DGAP-News

home24 SE: home24 grows by more than 27% in 2021, thus by almost 80% in the last two years and achieves positive adjusted EBITDA as planned - Seite 2

The Brazilian segment faced a more difficult consumer climate and macroeconomic challenges, particularly in H2 2021. The segment grew at a lower rate than expected in H2 2021 but nevertheless by 21% to EUR 114 million at constant currency, thus also significantly outperforming the furniture retail segment. As a result of the macroeconomic situation and taking into account planned investments following the IPO in Brazil, the adjusted EBITDA margin was -1%.

In Q4 2021, the Group generated revenues of EUR 152 million, in line with the very strong prior-year period. The effects of the very strong comparables will continue to influence growth rates well into the second quarter of 2022.

At the end of 2021, home24's cash and cash equivalents amounted to EUR 131 million, EUR 28 million above the previous year's reporting date. In Q4 2021, a positive cash flow from operations of EUR 10 million was again achieved.

"In the past two years, home24 has grown by around 80 percent on a currency-adjusted basis. We have gained more than 400,000 active customers and maintained our target of operating profitably on an adjusted EBITDA basis. The new customers are attracted by the home24 offering, which is reflected in our consistently good customer satisfaction. Our strong annual growth of another 29 percent in Europe sends a clear signal - especially since furniture retailing in Germany, for example, declined in 2021. We have once again proven that we continue to gain market share with our curated offering, our value-for-money proposition and our specialized services. With the Butlers acquisition, which we plan to close on 1st April 2022, we have an additional and important building block for further continuous, profitable growth," says Marc Appelhoff, CEO of home24.

home24 will publish its audited financial figures on 31 March 2022, including an outlook for the full-year 2022, which will then also take into account the Butlers acquisition.

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About home24

home24 is a leading pure-play home & living e-commerce platform in Continental Europe and Brazil. With over 150,000 home & living products in Europe and more than 200,000 articles in Latin America, 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 1,900 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, home24 delivers its products above an order value of 30 euros - regardless of size and weight - free of charge to the customer's home 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). Mobly's stock is traded on the Brazilian Novo Mercado of B3 (ISIN BRMBLYACNOR5). For more information, please visit the Company's website at www.home24.com.