HolidayCheck Group AG Reports Consolidated Earnings Results for the Third Quarter and Nine Months of 2016; Provides Earnings Guidance for the Full Year of Fiscal 2016
For the nine months, consolidated revenue was up by a small margin of 1.3% from EUR 83.5 million in 2015 to EUR 84.6 million in the current financial year. EBITDA stood at EUR 3.4 million, down 18.0% compared with the total of EUR 4.1 million over the same period in 2015. LBIT stood at EUR 0.7 million compared with EUR 0.6 million in the same period of 2015. The financial result rose to EUR 0.1 million compared with loss of EUR 1.1 million in the same period of 2015. LBT improved from EUR 1.7 million in 2015 to EUR 0.6 million in the current financial year. Consolidated net loss from continuing operations was EUR 0.8 million, up from EUR 2.8 million in the same period of 2015. Loss per share from continuing operations stood at EUR 0.01 compared with EUR 0.05 in the same period of 2015.
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 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.