Tag: axel springer


Courtesy of Scout24 AG

Scout24: solid growth despite dip in listings

Scout24 AG (XETRA: G24) had another strong year in FY2017, with group revenue up 8.5 percent to €480 million ($592 million U.S.) from €442 million in FY2016. It released the official FY2017 annual report this week. The company operates real estate classified ImmobilienScout24 and auto vertical Autoscout24 in Germany and other European countries. As usual, the company’s biggest growth drivers were AutoScout24 (AS24) and the consumer...

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Autohaus24.de turns focus to financing

Autohaus24.de turns focus to financing

Autohaus24.de, a German b-to-c site that brokers new car sales, has discontinued its “buy in cash” product, AutomobilWoche.de reported (in German) yesterday. The feature directed buyers willing to pay in full to cooperating dealers. 


Mathias Doepfner, CEO of Axel Springer SE (courtesy of Axel Springer)

Classifieds earn Axel Springer over $1 billion U.S.

The global revenue of German media company Axel Springer (WKN: 550135) was positive in FY2017, thanks in part to the Classifieds Media segment, which grew revenue 14.6 percent over the previous year, and cracked the €1 billion mark for the first time. The company released its official annual earnings report today. “These classifieds again saw outstanding organic growth— stronger than we expected,” Axel Springer chairman...

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Magic Leap's mixed reality product will be released this year.

Axel Springer invests in Magic Leap

Axel Springer Digital Ventures announced Monday that it’s invested an undisclosed sum in a U.S. startup Magic Leap, which produces augmented reality wearables. “Axel Springer will, with investments in companies like Magic Leap, actively participate in innovative technologies bearing the potential to present journalistic content and classifieds in new formats and environments,” the news release said. Magic Leap’s first product, set to be released this...

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Immowelt rolls out app for landlords

Immowelt rolls out app for landlords

Immowelt, Germany’s second-largest real estate platform, has launched “Immo-Docs,” an app aimed at private landlords, last week. This is the latest in a series of product rollouts that began a few months ago as Immowelt laser-focuses on closing the gap in traffic and average revenue per user (ARPU) with Germany’s No. 1 site ImmobilienScout24. The new free app enables landlords to upload, fill out and...

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Axel Springer to possibly buy Israel’s Zap Group

Axel Springer, the German media company with wide-ranging classified assets, is negotiating to acquire Israel-based Zap Group, operator of stuff site Madas, Reuters reported yesterday. If completed, the acquisition will widen Axel Springer’s reach considerably in Israel, where it already owns leading horizontal Yad2. According to Reuters, Axel Springer is in discussions with Apax Partners, an equity firm that owns Zap Group, to buy the...

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Mark Hoffmann

Top management overhaul at Germany’s Meinestadt

Axel Springer is re-arranging the leadership of Meinestadt.de in a big way. Meinestadt is its German horizontal that focuses on local and regional searches. The site announced yesterday (in German) the appointment of three new co-managing directors. The platform itself is undergoing a transformation, morphing from a broad stuff site to a primarily blue-collar jobs-focused one. Meinestadt’s new leaders will take over beginning January 2018. They are:...

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Loic Dias da Silva, CTO at SeLoger Group (photo from LinkedIn with thanks)

SeLoger welcomes new CTO Loic Dias Da Silva

Axel Springer-owned SeLoger, France’s leading property vertical, hired Loic Dias Da Silva as its new chief technology officer. He has worked in the classifieds space for the past six years. Da Silva will be reporting to the head of SeLoger Group Bertrand Gstalder. Prior to joining SeLoger, Da Silva (LinkedIn profile here) worked in various technology-related roles at Viadeo.fr, a professional networking site. Most recently, he was...

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