Brief: Home24 9-month Revenues At EUR 339 Mln

home24 SE

11/11/2020 06:56

Nov 11 (Reuters) - HOME24 SE  H24.DE :
    * HOME24 REPORTS Q3 2020 WITH 54% REVENUE GROWTH AND
13%-POINTS
PROFITABILITY IMPROVEMENT, AND UPGRADES ITS GUIDANCE FOR FY 2020
    * REVENUES AMOUNTED TO EUR 339 MILLION AT CONSTANT CURRENCY
IN
FIRST NINE MONTHS OF 2020 AND GREW BY 38% YEAR-OVER-YEAR.
    * HOME24 IS UPGRADING ITS GUIDANCE FOR FY 2020 AND NOW PLANS
WITH
CURRENCY-ADJUSTED REVENUE GROWTH IN RANGE OF 38% TO 42% AND
ADJUSTED EBITDA MARGIN IN A RANGE OF 2% TO 4%.
    * PROFITABILITY IMPROVED BY 13%-POINTS IN ADJUSTED EBITDA
YEAR-OVER-YEAR IN Q3 2020, CORRESPONDING TO AN ADJUSTED EBITDA
MARGIN OF 4%.
    * ORDER INTAKE INCREASED BY 45% IN Q3 2020 AT CONSTANT
CURRENCY.
IN Q4 2020 MOMENTUM STAYS POSITIVE: HOME24 IS CURRENTLY
RECORDING A CURRENCY-ADJUSTED GROWTH OF ORDER INTAKE AT ABOVE
60%

Source text for Eikon:  ID:nEQ99ywmNa 
Further company coverage:  H24.DE 

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