HomeToGo SE: HomeToGo Achieves Record Third Quarter With Highest Earnings Ever, Further Improving Full-Year Guidance as It Continues on Path to Break-Even Profitability in 2023

EQS-News: HomeToGo SE / Key word(s): 9-month figures

HomeToGo SE: HomeToGo Achieves Record Third Quarter With Highest Earnings Ever, Further Improving Full-Year Guidance as It Continues on Path to Break-Even Profitability in 2023

10.11.2022 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

HomeToGo Achieves Record Third Quarter With Highest Earnings Ever, Further Improving Full-Year Guidance as It Continues on Path to Break-Even Profitability in 2023

  • Highest IFRS revenues ever with 59.8% year-on-year growth to a record high of €69.7m (vs. €43.6m in Q3/21)
  • Highest Q3 bookings revenue ever with 53.2% year-on-year growth to €42.5m (vs. €27.8m in Q3/21) amid busy last minute activity
  • Strong profitability and positive net income: Highest adjusted EBITDA ever at €24.1 million (vs. €15.1 million in Q3/21), equivalent to an adjusted EBITDA margin of 34.7 % (vs. 34.6% in Q3/21) Revenue of €12.5m (vs. €(102.2)m in Q3/21)
  • Continuing progress on strategic priorities, Subscriptions and Services saw exceptional IFRS revenue growth of 246.3% year-over-year
  • Updated guidance for FY22 again with expected IFRS revenue growth of 48-54% YoY to €141-146 million and Adjusted EBITDA of (20)-(25) million euros, with an adjusted EBITDA margin of (14) to (18)%

Luxembourg, November 10, 2022 – HomeToGo SE (Frankfurt Stock Exchange: HTG), the marketplace with the world’s largest selection of vacation rentals, today announced its results for the third quarter of 2022. With further progress on its strategic priorities, a strong profitability and a positive net result, HomeToGo achieved a record Q3.

In Q3/22, HomeToGo continued to generate strong business growth, accelerated by the post-pandemic travel rebound and summer travel spike. Bookings revenue increased 53.2% year-on-year to €42.5m (vs. €27.8m in Q3/21) amid strong last-minute bookings, particularly in July and August, while IFRS revenue increased by 59.8% year-on-year to a record high of EUR 69.7. million (vs. EUR 43.6 million in Q3/21) and in particular 123.6% Yo3Y.

Accompanying this development and in line with its strategy, HomeToGo continued to develop its Onsite and Subscriptions & Services activities. As more customers booked deals directly on HomeToGo domains, on-site booking revenue grew 29.4% year-over-year to €16.3m (vs. €12.6m in Q3/21) and IFRS on-site revenue of 100.8% YoY to €39.2m (vs. €19.4m in Q3/21), notably up 302.6% Yo3Y. Overall, the share of on-site activity[1] was 45.4% (vs. 49.8% in Q3/21), reflecting strong demand from last minute customers which also contributed to the growth of its Offsite business. Subscriptions and Services grew 246.3% YoY in IFRS revenue to €8.5m (vs. €2.4m in Q3/21) – also a new record. This includes a strong contribution from its B2B SaaS solution, Smoobu, and positive consolidation effects from the acquisition of SECRA in June.

As HomeToGo continues to pave the way to break-even profitability in 2023, Q3/22 Adjusted EBITDA increased 60.0% year-on-year to a record high of €24.1 million (vs. €15.1m in Q3/21), equating to an Adjusted EBITDA margin of 34.7% (vs. 34.6% in Q3/21). Net income improved significantly year-on-year to a record level of €12.5m (vs. €(102.2)m in Q3/21) thanks to a strong operating performance and the absence of one-off effects related to de-SPAC.

In view of the financial and operational performance, and the favorable market environment for alternative accommodation, HomeToGo has raised its guidance for fiscal 2022 for the second time and now expects IFRS revenues to increase from 48 to 54% to reach 141 to 146 million euros and an adjusted EBITDA of (20)-(25) million euros, with an adjusted EBITDA margin of (14)-(18)%.

