DGAP-News: home24 SE / Key word(s): Preliminary Results/Annual Results 
home24 SE: home24 grows revenues by 50% in Q4 2020 and by 42% in full-year 2020 to EUR 492 million and achieves 
adjusted EBITDA break-even at +3% margin 
2021-02-09 / 07:45 
The issuer is solely responsible for the content of this announcement. 
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home24 grows its revenue by 50% in Q4 2020 and by 42% in full-year 2020 to EUR 492 million and achieves adjusted EBITDA 
break-even at +3% margin 
  . Currency-adjusted order intake growth accelerated in Q4 2020 to 58% year-over-year. Full-year 2020 order intake 
    growth of 46% at constant currency. 
  . Q4 2020 has shown a currency-adjusted revenue growth of 50% to EUR 152 million compared to Q4 2019. 
  . Significant revenue growth in FY 2020 of 42% at constant currency to EUR 492 million compared to 2019. 
  . In Q4 2020 adjusted EBITDA at EUR 6 million and margin of 4%. Full-year adjusted EBITDA margin of 3% and thus 2020 
    profitability improved by 11%-points compared to 2019. 
  . FY 2020 cash flow positive also excluding the effect of capital increase in December. At the end of 2020, cash and 
    cash equivalents of home24 amounted to EUR 103 million. 
  . Following the capital increase in Europe and the successful IPO in Brazil, both home24 segments have more than EUR 
    100 million funds available to invest in accelerated growth. 
Berlin, 9 February 2021 - home24 SE ("home24", the "Company") reports another strong growth quarter in Q4 2020. 
Currency-adjusted order intake growth to 58% year-over-year, bringing full-year order intake growth to 46% at constant 
currency. In Q1 2021, the momentum remains positive with currency-adjusted growth of the order intake for January above 
70% year-over-year. 
The strong order intake laid the foundation for a successful year 2020, despite significant spill-over of revenue 
realisation to Q1 2021 linked to the currently longer delivery times in the industry. Based on preliminary, unaudited 
full-year financials, the Company's revenues of 2020 amounted to EUR 492 million (previous year: EUR 372 million). This 
represents a significant currency-adjusted increase in revenue growth for the full-year of 42% which is at the upper 
end of latest guidance that was upgraded on 11 November 2020. Even including currency effects due to the further 
depreciation of the Brazilian Real, 2020 revenues increased by 32%. 
Looking at Q4 2020 separately, the Company generated revenues of EUR 152 million (previous year: EUR 109 million), 
representing a currency-adjusted increase of 50% compared to the same period of the previous year. Including currency 
effects, the Group's revenues of Q4 2020 were 40% higher than in Q4 2019. 
Adjusted EBITDA margin remained at a high level of 4% in Q4 2020, despite part of order intake translating only into Q1 
2021 revenues linked to structurally longer delivery times in the industry at the moment. With an adjusted full-year 
EBITDA of EUR 17 million and thus an adjusted EBITDA margin of 3%, home24 has shown a significant improvement of EUR 45 
million compared to the previous year. The increase of its profitability of 11%-points year-over-year underlines the 
ability of the Company to combine significant profitability improvements with continued strong growth ambitions. 
At the end of 2020, cash and cash equivalents of home24 amounted to EUR 103 million. Even excluding the EUR 46 million 
generated in the capital increase in December, home24 reported a positive cash flow in 2020, primarily driven by 
operating cash flow. Also, home24 SE will receive additional cash of up to EUR 24 million as a result of the successful 
listing of its Brazilian subsidiary Mobly, as reported last week. In addition, Mobly S.A. raised about EUR 121 million 
from its IPO, providing both segments in Europe and Brazil now with each more than EUR 100 million to continue their 
profitable growth path and explore the huge market opportunity in a very favorable market environment. 
"We have secured the basis for long-term, sustainable growth by achieving a full-year EBITDA and cash flow break-even 
in 2020. The capital increase in Europe and the IPO of Mobly in Brazil were crucial steppingstones: we now have ample 
firepower to step up our growth ambitions and continue to gain market share in the uniquely attractive and long-term 
growth opportunity of home & living e-commerce.", says Marc Appelhoff, CEO of home24. 
To best reflect strategic growth initiatives following the capital measures in both Europe and Brazil and pandemic 
related uncertainty, home24 will communicate its guidance for 2021 with the publication of audited financials on 31 
March 2021. 
 
About home24 
home24 is a leading pure-play home & living e-commerce platform in Continental Europe and Brazil. With over 100,000 
articles sourced from more than 1,000 manufacturers, 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 more than 1,500 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. In Europe, the Company delivers its products - regardless of 
size and weight - free of charge to the homes of its customers and also offers free returns. home24's product range 
consists of numerous brands, including a large number of private labels. home24 is listed on the Frankfurt Stock 
Exchange (ISIN DE000A14KEB5). Mobly's stock is traded on the Brazilian Novo Mercado of B3 (ISIN BRMBLYACNOR5). For more 
information, please visit the Company's website at www.home24.com. 
Competent person for this publication: 
Anne Gaida 
Senior Communications Manager 
+49 30 201 632 941 6 
Press contact: 
Anne Gaida 
anne.gaida@home24.de 
Investor contact: 
Philipp Steinhäuser 
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. 
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2021-02-09 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      home24 SE 
              Greifswalder Straße 212-213 
              10405 Berlin 
              Germany 
Phone:        +49 30 - 609880019 
Fax:          +49 30 - 2016329499 
E-mail:       ir@home24.de 
Internet:     www.home24.com 
ISIN:         DE000A14KEB5 
WKN:          A14KEB 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1166882 
 
End of News   DGAP News Service 
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1166882 2021-02-09

(END) Dow Jones Newswires

February 09, 2021 01:46 ET (06:46 GMT)