08.11.2016
HolidayCheck Group AG DE0005495329
DGAP-News: HolidayCheck Group expands share of package holiday market in third quarter of 2016
DGAP-News: HolidayCheck Group AG / Key word(s): Quarter Results
HolidayCheck Group expands share of package holiday market in third quarter
of 2016
08.11.2016 / 07:20
The issuer is solely responsible for the content of this announcement.
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MEDIA RELEASE
HolidayCheck Group expands share of package holiday market in third quarter
of 2016
Munich, Germany, 8 November 2016 - HolidayCheck Group AG increased its
market share in the first nine months of 2016 against a background of
generally weak industry activity.
In the first half of 2016, overall industry revenue from the package
holiday market declined by 5 to 10 percent. This trend continued at the
start of the third quarter, partly as a result of the attempted coup in
Turkey. As the quarter progressed, however, market conditions began to
return to normal with a clear recovery in demand for bookings, especially
in September. This positive trend continued in October.
In the third quarter of 2016, repeating its success over the first half-
year, HolidayCheck AG generated revenue growth of around six percent in its
biggest market, the package holiday business, and once again increased its
market share.
Excluding discontinued operations, third-quarter revenue at the Dutch
subsidiary WebAssets B.V. rose by 6 percent year on year. As expected, the
overall revenue figure was slightly lower 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.
HolidayCheck Group AG's consolidated revenue for the first three quarters
was up by a small margin of 1.3 percent from EUR 83.5 million in 2015 to
EUR 84.6 million in the current financial year. At EUR 29.6 million, third-
quarter consolidate revenue was 2.8 percent higher compared with EUR 28.8
million in the same period of 2015.
EBITDA showed a tangible recovery in the third quarter of 2016. At EUR 2.4
million, the figure was roughly on a par with the same quarter of 2015 (EUR
2.5 million). EBITDA for the first three quarters of 2016 stood at EUR 3.4
million, down 18.0 percent compared with the total of EUR 4.1 million over
the same period in 2015.
EBIT for the first nine months of 2016 stood at minus EUR 0.7 million
compared with minus EUR 0.6 million in the same period of 2015. Third-
quarter EBIT was unchanged year on year at EUR 1.0 million.
The financial result in the first nine months of 2016 rose to EUR 0.1
million compared with minus EUR 1.1 million in the same period of 2015. The
financial result in the third quarter of 2016 stood at EUR 0.1 million
compared with minus EUR 0.4 million in the same quarter of 2015.
EBT for the first three quarters improved from minus EUR 1.7 million in
2015 to minus EUR 0.6 million in the current financial year. Third-quarter
EBT stood at EUR 1.1 million (third quarter 2015: EUR 0.6 million).
Consolidated net income/loss from continuing operations in the first three
quarters of 2016 was minus EUR 0.8 million, up from minus EUR 2.8 million
in the same period of 2015. The third-quarter figure was also improved year
on year at EUR 0.9 million compared with EUR 0.2 million in 2015.
Consolidated earnings per share from continuing operations stood at minus
EUR 0.01 in the first three quarters of 2016 compared with minus EUR 0.05
in the same period of 2015. The third-quarter figure for 2016 was EUR 0.02
compared with EUR 0.00 in the same quarter of 2015.
Following a substantial reduction in total debt, the equity ratio as at 30
September 2016 was 86.3 percent, well up from the 2015 year-end figure of
76.3 percent.
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 and in light of a
significant improvement in October, the Management Board believes that the
revenue of the HolidayCheck Group could rise in financial 2016 by a
percentage figure in the middle single digits (and therefore above the
industry average) compared with the previous year's adjusted figure of EUR
103.1 million.
In the view of the Management Board, the planned investments in products
and services referred to above will have a positive impact on consolidated
revenue and thus on the HolidayCheck Group's 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 nine months 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 Munich
Germany
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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08.11.2016 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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518249 08.11.2016
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