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home24 SE: home24 publishes annual report for the year 2018

2019-04-25 08:40:02

DGAP-News: home24 SE / Key word(s): Annual Results

25.04.2019 / 08:40
The issuer is solely responsible for the content of this announcement.


home24 publishes annual report for the year 2018

  • Trading Update as of 13 February 2019 for the full year 2018 confirmed
  • Strong increase in revenue to EUR 313 million in 2018, representing 18% growth at constant currency and 13% growth including foreign currency effects
  • Significant outperformance of the online furniture market in our geographies, which grew by c. 10%, whereas the total market in those countries showed virtually no growth in 2018
  • Brazil profitable for the full year 2018 based on adjusted EBITDA margin


Berlin, 25 April 2019 - home24 SE ("home24", the "Company") today published its annual report for the full year 2018 with the audited financial figures. These correspond to the preliminary financial figures that the Company had already announced on 13 February 2019 as part of the Trading Update.

The home24 annual report can be downloaded from the Company's Investor Relations website: www.home24.com

The most relevant financial figures at a glance:

Non-financial KPIs   Unit   2018   2017   Change
Number of orders   in k   1,907   1,556   23%
Average order value   in EUR   258   277   -7%
Number of active customers (as of December 31)   in k   1,299   1,061   22%
Employees (as of December 31)   number   1,582   1,317   20%
                 
Financial KPIs   Unit   2018   2017   Change
Revenue   in EURm   312.7   275.7   13%
Gross profit margin   in %   44%   45%   -1pp
Profit contribution margin   in %   24%   28%   -4pp
Adjusted EBITDA margin   in %   -13%   -8%   -5pp
Earnings per share   in EUR   -3.22   -2.71   19%
Cash flow from operating activities   in EURm   -47.9   -27.1   77%
Cash flow from investing activities   in EURm   -24.0   -13.7   75%
Cash flow from financing activities   in EURm   160.8   26.8   > 100%
Cash and cash equivalents at the end of the period   in EURm   108.6   19.9   >100%
 

The financial report for the first quarter of 2019 will be published by home24 on 28 May 2019. The Company's first public General Meeting will be held in Berlin on 19 June 2019. The Supervisory Board and the Management Board will propose at the General Meeting to reduce the number of Supervisory Board seats to four. Accordingly, Philipp Kreibohm will defer his initially planned candidacy for the Supervisory Board.


About home24

home24 is the leading pure-play home & living e-commerce platform in Continental Europe and Brazil. With over 100.000 article numbers from more than 500 manufacturers, home24 offers a unique selection of large and small furniture pieces, garden furniture, mattresses and lighting. home24 is headquartered in Berlin and employs more than 1.000 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:

Viktoria Solms
viktoria.solms@home24.de
+49 162 244 07 65

Investor contact:
Philipp Steinhäuser
ir@home24.de
+49 30 201 634 728


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.



25.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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