home24 SE: home24 SE expects adjusted EBITDA for H1 2020 to be positive and updates financial outlook for 2020 upwards

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.

Person making the notification: Dr. Martin Bredol, Capital Market Compliance Manager

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.