HomeToGo Announces Positive 2024 Outlook and Share Tender Offering

HomeToGo SE, the SaaS-enabled marketplace leader in vacation rentals, announced a strong financial outlook for 2024 with expected significant growth in IFRS revenues of more than 35% year-over-year (YoY) to exceed €220 million. The company also forecasts a substantial advancement in its Adjusted EBITDA, aiming for a growth rate of over 400% YoY. This financial forecast was accompanied by the announcement of a public share tender offer to enhance the effectiveness of its ongoing stock exchange share buyback program.

In its FY/23 financial summary, HomeToGo reported Booking Revenues of €190.1M, surpassing its target with a 16% YoY increase. Its IFRS Revenues for FY/23 rose by 10% YoY to €162.0M, reaching the top end of its guidance. The Adjusted EBITDA saw a remarkable improvement, ending the year at €1.8M, which exceeded the anticipated financial guidance range.

Moreover, HomeToGo launched significant initiatives in FY/23, including HomeToGo_PRO for B2B SaaS solutions and entered the thematic travel sector through strategic acquisitions. The company also pioneered in integrating AI into its offerings with HomeToGo Modes. With an industry-leading ESG Risk Rating, HomeToGo solidifies its commitment to sustainable business practices.

Looking into FY/24, HomeToGo is set for accelerated growth with improved profitability, focusing on expanding its marketplace and enhancing B2B solutions through HomeToGo_PRO. The announcement reflects the company's confidence in its strategy and operational capabilities moving forward.