HomeToGo Revises Revenues Guidance While Confirming Adjusted EBITDA Break-Even As Guidance Midpoint
Luxembourg, 8 November 2023 – HomeToGo SE (Frankfurt Stock Exchange: HTG) announces that it is revising its guidance for the financial year 2023. This revision is in light of continued pressure on demand for bookings with check-in dates in 2023 due to the difficult macroeconomic conditions in HomeToGo’s core markets. The Company now expects IFRS Revenues in a range between €158-162M (previous range of €165-175M), Booking Revenues in a range of €180-190M (previous range of €185-205M) and a Booking Revenues Onsite Share of 52%-56% (previous range of 56%-61%).
Due to conscious cost discipline, the Management Board continues to expect an Adjusted EBITDA break-even as guidance midpoint for the financial year 2023 and narrows the targeted range for Adjusted EBITDA to €(1.0)-1.0M (previous range of €(2.5)-2.5M).
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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”, “intend”, “project”, “goal” or “target” or the negative of these words or other variations on 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 contingencies that are subject to change. No representation is made or will be made by HomeToGo SE that any forward-looking statement will be achieved or will prove to be correct. The actual future business, financial position, results of operations and prospects may differ materially from those projected or forecast in the forward-looking statements. Neither HomeToGo SE nor any of their respective affiliates assume any obligation to update, and do 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, except as otherwise required by law.
Use of Non-IFRS Performance Measures
This release includes certain financial measures not presented in accordance with IFRS, which may exclude items that are significant in understanding and assessing the Company's financial results. These measures should not be considered in isolation or as an alternative to measures of profitability, liquidity or performance under IFRS. Regarding the alternative performance measures Adjusted EBITDA, Booking Revenues, Onsite Booking Revenues, Onsite Share and CPA Take Rate, the Company refers to the corresponding definitions published on its IR website under IR resources (http://ir.hometogo.de/).
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