handelsblatt exclusive Online Marketplace Scout24 Considers Dividend Payments

The digital marketplace operator Scout24 aims to pay out dividends after achieving millions in savings by refinancing its debt.

The digital marketplace operator Scout24 aims to pay out dividends after achieving millions in savings by refinancing its debt, the company’s chief financial officer told Handelsblatt.

“We will probably ask the supervisory board for a payout, which would come a year earlier than originally planned,” Christian Gisy said in an interview.

Scout24 has reduced its exposure from 50 to 13 banks, Mr. Gisy said, and has managed to save €12 million ($12.8 million) in interest payments for 2017 by renegotiating the conditions of its debt.

“Our leverage ratio will probably sink to 2.5 in the first quarter of 2017,” Mr. Gisy said. “This figure has reached the point in relation to our operative earnings at which we consider dividend payments.”