08.05.2018
HolidayCheck Group AG DE0005495329
DGAP-News: HolidayCheck Group AG achieves substantial revenue and earnings growth in first quarter of 2018
DGAP-News: HolidayCheck Group AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
HolidayCheck Group AG achieves substantial revenue and earnings growth in
first quarter of 2018
08.05.2018 / 07:16
The issuer is solely responsible for the content of this announcement.
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Quarterly media release
HolidayCheck Group AG achieves substantial revenue and earnings growth in
first quarter of 2018
Munich, Germany, 8 May 2018 - HolidayCheck Group AG can look back on a
successful first quarter in the financial year 2018. Both revenue and
earnings ended the period significantly higher compared with the first
quarter of 2017, exceeding the Management Board's original forecast.
Based on the company's own assessment, providers operating in the online
package holiday segment, including the HolidayCheck Group, benefitted
particularly in the first quarter of 2018 from a continuation of the buoyant
conditions in this market in Central Europe in the fourth quarter of 2017.
At the same time, the Management Board believes that the investments made in
personnel, IT and marketing over the course of 2017 have had a positive
impact on Group revenue.
Against this background, HolidayCheck Group AG achieved a 24.0 percent (EUR
8.0 million) increase in revenue in the first quarter of 2018 to EUR 41.4
million compared with EUR 33.4 million in the same period of 2017.
At EUR 6.0 million, EBITDA (earnings before interest, tax, depreciation and
amortisation) ended the period 44.2 percent higher (plus EUR 1.8 million)
compared with the first-quarter figure of EUR 4.2 million in 2017.
Operating EBITDA (operating earnings before interest, tax, depreciation and
amortisation) increased by 40.9 percent (plus EUR 1.8 million) from EUR 4.4
million in the first quarter of 2017 to EUR 6.2 million in the period under
review.
EBIT (earnings before interest and tax) improved by 60.7 percent from EUR
2.8 million in the first quarter of 2018 to EUR 4.5 million (plus EUR 1.7
million).
EBT (earnings before tax) rose by 57.1 percent from EUR 2.8 million to EUR
4.4 million in the period under review (plus EUR 1.7 million).
At EUR 3.4 million, consolidated net profit/(loss) from continued operations
was up by EUR 1.5 million in 2018 from the corresponding 2017 figure of EUR
1.9 million (plus 78.9 percent).
Basic and diluted earnings per share from continuing operations rose by
100.0 percent from EUR 0.03 in the same period of the previous year to EUR
0.06 in the first quarter of 2018 (plus EUR 0.03).
Outlook
The HolidayCheck Group's vision is to become the most holidaymaker-friendly
company in the world. Our goal is to continuously expand our portfolio of
holiday services. The company therefore intends to invest consistently in
measures to speed up the further development of its existing products and
services (with an emphasis on the core fields of package holidays, 'hotel
only' bookings and cruises). We also have plans for the development of new
products and services in adjoining areas and for the steady expansion of our
data intelligence systems and customised travel advice service. This will
entail a moderate increase in personnel at HolidayCheck Group AG's
subsidiaries, mainly in the areas of product and IT development and travel
advice, and consequently a modest increase in personnel costs.
HolidayCheck Group AG's subsidiaries also intend to make further investments
in marketing in the form of direct sales promotions and other measures
designed to give a sustained boost to the profile of their various brands.
We plan to continue the brand marketing campaign successfully launched by
HolidayCheck in June of last year throughout the whole of 2018. As such,
over the first six months, we will be investing much more heavily in brand
advertising (e.g. TV advertising) than in the same period of 2017.
For the time being, despite the very positive revenue and earnings figures
achieved in the first quarter of 2018, the Management Board intends to
maintain its forecast for 2018 as a whole unchanged. In specific terms, the
Management Board anticipates a year-on-year 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 and any
new company formations.
As a result of the personnel and marketing investments mentioned above, the
Management Board expects operating EBITDA in financial 2018 to lie between
EUR 2.5 million and EUR 6.5 million.
Note on publication
The German version of the interim report for the first quarter of 2018 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 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 HolidayCheck Group AG
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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08.05.2018 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.
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 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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683393 08.05.2018
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