HolidayCheck Group AG reported consolidated earnings results for the third quarter and nine months of 2017. For the quarter, the company reported revenue was EUR 32.0 million compared with EUR 29.6 million in the same period of 2016. Operating LBITDA was EUR 1.5 million, down EUR 4.2 million compared with EBITDA of EUR 2.7 million for the same quarter in 2016. LBITDA was EUR 1.5 million compared with EBITDA of EUR 2.4 million in 2016. The year-on-year fall in EBITDA was anticipated and is primarily due to higher marketing and personnel costs. LBIT was EUR 3.0 million compared with EBIT of EUR 1.0 million a year ago. LBT was EUR 3.1 million compared to EBT of EUR 1.1 million a year ago. Consolidated net loss from continuing operations was EUR 2.8 million compared with profit of EUR 0.9 million a year ago. Consolidated net loss was EUR 2.8 million compared with profit of EUR 0.8 million a year ago. Basic and diluted loss per share from continuing operations was EUR 0.05, down EUR 0.07 compared to earnings per share of EUR 0.02 in 2016.

For the nine months, the company reported revenue rose by EUR 8.6 million from EUR 84.6 million in 2016 to EUR 93.2 million in the current financial year. Operating EBITDA stood at EUR 1.2 million, down EUR 1.7 million compared with the total of EUR 2.9 million over the same period in 2016. LBITDA ended under review at EUR 0.1 million, down EUR 3.5 million against EBITDA of EUR 3.4 million a year ago. LBIT stood at EUR 4.5 million, down EUR 3.8 million compared with the figure of EUR 0.7 million in the same period of 2016. LBT fell by EUR 4.0 million from EUR 0.6 million in the same period of 2016 to EUR 4.6 million in the current financial year. Consolidated net loss from continuing operations was EUR 4.9 million, down EUR 4.1 million on the figure of EUR 0.8 million in the same period of 2016. Consolidated net loss was EUR 4.6 million, down EUR 3.8 million from EUR 0.8 million in 2016. Basic and diluted loss per share from continuing operations fell by EUR 0.08 from EUR 0.01 in the first three quarters of 2016 to EUR 0.09 in the period under review.

For the full year 2017, the company anticipates an increase of between 7% and 11% in consolidated revenue. Reflecting a series of targeted investments in personnel and marketing to help generate a sustained expansion in its portfolio of product and advisory services for holidaymakers, the figure for operating LBITDA is expected to lie between EUR 5 million and EUR 0 million. In light of the positive results obtained in the first nine months of the current financial year, a pattern which continued in October, the Management Board believes there is a good chance that both revenue and operating EBITDA for the full year will be in the top third of the forecast ranges.