HolidayCheck Group AG reported earnings results for the first quarter ended March 31, 2017. The company reported first-quarter revenue rose by 11%, EUR 3.3 million year on year from EUR 30.1 million to EUR 33.4 million. At EUR 4.2 million, EBITDA ended the period 600%, EUR 3.6 million higher compared with the first-quarter figure of EUR 0.6 million in 2016. Operating EBITDA increased by 1,000%, EUR 4.0 million from EUR 0.4 to EUR 4.4 million. LBIT improved from EUR 0.7 million in the first quarter of 2016 to EBIT of EUR 2.8 million, an increase of EUR 3.5 million. EBT (earnings before tax) rose by EUR 3.5 million from LBT of EUR 0.7 million in the first quarter of 2016 to EBT of EUR 2.8 million in the period under review. At EUR 1.9 million, consolidated net profit from continued operations in the first quarter was up by EUR 2.6 million in 2017 from the corresponding figure of net loss of EUR 0.7 million in 2016. Basic and diluted earnings per share from continuing operations rose by EUR 0.04 from loss of EUR 0.01 in the first quarter of the previous year to EUR 0.03 in the first quarter of 2017.

The Management Board's forecast for 2017 anticipates a high single-digit percentage increase in Group revenue. Targeted investments in personnel and marketing are designed to support the sustainable expansion of portfolio of travel products and advice services. On this basis, the Management Board's forecast for operating EBITDA in financial 2017 is a range between minus EUR 5 million and EUR 0 million.