Design Hotels Ag Reports Unaudited Consolidated Earnings Results for the First Half Ended June 30, 2014; Provides Earnings Guidance for the Full Years of 2014 and 2015
The company provided earnings guidance for the full years of 2014 and 2015. For the year 2014, the company expects a revenue growth of 10.25% compared to 2013. The company also expects an increase of earnings before interest and taxes by 36.32% compared to 2013.
For the year 2015, the company expects a revenue growth of 8.26% compared to 2014. The company also expects an increase of earnings before interest and taxes by 36.32%. The company also expects an increase of earnings before interest and taxes by 23.09% compared to 2014. The statement in the Status Report (Lagebericht) 2013, that revenues will grow in the lower double digits in 2014 and 2015, was and is wrong for the year 2015. Revenue for 2015 was and is expected to grow by 8.26%, thus a one digit percentage growth. The respective mistake in the Status Report is an editorial error.