Scout24 Uplifts Financial Outlook For FY2025

Scout24 SE (SCOTF.PK) has upgraded its full-year 2025 guidance, now projecting revenue growth of 14-15% (up from 12-14%) and an ordinary operating EBITDA margin increase of up to 70 basis points. This revised outlook stems from strong business performance in the first half of 2025, which saw preliminary revenues of €318.2 million and ordinary operating EBITDA of €195.4 million, alongside significant contributions from recent acquisitions. The improved forecast indicates robust operational execution and successful integration efforts.

Analysis

Scout24 SE has issued a positive revision to its fiscal year 2025 guidance, indicating accelerated business momentum. The company now anticipates revenue growth of 14-15%, an increase from the previous range of 12-14%, and projects an improvement in its ordinary operating EBITDA margin of up to 70 basis points. This upgraded outlook is directly supported by a strong first-half performance, which generated preliminary revenues of €318.2 million and an ordinary operating EBITDA of €195.4 million. The announcement explicitly credits the successful contribution from recent acquisitions as a key driver, signaling effective capital allocation and integration strategy. The dual upgrade to both top-line growth and profitability margins reflects management's high degree of confidence in its operational execution and the accretive nature of its M&A activities.

Key Decisions for Investors

• The upgraded guidance for both revenue and EBITDA margin presents a clear bullish signal, and investors may consider the stock favorably as the market prices in this improved outlook.
• Given that acquisitions are a key driver, it is critical to monitor the integration and performance of these new assets in subsequent earnings reports to validate the sustainability of this growth driver.
• Investors should focus on the final H1 results to gain more detail on the drivers behind the margin expansion and to assess the company's ability to deliver on the guided 70 basis point improvement for the full year.