HolidayCheck Group AG Reports Consolidated Earnings Results for the Third Quarter and Nine Months of 2017; Provides Earnings Guidance for the Full Year of Fiscal 2017
For the nine months, the company reported revenue rose by EUR 8.6 million from EUR 84.6 million in 2016 to EUR 93.2 million in the current financial year. Operating EBITDA stood at EUR 1.2 million, down EUR 1.7 million compared with the total of EUR 2.9 million over the same period in 2016. LBITDA ended under review at EUR 0.1 million, down EUR 3.5 million against EBITDA of EUR 3.4 million a year ago. LBIT stood at EUR 4.5 million, down EUR 3.8 million compared with the figure of EUR 0.7 million in the same period of 2016. LBT fell by EUR 4.0 million from EUR 0.6 million in the same period of 2016 to EUR 4.6 million in the current financial year. Consolidated net loss from continuing operations was EUR 4.9 million, down EUR 4.1 million on the figure of EUR 0.8 million in the same period of 2016. Consolidated net loss was EUR 4.6 million, down EUR 3.8 million from EUR 0.8 million in 2016. Basic and diluted loss per share from continuing operations fell by EUR 0.08 from EUR 0.01 in the first three quarters of 2016 to EUR 0.09 in the period under review.
For the full year 2017, the company anticipates an increase of between 7% and 11% in consolidated revenue. Reflecting a series of targeted investments in personnel and marketing to help generate a sustained expansion in its portfolio of product and advisory services for holidaymakers, the figure for operating LBITDA is expected to lie between EUR 5 million and EUR 0 million. In light of the positive results obtained in the first nine months of the current financial year, a pattern which continued in October, the Management Board believes there is a good chance that both revenue and operating EBITDA for the full year will be in the top third of the forecast ranges.