Scout24 SE, the Germany-based digital company that owns online real estate marketplace ImmoScout24, will distribute €66.4 million ($69.4 million) in dividends, or €0.85 per share. Its annual general meeting (AGM) also saw broad shareholder approval for the renewal of the authorization for further share buybacks.

Consolidated revenue growth of 10.0% in 2021 to €389 million and of 15% in the first quarter of 2022 confirm the digital company’s growth strategy, Scout24 said, adding that it expects further growth of up to 12% this year.

Scout24 held its AGM entirely online for the third time, with attendees representing 69.0% of the company’s voting share capital joining digitally. Shareholders approved all of the resolutions proposed by the management board with large majorities.

In his welcoming speech, chairman of the management board and CEO Tobias Hartmann emphasized that Scout24 sees itself as the leading digital real estate company in Germany. He addressed the company’s social responsibility, as housing in Germany continues to be plagued by a lack of affordable homes.

“Scout24 unfortunately can’t build the flats we need, but we can provide them faster and easier to people who are looking. And we can create more transparency and orientation in the tense real estate market,” said Hartmann.

Meanwhile, Dirk Schmelzer, CFO of Scout24 SE, presented the group’s financial and economic development, touching on key sustainability aspects that are anchored in its capital market communication, new financing, and the remuneration of the management board.

Scout24 is a German stock corporation, a member of the DAX50 ESG and MDAX. Headquartered in Munich, the company was founded 1998. It has a location in Berlin and offices in Cologne and Vienna.

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