The decline in the share of Home 24 continued on Wednesday. The share price of the Online furniture merchant loses at times, over 10 percent to 10.00 euros and again approaching the close to the beginning of the year marked Low of EUR 9.60.
In June 2018, the company, at the Startup forge Rocket Internet continues to be involved was gone, at an issue price of 23 euros on the stock exchange. Since the record high in mid-July at just under 32 euros, a third is now not even left.
The company had previously notified on Tuesday after the market close that revenue in the past year, between 312 and 315 million euros. That would be a to currency effects adjusted increase of 18 to 19 percent. To Home 24 surprised within a short time, for the second Time negative:
it was Only in November, the company had lowered the forecast for currency-adjusted sales increase of about 30 percent to more than 20 percent. Home24 justified the negative development so that not all orders could be delivered in December.
HOME24 SE INH. o. n. — — ( — ) Xetra long & black-and-trade gate exchange, Stuttgart, Frankfurt 1T 1W 3M 1J 3J 5J For detail view
Goldman Sachs has yet to leave the classification for Home 24 to “Neutral” with a target price of 17 euros. After the sales warning from the online retailer, the consensus estimates for 2019, emanating from revenue growth of 25 percent should be adjusted accordingly, wrote Analyst Tushar Jain on Wednesday, in a present the first evaluation.