HolidayCheck Group AG
HolidayCheck Group AG achieves substantial revenue and earnings growth in first quarter of 2017
DGAP-News: HolidayCheck Group AG / Key word(s): Quarterly / Interim Statement Quarterly media release Munich, Germany, 5 May 2017 – HolidayCheck Group AG can look back on a successful first quarter in the financial year 2017. Both revenue and earnings ended the period significantly higher compared with the first quarter of 2016, exceeding the Management Board’s original forecast. Based on the company’s own assessment, providers operating in the online package holiday segment benefitted particularly from a strong recovery in this market in Central Europe. Against this industry background, HolidayCheck Group AG’s first-quarter revenue rose by 11 percent (EUR 3.3 million) year on year from EUR 30.1 million to EUR 33.4 million. At EUR 4.2 million, EBITDA (earnings before interest, tax, depreciation and amortisation) ended the period 600 percent (EUR 3.6 million) higher compared with the first-quarter figure of EUR 0.6 million in 2016. Operating EBITDA (operating earnings before interest, tax, depreciation and amortisation) increased by 1,000 percent (EUR 4.0 million) from EUR 0.4 to EUR 4.4 million. EBIT (earnings before interest and tax) improved from minus EUR 0.7 million in the first quarter of 2016 to EUR 2.8 million, an increase of EUR 3.5 million. EBT (earnings before tax) rose by EUR 3.5 million from minus EUR 0.7 million in the first quarter of 2016 to EUR 2.8 million in the period under review. At EUR 1.9 million, consolidated net profit/(loss) from continued operations in the first quarter was up by EUR 2.6 million in 2017 from the corresponding figure of minus EUR 0.7 million in 2016. Basic and diluted earnings per share from continuing operations rose by EUR 0.04 from minus EUR 0.01 in the first quarter of the previous year to EUR 0.03 in the first quarter of 2017. Due to the recovery in business activity, the Group’s equity ratio as at 31 March 2017 fell back slightly to 83.7 percent compared with the 2016 year-end figure of 86.1 percent. As at 31 March 2017, cash and cash equivalents stood at EUR 35.4 million, an increase of EUR 1.6 million on the figure of EUR 33.8 million as at 31 March 2016. Outlook Despite the Group’s pleasing first-quarter results, the Management Board has decided for the time being to maintain its revenue and earnings forecasts for 2017 as a whole, mainly in view of its investment plans. Excluding any equity investment acquisitions and disposals of long-term equity investments, the Management Board’s forecast for 2017 anticipates a high single-digit percentage increase in Group revenue. Note on publication About HolidayCheck Group AG: Media and Investor Relations HolidayCheck Group AG phone: +49 (0)89 357 680 901 email: armin.blohmann@holidaycheckgroup.com www.holidaycheckgroup.com
05.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | HolidayCheck Group AG |
Neumarkter Str. 61 | |
81673 München | |
Germany | |
Phone: | +49 89 357680 901 |
Fax: | +49 89 357680 999 |
E-mail: | armin.blohmann@holidaycheckgroup.com |
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 |