HomeToGo SE

HTG

Equity

ISIN LU2290523658 / Valor 59631761

Xetra (2024-12-23)

EUR 1.97+0.26%

HomeToGo SE
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About company

HomeToGo SE, founded in 2014, is a SaaS-enabled marketplace that offers Software & Service Solutions to optimize vacation rental businesses through its B2B brand, HomeToGo_PRO. The company operates local apps and websites in 25 countries worldwide, including Europe, North America, South America, Australia, and Asia-Pacific. HomeToGo SE is listed on the Frankfurt Stock Exchange under the stock ticker “HTG” and has a diverse portfolio of brands under the HomeToGo Group. With a vision to make incredible homes easily accessible to everyone, HomeToGo provides a platform with the world’s largest selection of vacation rentals, offering over 15M+ offers across thousands of trusted partners globally.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

HomeToGo SE reported significant revenue growth in Q2 2024, with IFRS Revenues increasing by 24% year-over-year to €63.8 million, compared to €50.2 million in Q2 2023. This growth was driven by strong performance across various segments, including volume-based subscriptions and advertising.

Booking Revenues

In Q2 2024, HomeToGo SE achieved a new record in Booking Revenues, which grew by 27% year-over-year to €147.2 million, up from €115.5 million in Q2 2023. This increase was attributed to the successful integration of new partnerships and the expansion of their marketplace offerings.

Profitability

HomeToGo SE continued to make progress in profitability during Q2 2024, reaching an Adjusted EBITDA break-even point for the second consecutive quarter. The Adjusted EBITDA margin improved significantly, driven by a sixfold increase in profitability within the HomeToGo_PRO segment, reaching 16.8% in H1 2024.

Free Cash Flow

HomeToGo SE's free cash flow saw a substantial improvement in Q2 2024, increasing by 72% year-over-year to €12.1 million, compared to €7.0 million in Q2 2023. This improvement was mainly due to higher adoption of payment solutions and increased customer prepayments.

Outlook

HomeToGo SE's outlook for the remainder of 2024 remains positive, with a high visibility of Booking Revenues Backlog amounting to €79.7 million at the end of Q2 2024. The company expects continued growth and profitability, supported by their scalable business model and strong market position.

Summarized from source with an LLMView Source

Key figures

-21.4%1Y

-65.5%3Y

%5Y

Performance

48.4%1Y

60.6%3Y

55.6%5Y

Volatility