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Scout Stock: Surges on Upbeat Forecast Revision

Felix Baarz by Felix Baarz
August 5, 2025
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Berlin-based real estate marketer Scout24 has significantly raised its annual forecast, pleasantly surprising investors. Initially projecting 12–14% revenue growth, management now targets 14–15%, fueled by robust first-half performance. Revenue soared 15.5% to €318.2 million, with organic growth hitting 11.6%, signaling strength beyond acquisitions. Profitability outpaced expectations: adjusted EBITDA jumped 17.3% to €195.4 million, driving the margin up 100 basis points to 61.4%. The company now anticipates a 70-basis-point EBITDA margin improvement, up from 50.

Market Reaction Defies Fundamentals

Despite the upbeat revisions, Scout24’s shares showed muted response, briefly dipping 0.25% before a slight recovery. The disconnect highlights market unpredictability, even as the firm’s dual strategy—subscription resilience and acquisition synergies—delivers. Full half-year results, due August 7, may offer further clarity. The raised inorganic growth contribution (now 3% vs. 2%) underscores successful integration efforts, reinforcing long-term optimism.

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Felix Baarz

Felix Baarz

My name is Felix Baarz, and I look back on over fifteen years of experience as a business journalist. I have always been fascinated by the mechanisms and dynamics of global financial markets as well as the complex economic and political interconnections that shape our world. With this passion, I have made a name for myself as an expert on international financial markets and dedicate myself with great commitment to making even the most complex topics understandable and accessible to my readers. My roots lie in Cologne, where I was born and raised. Early on, my curiosity about economic topics and international developments sparked my interest in journalism. After completing my studies, I began my career as a business editor at a respected German trade publication. Here I laid the foundation for my professional career, but my curiosity soon drew me out into the wider world. A turning point in my life was moving to New York, where I lived for six years and gained insight into leading media houses. In this vibrant metropolis, I was able to report firsthand from the heart of the global financial world. From daily developments on Wall Street to major economic policy decisions that make waves worldwide, I had the opportunity to write about central topics that move people and markets alike. This time shaped my perspective and sharpened my view of global interconnections.

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