HomeToGo Reports Significant H1/24 Revenue Growth and Improved Profitability

Luxembourg, August 13, 2024 - HomeToGo SE announced strong financial results for H1/24. The company's Booking Revenues surged to €147.2M, reflecting a 27.4% year-over-year increase. IFRS Revenues reached €89.3M, marking a 38.1% rise from last year. Both metrics hit record highs in Q2/24, displaying robust growth trajectories.

The HomeToGo_PRO segment significantly enhanced profitability, boasting a 504.4% YoY increase in Adjusted EBITDA to €4.5M. Group-wide, Adjusted EBITDA for Q2/24 improved by 54.3%, reaching €2.2M and achieving break-even. Free Cash Flow showed notable improvements, growing by 21.2% YoY to €(10.3)M for the first half of 2024.

HomeToGo maintains a solid cash position, with €95.7M recorded at the end of Q2/24. The company reaffirms its FY/24 guidance of over €250M in Booking Revenues, more than €220M in IFRS Revenues, and above €10M in Adjusted EBITDA.