![]() Membership revenue grew by 12.9% driven by adjustments in listing prices, ongoing enhancements to higher-value memberships, and the migration of customers from the Pay-per-ad product to memberships. Organic growth was driven by a further increasing customer base by 3.3% to 21,937 and therefore continued strong demand for our core agent memberships, which underlines the need for our marketing solutions by agents. In the third quarter, the Professional segment, which includes the consolidated Sprengnetter revenue, experienced robust double-digit revenue growth, increasing by 15.6%. Sustained growth in core agent business, Plus products and private Pay-per-ad listings We look forward to providing an update on our future plans and growth ambitions at our Capital Markets Day at the end of February 2024”, comments CEO Tobias Hartmann. Scout24 recently turned 25 years – while the company truly has achieved a lot, we believe that the best days are still ahead. We will continue to be laser focused on supporting our professional clients with best-in-class products and services as they continue to navigate challenging markets. The organizational updates we implemented earlier this year have increased our speed to market while taking our operating efficiency to new levels. The increased relevance of the ImmoScout24 platform for the German real estate market is manifesting itself through continuous strong demand for our core products and customer growth. ![]() “In the third quarter we continued our track record of delivering exceptional results against challenging macro trends and real estate markets. This positive development was offset by a continued slow transactional market, leading to a lower demand for seller and mortgage leads. Organic revenue growth was 9.8% for the third quarter, reflecting continued strong demand for agent memberships and Plus products. Scout24 SE maintained its successful growth momentum in the third quarter, achieving a Group revenue growth of 15.7%, leading to EUR 132.8 million. Adjusting FY 2023 guidance: increasing ooEBITDA growth to range of 19-21% and updating revenue growth to c.Strong operating leverage continues with 22.1% ooEBITDA growth for Q3 2023 and 21.6% for 9M 2023.Growth continues to be fueled by strong demand for core membership and Plus products – continued customer gains in both segments.The company has been an Internet retailer since 1998, and it has streamlined its catalog and distribution while undergoing renovation improvements at store level.Īfter filing for Chapter 11 bankruptcy protection in May 2020, in September 2020, Brookfield Asset Management and Simon Property Group agreed to purchase the company for around $800 million in cash and debt.Continued growth momentum and strong operating leverage in Q3 2023 leads to further upgrade of ooEBITDA guidance in FY 2023 In recent years, JCP has opened stores in power centers, as well as stand-alone stores, sometimes adjacent to competitors. Most JCPenney stores were initially located in downtown areas, but, as shopping malls grew in popularity during the 1960s, the chain began relocating and developing stores to anchor the malls. Departments inside JCPenney stores include Men's, Women's, Boys', Girls', Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, JCPenney Salon, JCPenney Beauty, as well as leased departments such as Seattle's Best Coffee, US Vision optical centers, and Lifetouch portrait studios. Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is an American department store chain that operates 664 stores across 49 U.S.
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