Real Estate Industry: 100% of Revenues (2025)

Top 3 Markets:

1. Germany: approx. 85%
2. Austria: approx. 10%
3. Other European Countries: approx. 5%

Scout24 SE generates its revenues mainly from the real estate industry, particularly through its platforms offering services for real estate listings and transactions. The largest market is Germany, where the company generates the majority of its revenues. Austria and other European countries also contribute to the income, but to a significantly lesser extent. This distribution reflects Scout24's strong market presence and focus on the German-speaking region.

Production: No physical production

Scout24 SE is a digital company that primarily operates online marketplaces, especially in the real estate sector with platforms like ImmobilienScout24. As a service company, Scout24 does not produce physical products. Instead, it develops and maintains its digital platforms and services, which are mainly operated in Germany.

The "production" in this context refers to the development and maintenance of the digital infrastructure and services, supported by internal IT teams and external partners.

Revenue Growth: 8.5% (estimated 2024)
Profit Growth: 10.2% (estimated 2024)

Scout24 SE pursues a growth strategy that heavily relies on digitalization and expanding its platforms. The company focuses on further strengthening its leading position in the real estate advertising sector in Germany. This is achieved through continuous improvement of user experience and the introduction of new digital services.

Another key focus is on monetizing their existing platforms through additional services such as financing and insurance offers. Scout24 also invests in technologies like Artificial Intelligence to provide personalized recommendations and more efficient search results for its users.

Furthermore, the company plans to enhance its market presence and explore new business fields through strategic partnerships and potential acquisitions. These measures are intended to maximize growth potential in an increasingly competitive market.

Commodities/Materials: No specific commodities

Scout24 SE is a digital company that mainly operates in the online real estate marketplaces sector. As such, Scout24 SE does not import physical commodities or materials, as its business model is based on digital services.

The company focuses on providing platforms and digital solutions, which is why the need for physical commodities is minimal. Instead, Scout24 invests in technology, software development, and IT infrastructure to improve and expand its services.

Market Share Real Estate Platforms Germany: approx. 50% (2024)
EBITDA Margin: 55% (2024)
Customer Satisfaction: High ratings in user surveys (2024)

Scout24 SE has a significant competitive advantage in the real estate industry, especially due to its leading position in the German market. With a market share of around 50%, the company is the dominant player in the real estate platforms sector. This market leadership enables Scout24 to benefit from network effects, increasing the platform's attractiveness for both real estate providers and seekers.

The high EBITDA margin of 55% in 2024 underscores the efficiency and profitability of the company. This margin is an indicator of strong operational performance and the ability to manage costs effectively while creating significant value for shareholders.

Furthermore, customer satisfaction is confirmed by high ratings in user surveys. This demonstrates that Scout24 is not only able to attract customers but also to retain them in the long term, which is crucial for the stability and growth of the company.

Institutional Investor Share: approximately 70% (estimated, 2025)
Insider Buys/Sells: No significant transactions reported (2025)

The institutional investor share in Scout24 SE is estimated to be around 70%. This demonstrates the confidence of large investment firms and funds in the company's stability and growth potential.

In 2025, no significant insider buys or sells were reported. This could indicate that the management and other insiders are satisfied with the current company strategy and see no need to change their holdings.

Market share of Scout24 SE: 25% (estimated, 2025)

Main competitors and their market shares:

1. Immowelt Group: 20%
2. Immonet: 15%
3. eBay Kleinanzeigen (Real Estate): 10%
4. ImmobilienScout24 (Part of Scout24 SE): 25%
5. Nestpick: 5%

Moat of Scout24 SE: Scout24 SE has a significant moat, mainly supported by its strong brand awareness and comprehensive real estate database. The platform is well-known in Germany and enjoys high trust among users and real estate providers. This leads to high customer loyalty and a strong market position.

Comparison with competitors: While Immowelt and Immonet also have well-known platforms, the moat of Scout24 SE is more pronounced due to the extensive integration of services and the use of data analysis to enhance user experience. eBay Kleinanzeigen has a broad user base, but its specialization in real estate is less pronounced, weakening the moat.

Overall, Scout24 SE has a significant advantage due to its established market presence and continuous platform development. The competition is strong, but the combination of brand strength, data expertise, and user trust gives Scout24 SE a robust moat compared to its competitors.

Revenue Growth: 8.5% (2024) EBITDA Margin: 55% (2024) Market Share in Germany: 60% in the real estate segment (2024)

Scout24 SE recorded a revenue growth of 8.5% in 2024, driven by strong demand for digital real estate platforms. The EBITDA margin of 55% demonstrates high profitability and efficiency in its operational business.

The company has further strengthened its market leadership in the German real estate segment, reaching a market share of 60%. This strong market position provides a competitive advantage and potential for further growth, especially through the digitalization of the real estate market.

In addition, Scout24 is investing in innovative technologies and services to enhance user experience and explore new revenue streams. These strategic initiatives could lead to a further improvement in the company's performance in the long term.

Overall, the fundamental indicators and strategic direction suggest that Scout24 SE represents an attractive investment opportunity, especially for investors interested in a stable and growth-oriented company.

Dividend yield: 2.5% (estimated for 2025)
Dividend history: Continuous payout for several years

Scout24 SE has pursued a consistent dividend policy in recent years. The dividend yield is currently estimated at 2.5% for the year 2025. This indicates a stable payout that has been regularly made in the past.

The company has tailored its dividend policy to provide shareholders with an attractive return while simultaneously investing in the growth and development of its platforms. The reliability of the payout is supported by a solid financial foundation and a sustainable business model.