Brief: Home24 Sees Profitable Q2 On Adj EBITDA Basis

home24 SE

12/05/2020 06:49

May 12 (Reuters) - home24 SE  H24.DE :
    * DGAP-NEWS: HOME24 SE: HOME24 SHOWS STRONG GROWTH IN Q1 2020 AND IN PARALLEL INCREASES  THE
ADJUSTED EBITDA MARGIN BY 13 PERCENTAGE POINTS COMPARED TO THE PREVIOUS YEAR
    * Q1 ADJUSTED EBITDA MARGIN OF -3% COMPARED TO -16% IN Q1 2019
    * Q2 2020 IS EXPECTED TO BE PROFITABLE ON ADJUSTED EBITDA BASIS
    * STRONG ORDER INTAKE IN APRIL DRIVEN BY ONLINE DEMAND
    * Q1 GROUP REVENUES OF EUR 103 MILLION (PREVIOUS YEAR: EUR 93 MILLION)
    * IN APRIL ORDER INTAKE GREW BY 88% IN EUROPE AND 39% IN BRAZIL COMPARED WITH LAST YEAR'S
LEVEL

Source text for Eikon:  ID:nEQ90SrBra 
Further company coverage:  H24.DE 

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