Home 24: 40% turnover increase in the first nine months
Home 24 SE kept growing steadily in the first nine months of 2021 and was able to increase its turnover by 40% (to EUR 464 million), compared to the same period of the previous year. The company thus sees itself confirmed in continuing to invest in strengthening its market position.
Furthermore, Home 24 still expects to achieve an adjusted EBITDA margin in the range of 0% to +2% for the full year 2021.
In order to tap the enormous market potential, the online retailer now intends to increasingly expand its product range and delivery logistics and, above all, invest in increased storage space to guarantee short delivery times.
According to CEO Marc Appelhoff, the company's own delivery teams already deliver 20% of Home 24's bulky goods in Germany; the online retailer plans to expand this in the coming quarters.Carpet Home-Newsletter: Click here for free newsletter subscription