HomeToGo SE: HomeToGo Announces Share Buyback Program with a Volume of up to € 10M

HomeToGo Announces Share Buyback Program with a Volume of up to €10M

Luxembourg, 13 September 2023 - The Management Board of HomeToGo SE (Frankfurt Stock Exchange: HTG), the marketplace with the world's largest selection of vacation rentals, today announced a share buyback program with a total volume of up to €10M (total purchase price excluding ancillary costs). The share buyback program has been approved by HomeToGo’s Supervisory Board and will be carried out based on the authorization of the Company’s shareholders’ meeting. Under the program, up to 5.7M shares of the Company may be repurchased in the period between 18 September 2023 and 31 December 2024.

The Management Board decided to implement the first share buyback program in the history of HomeToGo on the back of a strong improvement in profitability providing full confidence to reach Adjusted EBITDA break-even as guidance midpoint in Financial Year 2023. As of 30 June 2023, HomeToGo has had a total of €145M gross cash and €139M of net cash at its disposal.

Dr. Patrick Andrae, Co-Founder & CEO of HomeToGo: “HomeToGo is at a turning point in 2023, following our achievement of reaching Adjusted EBITDA break-even for the first time in a second quarter and our full confidence to reach Adjusted EBITDA break-even also for the full year. To stay on this successful growth path for the future of the Company, we continue to strategically invest the vast majority of our financial firepower into both organic and inorganic opportunities. Alongside reaching sustainable positive profitability levels, we still have a significant cash position on our balance sheet, which we intend to make best use of in the interest of our shareholders. To that end, we will deploy parts of our excess cash and use the opportunity of the current share price level to start our share buyback program.”

In accordance with the authorization provided by the shareholders’ meeting, the Management Board set an initial price limit of €3.16 per share to be repurchased (excluding ancillary costs), but reserves the right to review this limit, depending on, amongst others, market circumstances and the development of the buybacks. The repurchases will be executed by a credit institution via the stock market in accordance with the safe harbor rules under article 5 of Regulation (EU) No 596/2014 (Market Abuse Regulation) in conjunction with chapter II of Commission Delegated Regulation (EU) 2016/1052.

Information on the transactions relating to HomeToGo’s share buyback program will be adequately disclosed on the Company’s Investor Relations website no later than the end of the seventh daily market session following the date of execution of such transactions.

About HomeToGo

HomeToGo was founded in 2014 with a vision to make incredible homes easily accessible to everyone. To pursue this vision, HomeToGo was able to build and constantly grow a trusted and easy-to-use technology platform that brings together property suppliers with travelers from all across the world.

HomeToGo operates a marketplace for vacation rentals that connects millions of travelers searching for a perfect place to stay with thousands of inventory suppliers across the globe, resulting in the world's most comprehensive inventory coverage in the alternative accommodation space. HomeToGo's marketplace is beneficial to both of its customer groups: Consumers who visit HomeToGo's websites gain access to the largest inventory in one place, and supply partners who use the platform's reach and technology solutions are better able to serve a wide range of customers and generate more high-quality demand. While HomeToGo SE's registered office is located in Luxembourg, HomeToGo GmbH is headquartered in Berlin, Germany. HomeToGo operates localized apps and websites in 25 countries.

HomeToGo SE is listed on the Frankfurt Stock Exchange under the stock ticker “HTG”.

For more information visit: www.hometogo.com/about

Media Contact
Caroline Burns
press@hometogo.com

Investor Relations Contact
Sebastian Grabert
+49 157 501 63731
IR@hometogo.com

Forward-Looking Statements

Certain statements contained in this release may constitute "forward-looking statements" that involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projections, opinions or plans that are inherently subject to significant risks, as well as uncertainties and contingencies that are subject to change. No representation is made or will be made by HomeToGo SE that any forward-looking statement will be achieved or will prove to be correct. The actual future business, financial position, results of operations and prospects may differ materially from those projected or forecast in the forward-looking statements. Neither HomeToGo SE nor any of their respective affiliates assume any obligation to update, and do not expect to publicly update, or publicly revise, any forward-looking statements or other information contained in this release, whether as a result of new information, future events or otherwise, except as otherwise required by law.

Use of Non-IFRS Performance Measures

This release includes certain financial measures not presented in accordance with IFRS, which may exclude items that are significant in understanding and assessing the Company's financial results. These measures should not be considered in isolation or as an alternative to measures of profitability, liquidity or performance under IFRS. Regarding the alternative performance measures Adjusted EBITDA, Booking Revenues, Onsite Booking Revenues, Onsite Share and CPA Take Rate, the Company refers to the corresponding definitions published on its IR website under IR resources (http://ir.hometogo.de/).