EQS-Adhoc: HomeToGo acquires majority stake in KMW Reisen GmbH and Super Urlaub GmbH

HomeToGo acquires majority stake in KMW Reisen GmbH and Super Urlaub GmbH

Luxembourg, December 16, 2023 – HomeToGo SE (Frankfurt Stock Exchange: HTG) announces that a subsidiary of the company today entered into agreements to acquire a majority stake in two leading providers of themed travel and hotels for short trips in the DACH market, KMW Reisen GmbH and the Super Urlaub GmbH, has signed. As a result of this transaction, HomeToGo will hold a 51% controlling interest in the combined company. The combined company will include brands such as Kurz-mal-weg.de, Kurzurlaub.de and Kurzurlaub.at, which offer themed trips and hotels for short trips with a focus on holiday destinations in Germany and neighboring countries, thereby complementing HomeToGo’s existing offering.

HomeToGo will make a payment of around €31 million, of which around €6 million will be paid with Class A shares of HomeToGo SE (financed by existing treasury shares). The purchase price is subject to a standard market adjustment mechanism. This transaction is expected to be completed at the beginning of January 2024 with full consolidation by HomeToGo SE from January 1, 2024.

For the 2023 calendar year, the acquired companies are expected to have unaudited pro forma sales of around €30 million according to the German Commercial Code (HGB) and an unaudited pro forma adjusted EBITDA margin (defined as pro forma earnings before interest, taxes, Depreciation and adjustments divided by pro forma sales) of more than 25%.

Contact person for investors
Sebastian Grabert
+49 157 501 63731
[email protected]

Forward looking statements

Certain statements in this release may constitute “forward-looking statements” that involve a number of risks and uncertainties. Forward-looking statements are generally identified by the use of the words “may”, “will”, “should”, “plan”, ” expect”, “anticipate”, “estimate”, “believe”, “intend”, “project”, “target” or “target” or the negative of these words or other variations of these words or comparable terminology. Forward-looking statements are based on assumptions , forecasts, estimates, projections, opinions or plans, which inherently involve significant risks as well as uncertainties and contingencies that are subject to change. HomeToGo SE makes no warranty, now or in the future, that any forward-looking statements will actually occur or prove to be accurate The actual future business, financial and results of operations and prospects may differ materially from the results projected or predicted in the forward-looking statements. Neither HomeToGo SE nor its affiliates undertake any obligation to update, nor do they expect to publicly update or revise, any forward-looking statements or other information contained in this release, whether as a result of new information, future events or otherwise , unless required by law.