- WKN: A14KEB
- ISIN: DE000A14KEB5
- Land: Deutschland
Nachricht vom 01.07.2020 | 00:56
home24 SE: home24 SE expects adjusted EBITDA for H1 2020 to be positive and updates financial outlook for 2020 upwards
home24 SE / Key word(s): Half Year Results
Berlin - home24 SE ("home24", the "Company") has experienced a continued strong growth in the months April, May and June 2020. Based on preliminary figures, it expects a currency-adjusted revenue growth of c. 45% in Q2 2020. Further, Q2 2020 is expected to be the most profitable quarter in the Company's history on the basis of the adjusted EBITDA and, as a consequence, the H1 2020 adjusted EBITDA is expected to be positive as well.
Based on the strong performance in the first half of the year and under the assumption of no significant detrimental macro-economic development in the second half of the year, the Company is adjusting its financial outlook for the full year 2020 upwards and is now expecting a currency-adjusted revenue growth of at least +15% (previously in the range of +10% to +20%) and a positive adjusted EBITDA margin (previously in a range of plus to minus 2%).
home24 will publish its half year report on 18 August 2020. The final numbers for Q2 2020 may deviate from the figures presented in this release. All numbers presented in this release are unaudited and based on first preliminary indications (including estimates).
Regarding the definition of the alternative performance measure "adjusted EBITDA", the Company refers to the corresponding definition in its Annual Report 2019, which is published on the Company's website.
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|Phone:||+49 30 - 609880019|
|Fax:||+49 30 - 2016329499|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1083111|
|End of Announcement||DGAP News Service|