HomeToGo SE Reports Robust Revenue Growth in Q1 2024

HomeToGo SE, a leading SaaS-enabled marketplace for vacation rentals, announced notable financial achievements for the first quarter of 2024. The company recorded a significant increase in IFRS revenues, with a 66.4% year-over-year growth, reaching €36.4M. This growth was bolstered by strong performances in both its B2C and B2B segments.

The growth in IFRS revenues was led by the HomeToGo’s B2C Marketplace, which saw an 83.7% increase due to its expanded Booking (Onsite) business. The B2B segment, HomeToGo_PRO, also showed a notable rise, with a 35.3% growth in IFRS revenues year-over-year. Moreover, the company maintained a comfortable cash position of €90.6M, which includes proceeds from recent acquisitions and marketing investments.

Adjusted EBITDA improved by 15% year-over-year, reflecting enhanced marketing efficiency and strong overall cost control. The company has confirmed its full-year guidance for 2024, anticipating a growth in booking revenues to over €250M and aiming to achieve more than €10M in Adjusted EBITDA. HomeToGo’s CEO expressed confidence in meeting the 2024 financial targets, attributing the success to strategic acquisitions and a robust organic growth foundation.