.5% in 2023, down from 6.4% the previous year.

Dividend announcements

• Proposed dividend for FY 2023 is €1.20 per share, a 20% increase from the previous year.

• Dividend payout ratio at 47.3%, at the upper end of the 30–50% policy range.

• €87.9m to be distributed as dividends for 2023.