HolidayCheck Group AG announced consolidated earnings results for the second quarter and first half of 2018. The company reported at EUR 7.2 million, EBITDA (earnings before interest, tax, depreciation and amortisation) for the first half of 2018 was up 380.0% year on year against EUR 1.5 million a year ago. EBIT (earnings before interest and tax) for the first half-year improved from minus EUR 1.5 million in 2017 to EUR 4.1 million in the period under review. EBT (earnings before taxes) increased to EUR 4.0 million in the first half of 2018 against negative EUR 1.6 million a year ago. Consolidated profit improved to EUR 3.0 million in the first half of 2018 compared with negative EUR 1.8 million in the same period of 2017. Basic and diluted earnings per share were up to EUR 0.05 in the first half of 2018 compared with negative EUR 0.03 in the same period of 2017.

The company reported at EUR 31.4 million, second-quarter revenue was 13.4% up on the 2017 figure of EUR 27.7 million. Second-quarter EBITDA increased from minus EUR 2.7 million in 2017 to EUR 1.2 million in the current financial year. Second-quarter EBIT rose from negative EUR 4.3 million in 2017 to negative EUR 0.4 million in 2018. EBT in the second quarter of 2018 rose to minus EUR 0.4 million against minus EUR 4.3 million a year ago. Second-quarter consolidated profit rose to minus EUR 0.4 million in 2018 compared with minus EUR 3.7 million in the previous year. Basic and diluted earnings per share for the second-quarter figure for 2018 increased to minus EUR 0.01 compared with minus EUR 0.06 in the second quarter of 2017.

In light of the positive development of business in the first half of 2018, the company has increased its forecasts for consolidated revenue and operating EBITDA for the year as a whole. The company now expects revenue to grow by between 10.0% and 14.0% in financial 2018. The corresponding forecast for operating EBITDA is between EUR 7.0 million and EUR 10.0 million. In the original forecast for 2018, an increase of between 8% and 13% in revenue, with operating EBITDA between EUR 2.5 million and EUR 6.5 million had been anticipated.