05.08.2016
HolidayCheck Group AG DE0005495329
DGAP-News: HolidayCheck Group expands market share in second quarter of 2016 - revenue and EBITDA both up on previous year
DGAP-News: HolidayCheck Group AG / Key word(s): Half Year Results
HolidayCheck Group expands market share in second quarter of 2016 - revenue
and EBITDA both up on previous year
05.08.2016 / 07:51
The issuer is solely responsible for the content of this announcement.
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MEDIA RELEASE
HolidayCheck Group expands market share in second quarter of 2016 - revenue
and EBITDA both up on previous year
Munich, Germany, 5 August 2016 - HolidayCheck Group AG (formerly Tomorrow
Focus AG) increased its market share in both the first and second quarter
of 2016 against a background of generally weak industry activity.
Based on the company's own estimates, especially the package holiday market
in Central Europe registered a drop in turnover by between 5 and 10 percent
in the first two quarters of the year compared with the same period of the
previous year. One of the main reasons for this was the recent series of
terrorist attacks in Belgium, France and Turkey. As a result of the
heightened sense of insecurity created by the attacks, many holidaymakers
were unwilling to go ahead with bookings.
Repeating its first-quarter success, HolidayCheck AG achieved substantial
revenue growth in the second quarter of 2016 in its biggest market, the
package holiday business, therefore giving a further boost to its market
share.
As expected, revenue at the Dutch subsidiary WebAssets B.V. was down on the
previous year. This was mainly due to the sale of Zoover's and Tjingo's
travel agency operations at the end of 2015 and the almost complete
discontinuation of WeerOnline's B2B activities. By contrast, the travel
intermediary business grew by over 20 percent.
HolidayCheck Group AG's consolidated revenue for the first half-year was up
by a small margin of 0.5 percent from EUR 54.7 million in 2015 to EUR 55.0
million in the current financial year. At EUR 24.9 million, the second-
quarter total was 2.5 percent higher compared with EUR 24.3 million in the
same period of 2015.
At EUR 1.0 million, EBITDA for the first half of 2016 was down 37.5 percent
year on year (first half 2015: EUR 1.6 million). Second-quarter EBITDA rose
from minus EUR 0.2 million in 2015 to EUR 0.3 million in the current
financial year.
EBIT for the first half of 2016 stood at minus EUR 1.8 million compared
with minus EUR 1.7 million in the same period of 2015. Second-quarter EBIT
was minus EUR 1.1 million (second quarter 2015: minus EUR 1.8 million).
The financial result in the first half of 2016 stood at EUR 0.1 million
compared with minus EUR 0.7 million in the same period of 2015. The
financial result in the second quarter of 2016 stood at EUR 0.1 million
compared with minus EUR 0.4 million in the same quarter of 2015.
This was due to reductions of EUR 0.6 million and EUR 0.4 million in
financial expenses in the first half-year and second quarter respectively,
primarily as a result of lower interest expenses for loans.
EBT stood at minus EUR 1.7 million in the first half of 2016 (first half
2015: minus EUR 2.3 million). EBT in the second quarter of 2016 was minus
EUR 1.0 million (second quarter 2015: minus EUR 2.2 million).
Consolidated net income/loss from continuing operations was minus EUR 1.7
million in the first half of 2016 (first half 2015: minus EUR 3.0 million).
The corresponding figure for the second quarter was minus EUR 1.0 million
(second quarter 2015: minus EUR 2.3 million).
Consolidated earnings per share from continuing operations stood at minus
EUR 0.03 in the first half of 2016 compared with minus EUR 0.05 in the same
period of 2015. The second-quarter figure for 2016 was minus EUR 0.02
compared with minus EUR 0.04 in the same quarter of 2015.
As at 30 June 2016, the equity ratio stood at 85.4 percent, up from the
figure of 76.3 percent as at 31 December 2015.
Outlook
The HolidayCheck Group's vision is to build the most holidaymaker-friendly
company in the world.
Our main focus in financial 2016 and beyond will again be on steps to
intensify investment in the further development of the products and
services offered by the HolidayCheck Group's holiday brands. In addition,
we are not excluding the possibility of targeted acquisitions of digital
travel companies that could usefully complement our existing portfolio.
In total, after adjusting for acquisitions and disposals, the Management
Board believes that revenue of the HolidayCheck Group could be increased in
financial 2016 by a percentage figure in the middle single digits (and
therefore above the industry average) compared with the previous year.
In the view of the Management Board, the above-mentioned envisaged
investment in products and services will have a positive impact on
consolidated revenue and thus on the HolidayCheck Group's operating EBITDA
in the medium to long term. For the current financial year, the Management
Board expects Group EBITDA to at least reach the break-even point despite
planned spending on investment and its strategy of increasing market share.
Note on publication
The German version of the interim report for the first half of 2016 will be
published during the course of the day on the company's website at
www.holidaycheckgroup.com under the heading 'Investor Relations'. The
English version will be published shortly thereafter, also at
www.holidaycheckgroup.com.
About HolidayCheck Group AG:
HolidayCheck Group AG (ISIN DE005495329), Munich, Germany, is one of
Europe's leading digital travel firms for holidaymakers. With a total
workforce of around 400, HolidayCheck Group AG comprises HolidayCheck AG
(which operates hotel review and travel booking portals by the same name,
and the car rental portal MietwagenCheck) and WebAssets B.V. (which
operates the Zoover hotel review portals and the MeteoVista/WeerOnline
weather portals). HolidayCheck Group's vision is to become the world's most
holidaymaker-friendly company in the world.
Media and Investor Relations HolidayCheck Group AG
HolidayCheck Group AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
phone: +49 (0)89 9250 1256
fax: +49 (0)89 9250 2403
email: [email protected]
www.holidaycheckgroup.com
http://twitter.com/HolidayCheckGrp
http://facebook.de/HolidayCheckGroup
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05.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: HolidayCheck Group AG
Neumarkter Str. 61
81673 München
Germany
Phone: +49 (0)89 9250-1256
Fax: +49 (0)89 9250-2403
E-mail: [email protected]
Internet: www.holidaycheckgroup.com
ISIN: DE0005495329
WKN: 549532
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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489733 05.08.2016
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