home24 SE: home24 grows profitably in first quarter 2023

 home24 grows profitably in first quarter 2023

• Revenue increases to EUR 143.5 million, up 2.3% on previous year
• Adjusted EBITDA margin with positive trend at 2.3 percent
• Strategic investments continue to pay off: Marketplace drives order numbers and Butlers integration progresses successfully
• After successful takeover by bidders around XXXLutz Group, home24 plans delisting

BERLIN, 30 May 2023 – In the first quarter of fiscal year 2023, home24 SE ("home24", "the Company") increased its revenues to EUR 143.5 million (Q1 2022: EUR 140.2 million), up 2.3%. On a constant currency basis, growth was c. 1%. Adjusted EBITDA also improved significantly and is clearly positive at EUR 3.3 million (Q1 2022: EUR -6.1 million). This corresponds to an adjusted EBITDA margin of 2.3% (Q1 2022: -4.4%).

"Our strategy of supplementing strong private label brands around Butlers and Studio Copenhagen with a complementary marketplace offering is working well," says Marc Appelhoff, CEO of home24. This can be seen, among other things, in the number of orders, which is 7% higher than the previous year's figure. The integration of the Butlers omni channels is also being driven forward. In addition to the existing joint stores, e.g. in Berlin and Hamburg, further locations are currently being redesigned.

Supported by its new majority shareholder, home24 will further expand its investment projects and thus its market position as an independent company. As one of the leading online destinations for home&living, with a high level of technology and logistics expertise as well as an additional strong presence in city centers, home24 will also remain a leading innovator in the category.

With the acquisition of the majority of shares, which was recently completed, the companies around the XXXLutz Group are seeking a corresponding position on the company's Supervisory Board at the next regular Annual General Meeting. Furthermore, as announced, the intention is still to delist the home24 share from the stock exchange.

HOME24

home24 is a leading pure-play home & living e-commerce platform in Continental Europe and Brazil. With over 250,000 home & living products in Europe and more than 200,000 articles in Latin America, home24 offers a unique selection of large and small furniture pieces, garden furniture, mattresses and lighting. This curated, broad assortment offers a significant value-for-money value proposition to customers. home24 is headquartered in Berlin and employs around 3,000 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. The group also includes the lifestyle brand Butlers with around 100 stores in the DACH region and additional 25 in the rest of Europe. home24’s product range consists of numerous brands, including a large number of private labels. For more information, please visit the Company’s website at www.home24.com.

MEDIA CONTACT:     

communications@home24.de    

INVESTORS CONTACT:

ir@home24.de

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.