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home24 SE: home24 SE adjusts sales estimate for FY 2018 and Q4 2018

2019-01-15 19:31:41

home24 SE / Key word(s): Change in Forecast/Development of Sales
home24 SE: home24 SE adjusts sales estimate for FY 2018 and Q4 2018

15-Jan-2019 / 19:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of insider information pursuant to Article 17 of Regulation (EU) No 596/2014

home24 SE adjusts sales estimate for FY 2018 and Q4 2018

Berlin - home24 SE ("home24", the "Company") today adjusted its revenue estimate for Q4 2018 and the full year 2018 on the basis of information now available. Whereas the order intake in Q4 2018 was within expectations, less revenue than expected was realized until the end of the year 2018 and will, thus, be realized in Q1 2019.

Before this background, home24 now expects 18-22% currency-adjusted revenue growth in Q4 2018 and total annual revenue of EUR 312-315 million which results in an expected currency-adjusted total annual revenue growth of 18-19% in 2018. Previously, the Company had expected 25-31% currency-adjusted revenue growth for Q4 2018. This would have led to total annual revenue of between EUR 315 and 323 million and thus to currency-adjusted growth of more than 20% for FY 2018. Exact figures will be published by home24 in the Trading Update FY 2018 on 13 February 2019.

The medium-term growth and earnings forecast remains unchanged. The Company confirms its forecast that revenue growth in the year 2019 will be at or above the levels of the year 2018 and that home24 SE will reach break-even on the basis of adjusted EBITDA by the end of the year 2019.

Contact:
Philipp Steinhäuser, ir@home24.de

Legal Disclaimer
This release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this release or the underlying assumptions. The Company does not assume any obligations to update any forward-looking statements.


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