HomeToGo Raises 2026 Adjusted EBITDA Guidance to €48–50 Million
Key Facts
HomeToGo raised its 2026 adjusted earnings before interest, taxes, depreciation and amortization forecast to €48–50 million, from €45–47 million, in a disclosure dated November 10. The company said the revision was "driven by a strong peak summer season in the Group's core vacation rental business and the realization of cost savings from the integration of Interhome at a faster pace than expected." This represents an increase of €3 million at both the lower and upper ends of the new range compared with the previous range. HomeToGo left its forecast for Group revenue under IFRS unchanged, keeping it between €400 million and €410 million for the financial year. The update was therefore limited to adjusted profitability guidance, with no increase to the revenue estimate.
The company cited two factors behind the higher adjusted EBITDA forecast: a strong peak summer season in its core vacation rental business and faster realization of cost savings related to the integration of Interhome. HomeToGo linked the first factor to the performance of its rental business over the summer period, and the second to the pace of business integration and the realization of related savings. It said the cost savings were realized "faster than expected," without attributing the revision to a broad improvement in operating performance or to revenue growth. The explanation frames the revision as driven by specific seasonal and operational factors, while the full-year revenue estimate remains unchanged. The company did not specify in the disclosure the value of the savings that contributed to the higher range.
In its reported third-quarter 2026 results, Group revenue under IFRS was about €187.3 million, while adjusted EBITDA was €77.4 million. These figures relate to the third quarter alone, whereas the €48–50 million range covers the full financial year; the quarterly results therefore are not directly comparable with the annual forecast. The quarterly figures were announced alongside the higher annual profitability forecast, with the company linking the revision to the summer season and Interhome savings. The available figures did not include a year-on-year comparison for the third quarter or a previous estimate for these results. The company is scheduled to release its full quarterly statement on November 12.
First-half results provide context for the revenue and profitability trajectory before the third quarter. HomeToGo's IFRS revenue rose 71.8% year on year in the first half of 2026 to €160.1 million, compared with €93.2 million in the first half of 2025. Over the same period, adjusted EBITDA improved 26.6% year on year but remained negative at €15.1 million. These indicators cover different periods and measures from the third-quarter figures and full-year forecast, but place the latest update within a series of 2026 results combining revenue growth with improved adjusted profitability. The first-half figures alone do not provide details on the impact of the summer season or the amount of savings realized later.
The company previously reported Group adjusted EBITDA of €31.7 million for the 2025 financial year, above the upper end of its previous forecast of €30 million. It also said in its annual results announcement that it had achieved annual savings of more than €5 million from integrating Interhome. These prior results provide context for the savings HomeToGo said were being realized faster in its November 10 disclosure, but relate to the earlier period and do not specify the amount achieved during 2026. Alongside the higher profitability forecast, the company kept its full-year IFRS revenue forecast unchanged. The update is therefore focused on the adjusted EBITDA range, with HomeToGo maintaining its revenue estimate for the current year.
HomeToGo will release its full third-quarter statement on November 12, 2026, at 7:00 a.m. Central European Time, and hold a results call at 10:00 a.m. the same day. The full results will be the next opportunity to review the quarterly figures announced by the company and its explanation for raising the annual forecast. The date follows the November 10 disclosure, which raised the adjusted EBITDA range while keeping the revenue forecast at its previous level. It also precedes the German Equity Forum scheduled for November 23, 2026, according to the official investor relations calendar. The company provided no further details in the disclosure about its outlook beyond 2026.