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DGAP-Adhoc: home24 SE: home24 SE expects adjusted EBITDA for H1 2020 to be positive and updates financial outlook for 2020 upwards

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DGAP-Ad-hoc: home24 SE / Key word(s): Half Year Results
home24 SE: home24 SE expects adjusted EBITDA for H1 2020 to be positive and
updates financial outlook for 2020 upwards

01-Jul-2020 / 00:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Berlin - home24 SE ("home24", the "Company") has experienced a continued
strong growth in the months April, May and June 2020. Based on preliminary
figures, it expects a currency-adjusted revenue growth of c. 45% in Q2 2020.
Further, Q2 2020 is expected to be the most profitable quarter in the
Company's history on the basis of the adjusted EBITDA and, as a consequence,
the H1 2020 adjusted EBITDA is expected to be positive as well.

Based on the strong performance in the first half of the year and under the
assumption of no significant detrimental macro-economic development in the
second half of the year, the Company is adjusting its financial outlook for
the full year 2020 upwards and is now expecting a currency-adjusted revenue
growth of at least +15% (previously in the range of +10% to +20%) and a
positive adjusted EBITDA margin (previously in a range of plus to minus 2%).

home24 will publish its half year report on 18 August 2020. The final
numbers for Q2 2020 may deviate from the figures presented in this release.
All numbers presented in this release are unaudited and based on first
preliminary indications (including estimates).

Regarding the definition of the alternative performance measure "adjusted
EBITDA", the Company refers to the corresponding definition in its Annual
Report 2019, which is published on the Company's website.

Person making the notification: Dr. Martin Bredol, Capital Market Compliance
Manager

*Contact:*
Philipp Steinhäuser, ir@home24.de

*Legal Disclaimer*
This release contains forward-looking statements. These statements are based
on the current views, expectations, assumptions and information of the
management of the Company. Forward-looking statements should not be
construed as a promise of future results and developments and involve known
and unknown risks and uncertainties. Various factors could cause actual
future results, performance or events to differ materially from those
described in these statements, and neither the Company nor any other person
accepts any responsibility for the accuracy of the opinions expressed in
this release or the underlying assumptions. The Company does not assume any
obligations to update any forward-looking statements.

01-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange
EQS News ID: 1083111

End of Announcement DGAP News Service

1083111 01-Jul-2020 CET/CEST



(END) Dow Jones Newswires

June 30, 2020 18:56 ET ( 22:56 GMT)
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