HomeToGo (HTG) investor relations material

Executive summary

• Achieved strong group profitability in Q1 2026, with Adjusted EBITDA up €7.2M (21% year-on-year like-for-like), driven by improved marketing efficiency, cost control, and Interhome synergies.

• HomeToGo_PRO B2B segment now accounts for 66% of group IFRS revenues, with a 40% year-on-year Adjusted EBITDA increase and 13% revenue growth.

• Marketplace segment prioritized profitability over top-line growth, resulting in a 12% Adjusted EBITDA increase and record booking revenue backlog despite a 20% reduction in advertising spend.

• Positive operating cash flow of €2.6M, a €13.4M improvement year-on-year, reflecting strong working capital management.

• Full-year 2026 guidance for IFRS revenues of €400–410M and Adjusted EBITDA of €45–47M reaffirmed.

Financial highlights

• IFRS revenues stable at €59.0M on a like-for-like basis, with statutory growth of 71.5% year-on-year due to Interhome consolidation.

• Adjusted EBITDA improved to €(26.8)M, up €7.2M year-on-year like-for-like; margin expanded by 35.8pp to (45.5)%.

• Gross profit margin decreased to 71.4% from 96.8% year-on-year due to higher direct costs from Interhome.

• Marketing and sales costs decreased 15.2% to €45M, driven by €8.1M lower advertising spend.

• Net loss widened to €(49.8)M from €(38.7)M year-on-year, impacted by higher amortization and finance costs from M&A.

Outlook and guidance

• Full-year 2026 guidance reaffirmed: IFRS revenues €400–410M, Adjusted EBITDA €45–47M, with focus on Interhome integration, cost synergies, and scalable growth.

• Guidance considers macroeconomic uncertainty, FX volatility (EUR/CHF), and strategic capital reallocation from B2C to B2B.

• Management remains cautious due to geopolitical uncertainties, especially in the Middle East.