Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Ireland
  4. Irish Stock Exchange
  5. Datalex plc
  6. News
  7. Summary
    DLE   IE0000527006

DATALEX PLC

(DLE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Datalex : Arbitration award in favour of Datalex against Lufthansa - 29 September 2021

09/29/2021 | 03:52am EST

Page 1 of 1

Datalex plc

Arbitration award in favour of Datalex against Lufthansa

Dublin, Ireland - 29 September 2021: Datalex plc ("Datalex", the "Company" or the "Group") (Euronext

Growth Dublin: DLE), a market leader in digital retail technology focused on the airline market, announces that the International Court of Arbitration of the International Chamber of Commerce (the "Court") has found in its favour in the arbitration action between its wholly owned subsidiary Datalex Solutions (UK) Limited and Deutsche Lufthansa Aktiengesellschaft ("Lufthansa").

As previously disclosed, Datalex initiated arbitration proceedings on 5 March 2020 before the Court seated in London to recover amounts owed to the Group by Lufthansa in connection with services provided to Lufthansa's subsidiary, Swiss International Airlines Limited. The Court appointed Sole Arbitrator has now ruled in favour of Datalex, finding that (i) Lufthansa must pay Datalex €823,000 plus interest; (ii) Lufthansa must bear its own legal costs and reimburse a portion of Datalex's costs; and (iii) Lufthansa must reimburse Datalex for 50% of its contribution towards the ICC's expenses.

Datalex will continue in pursuit of its other claims against Lufthansa. As previously disclosed, the Group has commenced separate proceedings against Lufthansa in Landgericht Frankfurt (Regional Court of Frankfurt) to recover amounts due from Lufthansa and claiming general business damages, and Lufthansa has counter- claimed, claiming damages and requesting a declaratory judgement for potential further damages. The Company will keep shareholders informed of material developments.

This announcement is released by Datalex plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("EU MAR") and is disclosed in accordance with the Company's obligations under Article 17 of EU MAR.

About Datalex

Datalex is a market leader in digital commerce for travel retail. Datalex provides airlines with unique products to drive revenue and profit as digital retailers. Today the Datalex Digital Commerce Platform enables a travel marketplace of over one billion shoppers covering every corner of the globe, driven by some of the world's most innovative airline retail brands. Datalex's customers include JetBlue Airways, Air China, Tianjin Airlines, West Air, Guangxi Beibu Gulf Airlines, Urumqi Air, Air Changan, SAS, KLM, Turkish Airlines, Copa Airlines, Aer Lingus, Edelweiss, Air Transat and Trailfinders. The Group is headquartered in Dublin, Ireland,

and maintains offices across Europe, the USA and China. Datalex plc is a publicly listed company on Euronext Growth. Learn more at www.datalex.com or follow on twitter @Datalex.

© Datalex PLC

Investor Enquiries

Neil McLoughlin Datalex plc

+353 1 806 3500 neil.mcloughlin@datalex.com

Media Enquiries

Michael Moriarty

FleishmanHillard

+353 87 243 2550 michael.moriarty@fleishmaneurope.com

Disclaimer

Datalex plc published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 07:51:04 UTC.


ę Publicnow 2021
All news about DATALEX PLC
10/27TOP 4 things you need to know about the IATA Airline Retailing Maturity index
PU
09/29DATALEX : Arbitration award in favour of Datalex against Lufthansa - 29 September 2021
PU
09/23DATALEX : Result of Annual General Meeting - 23 September 2021
PU
09/17DATALEX : Director / PDMR Shareholding - 17 September 2021
PU
09/16DATALEX : Aer Lingus partners with Datalex for AI Based Dynamic Pricing Trial
PU
09/03Datalex plc Announces Retirement of Niall O'sullivan as Chief Financial Officer
CI
09/02DATALEX : 2021 Interim Report - 2 September 2021
PU
09/02DATALEX : Directorate Change - 2 September 2021
PU
08/30DATALEX : Notice of Annual General Meeting 2021 - 30 August 2021
PU
08/27DATALEX : Recognised as Best Workplace in Tech
PU
More news
Financials (USD)
Sales 2020 28,1 M - -
Net income 2020 -6,48 M - -
Net Debt 2020 18,8 M - -
P/E ratio 2020 -7,51x
Yield 2020 -
Capitalization 65,3 M 73,5 M -
EV / Sales 2019 2,21x
EV / Sales 2020 2,44x
Nbr of Employees 140
Free-Float 47,6%
Chart DATALEX PLC
Duration : Period :
Datalex plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DATALEX PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 0,80 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Seßn Corkery Chief Executive Officer & Non-Executive Director
Niall Brendan O'Sullivan Chief Financial Officer & Director
David Hargaden Non-Executive Chairman
Ryan Estes Vice President-Technology & Academy
Nic Stirk Chief Operations Officer
Sector and Competitors
1st jan.Capi. (M$)
DATALEX PLC60.64%74
BEST BUY CO., INC.11.18%27 290
GAMESTOP CORP.972.24%15 270
HIKARI TSUSHIN, INC.-31.93%6 850
SUNING.COM CO., LTD.-50.06%5 528
MOBILE WORLD INVESTMENT CORPORATION75.23%4 316