DGAP-News

home24 SE: home24 reports Q3 2020 with 54% revenue growth and 13%-points profitability improvement, and upgrades its guidance for FY 2020 - Seite 3

Revised financial outlook

While the Company continues to acknowledge that significant uncertainty linked to the COVID-19 pandemic remains in place, home24 is upgrading its guidance for FY 2020. On the basis of the strong first nine months of 2020 and visibility of trading in Q4 2020 to date, the outlook has been upgraded to currency-adjusted revenue growth in the range of 38% to 42% (previously 25% to 35%). In addition, the Company expects an adjusted EBITDA margin in the range of 2% to 4% (previously 1% to 3%).

 

About home24
home24 is a leading pure-play home & living e-commerce platform in Continental Europe and Brazil. With over 100,000 articles sourced from more than 500 manufacturers, home24 offers a unique selection of large and small furniture pieces, garden furniture, mattresses and lighting. This curated, broad assortment offers a significant value-for-money value proposition to customers. home24 is headquartered in Berlin and employs more than 1,500 people worldwide. The Company is active in seven European markets: Germany, France, Austria, the Netherlands, Switzerland, Belgium and Italy. home24 is also active in Brazil under the "Mobly" brand. In Europe, the Company delivers its products - regardless of size and weight - free of charge to the homes of its customers and also offers free returns. home24's product range consists of numerous brands, including a large number of private labels. home24 is listed on the Frankfurt Stock Exchange (ISIN DE000A14KEB5). For more information, please visit the Company's website at www.home24.com.

Media contact:
Anne Gaida
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Investor contact:
Philipp Steinhäuser
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[phone]

Legal disclaimer:

This publication contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the Company's management. Forward-looking statements contain no guarantee for the occurrence of future results and developments and are associated with known and unknown risks and uncertainties. Due to various factors, actual future results, developments and events may differ materially from those described in these statements; neither the Company nor any other person accepts any responsibility whatsoever for the accuracy of the opinions or underlying assumptions contained in this publication. The Company assumes no obligation to update the forward-looking statements contained in this publication.