Dr. Patrick Andrae, co-founder and CEO of HomeToGo“In this post-pandemic rebound in travel, the long-term trend towards alternative accommodation has continued to accelerate. Even as we face a period of global macroeconomic uncertainty, the travel industry has shown resilience. “continued resilience and vacation rentals are the preferred choice. During this highly profitable and record-breaking third quarter, we once again demonstrated exceptional growth across all areas of our business. The upward revision of our guidance for the full year for the second time reflects our confidence in the market and our continued progress. We will remain focused on delivering on our strategy, creating value for our shareholders and moving forward on the path to profitability. , with the aim of reaching break-even Adjusted EBITDA in 2023.”

Today, HomeToGo will also hold its Capital Markets Day, where the management team will share a detailed overview of the company’s strategy with a particular focus on demand, product, supply and the path of HomeToGo. to profitability in 2023.

Third Quarter 2022 Quarterly Statement and Presentation

Steffen Schneider, Chief Financial Officer, will present the quarterly results during a conference call at 1:30 p.m. CET, followed by a Q&A session for research analysts and investors.

The presentation will take place via a live audio webcast, and will be in English, hosted at: https://www.webcast-eqs.com/ hometogo20221110 Audio

Interested participants can pre-register for the conference call – with the option to participate in the Q&A session – at: https://event.loopup.com/SelfRegistration/registration.aspx?booking=HgEwuvb5B53EL1XMGNt4tErjWWg2TwQIEg7atoLNYWI=&b=2389e96d-457b-46a8-bebb-fec356d5b031

The Q3 2022 financial report, as well as the presentation of the results for analysts and investors, is available on the HomeToGo Investor Relations site at: ir.hometogo.de.

About HomeToGo

HomeToGo was founded in 2014 with a vision to make amazing homes easily accessible to everyone. To pursue this vision, HomeToGo has been able to consistently build and develop a reliable, easy-to-use technology platform that brings property providers together with travelers from around the world.

HomeToGo operates an alternative accommodations marketplace that connects millions of travelers looking for the perfect place to stay with thousands of inventory providers around the world, resulting in coverage of world’s most comprehensive inventory in the alternative accommodation space. HomeToGo’s marketplace benefits both groups of customers: consumers who visit HomeToGo’s websites have access to the largest inventory in one place, and vendor partners who use the platform’s reach and technology solutions. -form are better able to serve a wide range of customers and generate more high-quality demand. While HomeToGo SE is headquartered in Luxembourg, HomeToGo GmbH is headquartered in Berlin, Germany. HomeToGo operates localized apps and websites in 25 countries.

HomeToGo SE is listed on the Frankfurt Stock Exchange under the ticker symbol “HTG”. For more information visit: www.hometogo.com/about

Media Contact
Caroline Burns
[email protected]

Investor Relations
John Edelman
+49 157 501 63731
[email protected]

Forward-looking statements

Certain statements contained in this release may constitute “forward-looking statements” that involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “plan”, “expect”, “anticipate”, “estimate”, “believe”, “has ‘intent’, ‘project’, ‘goal’ or ‘target’ or the negative of these words or other variations of these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projections, opinions or plans that are inherently subject to significant risks, as well as uncertainties and subject to change.No representation is made or will be made by HomeToGo SE that any statement forward-looking statements will be made or prove to be accurate. Actual future business, financial condition, results of operations and prospects may differ materially from those projected or anticipated in the forward-looking statements. Neither HomeToGo SE nor any of their respective affiliates ves does not undertake any obligation to update, and does not expect to publicly update or publicly revise, any forward-looking statements or other information contained in this release, whether as a result of new information, future events or otherwise, unless otherwise required by law.

Non-IFRS and other financial and operating measures

Adjusted EBITDA: Earnings before interest, taxes and amortization/depreciation, adjusted for stock-based compensation expenses and non-recurring exceptional items.

Booking revenue: Non-IFRS operating metric to measure intra-month performance defined as the net value in euros generated by transactions (CPA, CPC, CPL, etc.) before cancellation.

Reservation on site: When the complete transaction from discovery to payment occurs on HomeToGo domains without the user being redirected to a third-party vendor website.

[1] Revenue from reservations net of subscriptions and services

10.11.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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