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Investing.com -- Scout24 AG (ETR:G24n) reported better-than-expected first-quarter results on Tuesday, with revenue and earnings topping analyst forecasts. The company also reaffirmed its full-year 2025 (FY25) outlook, with guidance slightly ahead of consensus at the midpoint.
Despite positive results, the company’s shares fell more than 2% in European trading.
Group revenue rose 16% year-on-year in the first quarter, outperforming the Visible Alpha consensus estimate of 13% growth. Both the Professional and Private customer segments delivered revenue above expectations.
Adjusted Group EBITDA for the quarter reached €94 million, beating the company-compiled consensus of €92 million. This result corresponds to a margin of 59.5%, up 100 basis points from the same period last year.
"Scout has reported a solid set of 1Q25 results, with the headline feature being improved organic growth as the business continues to yield the benefits of its interconnectivity strategy," Jefferies analysts said in a post-earnings note.
For the full year, Scout24 reiterated its forecast for revenue growth of 12% to 14%, compared with the consensus estimate of 12.6%. Management also expects a roughly 50 basis point improvement in the ordinary operating EBITDA margin, targeting 62%, which is in line with market expectations.
The company will host a conference call to discuss the results today at 2 pm U.K. time.
"The business is currently tracking ahead of its FY25 targets and the FY25 consensus: the 2 pm U.K. analysts call will be a chance to test management’s logic for leaving guidance unchanged here," said Jefferies’s team.