Scout24 SE (SCOTF) Wednesday said its first-quarter net income rose 37 percent, helped by higher revenues and gains from foreign-currency effects. While the company increased its share buy-back volume, it also confirmed its outlook for fiscal 2026.
The German innovative tech company reported first-quarter net income of 68.5 million euros, or 0.97 euros per share, higher than 50.0 million euros, or 0.69 euros per share, in the same period last year.
On an adjusted basis, net income came in at 67.1 million euros or 0.95 euros per share in the three months, compared to 57.1 million euros or 0.79 euros per share in the year-ago quarter.
According to the company, quarterly revenue rose 14 percent to 179.6 million euros from 157.6 million euros in the corresponding quarter last year.
Scout24 said that it is planning to increase its share buy-back to up to 350 million euros in fiscal 2026. The company also reaffirmed its annual outlook of revenue growth between 16 percent and 18 percent.
On the OTC Markets, SCOTF.PK ended Tuesday's trading down 28 percent at $83.09.
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