21.03.2018
HolidayCheck Group AG DE0005495329
DGAP-News: HolidayCheck Group AG publishes definitive results for 2017
DGAP-News: HolidayCheck Group AG / Key word(s): Final Results
HolidayCheck Group AG publishes definitive results for 2017
21.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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Corporate News
HolidayCheck Group AG publishes definitive results for 2017
Munich, Germany, 21 March 2018 - HolidayCheck Group AG can look back on a
successful financial year in 2017. Both revenue and operating EBITDA
exceeded the company's forecasts by a considerable margin.
In the company's own assessment, the Central European package holiday sector
generated mid-single digit revenue growth in percentage terms thanks to a
more stable geopolitical situation in the most popular holiday destinations.
In the view of the Management Board, growth among online travel agencies is
likely to have been a little above this figure.
Against this wider industry background, HolidayCheck Group AG saw a
year-on-year increase of 13.3 percent in revenue from EUR 107.3 million in
2016 to EUR 121.6 million, thus exceeding its original forecast of 5 to 10
percent growth.
At EUR 28.4 million, fourth-quarter revenue was up by as much as 25.1
percent compared with EUR 22.6 million for the same period of 2016, thanks
to greater demand for bookings.
At EUR 0.2 million, EBITDA (Earnings before interest, taxes, depreciation
and amortisation) was 93.0 percent down on the 2016 total of EUR 2.8
million.
At EUR 1.6 million, operating EBITDA (operating earnings before interest,
tax, depreciation and amortisation) was 42.4 percent down on the 2016 figure
of EUR 2.7 million. In its original forecast, the company had set a target
of between minus EUR 5 million and break-even for operating EBITDA.
EBIT (earnings before interest and tax) stood at minus EUR 5.7 million in
financial 2017 compared with minus EUR 3.0 million in the previous year.
EBT (earnings before taxes) were minus EUR 5.9 million in 2017 (2016: minus
EUR 2.8 million).
Consolidated net profit/(loss) was minus EUR 5.9 million in 2017 compared
with minus EUR 2.9 million in 2016.
Basic and diluted earnings per share from all operations were minus EUR 0.10
in 2017 compared with minus EUR 0.05 in 2016.
As at 31 December 2017, the equity ratio was unchanged year on year at 86.1
percent.
Cash and cash equivalents at the end of 2017 stood at EUR 26.2 million, down
from EUR 40.1 million at the end of 2016.
Outlook
The HolidayCheck Group's vision is to become the most holidaymaker-friendly
company in the world. To achieve this goal, we plan to constantly expand our
portfolio of holiday services, partly by investing in measures to speed up
the further development of our existing products and services (with an
emphasis on the core fields of package holidays, 'hotel only' bookings and
cruises) and partly by developing new products and services in adjoining
areas. We also intend to invest in the steady expansion of our data
intelligence systems and customised travel advice service.
We also plan to make further investments in marketing that involve both
direct sales promotions and other measures designed to give a sustained
boost to the profile of our various brands.
The goal of these measures is to improve the overall user experience and
consequently generate faster revenue growth. At the same time, beginning in
the second half of 2018, we aim to keep the rate of increase in our
marketing and personnel costs below that of our revenue growth.
The Management Board anticipates a further increase of between 8 and 13
percent in the HolidayCheck Group's total revenue in 2018, after adjusting
for any acquisitions or disposals of long-term equity investments.
As a result of the personnel and marketing investments outlined above, the
Management Board expects operating EBITDA in financial 2018 to lie between
EUR 2.5 million and EUR 6.5 million.
In the first two months of the financial year of 2018, HolidayCheck Group AG
generated a clear double-digit increase in revenue. Over the same period,
growth in operating EBITDA was in similarly positive territory. In the view
of the Management Board, we will need to see the Group's operating results
for the second and third quarters before we can point to a sustained trend
for the year as a whole.
About HolidayCheck Group AG:
HolidayCheck Group AG (ISIN DE005495329), Munich, Germany, is one of
Europe's leading digital firms for holidaymakers. With a total workforce of
around 450, HolidayCheck Group AG comprises HolidayCheck AG (which operates
hotel review and travel booking portals by the same name); Driveboo AG
(which operates 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 contact
HolidayCheck Group AG
Armin Blohmann
Neumarkter Strasse 61
81673 München
Germany
phone +49 (0)89 357 680 901
fax +49 (0)89 357 680 999
email [email protected]
www.holidaycheckgroup.com
http://twitter.com/HolidayCheckGrp
http://facebook.de/HolidayCheckGroup
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21.03.2018 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.
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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 89 357680 901
Fax: +49 89 357680 999
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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666555 21.03.2018
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