Germany · Delayed Price · Currency is EUR HomeToGo SE Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 results with revenues up 20% and a strategic pivot to B2B, now 63% of group revenues. 2026 guidance targets over EUR 400 million in revenue and more than tripling adjusted EBITDA, with further synergies and disciplined M&A planned.
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Q3 2025 saw record revenue and adjusted EBITDA, driven by strong B2B growth and successful Interhome integration. The company confirmed full-year guidance, is reallocating capital to B2B, and plans a €150M bond to fund M&A and refinance debt.
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The group has transformed into a B2B-focused, vertically integrated vacation rental leader following the Interhome acquisition, with 2025 pro forma revenues expected at €400 million and EBITDA at €40 million. Strategic priorities include disciplined capital allocation, targeted M&A, and leveraging synergies for profitable growth.
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Q2 2025 saw record IFRS revenues, tripled adjusted EBITDA, and a 52% rise in free cash flow, driven by strong B2B growth and cost discipline. HomeToGo Payments adoption surged, and the Interhome acquisition is on track for completion by end of September.
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Q1 2025 saw record booking revenue backlog and improved free cash flow, despite macroeconomic and political headwinds. Guidance for 2025 is reaffirmed, with strong growth expected from the Interhome acquisition and continued AI-driven innovation.
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The acquisition of Interhome, Europe's second-largest vacation rental manager, is set to transform the group’s scale, profitability, and market position, with significant synergies and a clear roadmap for integration and future M&A. Pro forma revenues will exceed EUR 330 million, with EBITDA margins expected to double.
Fiscal Year 2024
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Record 2024 results with 37% booking revenue growth and a 600%+ surge in adjusted EBITDA. 2025 guidance targets over EUR 350 million in booking revenues, 40%+ IFRS revenue growth, and positive free cash flow, supported by the Interhome acquisition and continued innovation.
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Q3 2024 saw record booking and IFRS revenues, with Adjusted EBITDA more than tripling year-over-year. Guidance for booking revenues was raised, while IFRS revenue targets were slightly reduced due to North American softness and higher cancellations. Profitability and cash flow improved significantly.
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Record H1 2024 results with 27% booking revenue and 38% IFRS revenue growth, driven by strong marketplace and HomeToGo Pro performance. Adjusted EBITDA and free cash flow improved significantly, with guidance for over 30% booking and 35% IFRS revenue growth reiterated for 2024.