Brief: Home24 Adjusts Sales Estimate For FY 2018,Q4 2018

home24 SE

15/01/2019 18:41

Jan 15 (Reuters) - home24 SE  H24.DE :
    * ADJUSTS SALES ESTIMATE FOR FY 2018 AND Q4 2018
    * MEDIUM-TERM GROWTH AND EARNINGS FORECAST REMAINS UNCHANGED
    * CONFIRMS ITS FORECAST THAT REVENUE GROWTH IN YEAR 2019 WILL BE AT OR ABOVE LEVELS OF YEAR
2018
    * HOME24 SE WILL REACH BREAK-EVEN ON BASIS OF ADJUSTED EBITDA BY END OF YEAR 2019
    * ORDER INTAKE IN Q4 2018 WAS WITHIN EXPECTATIONS, LESS REVENUE THAN EXPECTED REALIZED UNTIL
END
OF YEAR 2018 AND WILL, THUS, BE REALIZED IN Q1 2019
    * HOME24 NOW EXPECTS 18-22% CURRENCY-ADJUSTED REVENUE GROWTH IN Q4 2018 AND TOTAL ANNUAL
REVENUE
OF EUR 312-315 MILLION
    * EXPECTS TOTAL ANNUAL REVENUE OF EUR 312-315 MILLION WHICH RESULTS IN EXPECTED
CURRENCY-ADJUSTED
TOTAL ANNUAL REVENUE GROWTH OF 18-19% IN 2018

Source text for Eikon:  ID:nEQ2Gz9xNa 
Further company coverage:  H24.DE 

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