lm group lifts guidance, stimulated by strong summer months

Amsterdam / Chiasso, 26 October 2018 - lm group, a European leader in the online travel and leisure industry, today updated the guidance for the full-year 2018.

Core Business EBITDA is expected to reach €36-38M (former guidance was € 32-34M) in 2018 vs. € 27.5M in 2017, +33-38% year-over-year. Group Revenues are expected to be in line with expectations thus above €280M.

Main reason for the improved guidance is that the Group's operations in the high-volume summer months performed very well, thanks to the OTA and, primarily, its Holidays business. Dynamic Packages and Tour Operator Packages continued to develop strongly, as showed already in the first half-year 2018.

The META business keeps growing at a good pace.

Aboutlm group

lm group is among the worldwide leaders in the online travel industry and operates a portfolio of well-known brands such as lastminute.com, Volagratis, Rumbo, weg.de, Bravofly, Jetcost and Hotelscan. The Group's mission is to be the most relevant and inspiring travel company, committed to enriching the life of travellers. Every month, the Group touches 45 million users across all its websites and mobile apps (in 17 languages and 40 countries) who search for and book their travel and leisure experiences with us. More than 1,200 people enjoy working with us and contribute to providing our audience with a comprehensive and inspiring offering of travel related products and services. lastminute.com N.V. is a publicly traded company listed under the ticker symbol LMN on SIX Swiss Exchange.


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