Home 24 with strong sales growth
Home 24 continued to grow strongly in Q1 2021: compared to the same period last year, the online retailer recorded a currency-adjusted growth of +72% in incoming orders; revenues increased by +64% (to EUR 159 million) in this period. The adjusted EBITDA margin improved by four percentage points compared to the same quarter in 2020 and was +0.4% in Q1 2021. Marc Appelhoff, the company's CEO, speaks of the "highest revenue growth of any quarter in the last six years".
Also in April, incoming orders increased by more than 30 % compared to April 2020 – "the first month in which online demand saw its first major boost related to COVID-19."Carpet Home-Newsletter: Click here for free newsletter subscription