Patrick Andrae, 42, is in a good mood via video call from his company’s Berlin office with a view of the city. The head of the holiday home platform Home To Go has just presented his company’s latest annual report to analysts and given an outlook for 2024. The bottom line is still a loss of 28.3 million euros, but that is a noticeably lower loss than in the previous year. In any case, Andrae seems very satisfied with what he presented. Home To Go promised when it went public in 2021 that the company would reach the point in 2023 where the company’s revenues would equal its expenses – at least in terms of adjusted earnings before taxes, interest, depreciation, other financing expenses and extraordinary costs (adjusted Ebitda ). “A lot of people didn’t believe us back then,” said Andrae. But his company even exceeded this point last year by almost two million euros. Although the key figure is not without controversy – critics say that if you deduct all costs, there will always be a profit – Ebitda is an accepted profit figure on the capital markets.
Home To Go relies on artificial intelligence – economy
