Results for the Annual General Meeting of Scout24 are in and the numbers are a little different since the company had sold off its automobile arm in December of last year.
Highlights from the meeting include:
Scout24 AG has approved all resolutions proposed by the administration resulting from large majorities during voting. The voting session of the online meeting included:
CEO Tobias Hartmann said:
"With ImmoScout24, we want to develop from a classifieds portal to a fully networked digital marketplace of the future. The ever-increasing interconnectedness opens up additional sources of revenue and associated growth opportunities for us. Our focus is on the further digitization of real estate transactions."
Dr. Dirk Schmelzer, CFO of Scout24 AG, said:
"Through the successful sale of AutoScout24 we have realized considerable cash proceeds, some of which we have already used to repay debt. We therefore have a very healthy balance sheet structure in the current Covid-19 crisis. We want our shareholders to participate in this, too. In addition to the current share buyback program and this year's dividend payment, we will distribute a further EUR 1.2 billion to our shareholders in the coming year."
Dr. Elke Frank succeeds Clara Smyth and has 20 years of management experience, bringing a veteran view to the company’s Board. She recently held management positions at Software AG, T-Mobile, Microsoft, and Carl Zeiss Vision.