HolidayCheck Group AG adjusts its revenue and earnings guidance for financial 2019

Ad hoc release, Munich, Germany, 19 September 2019, 11:56 CET – HolidayCheck Group AG is adjusting its full-year guidance for its revenue growth and operating EBITDA.

For the year 2019 HolidayCheck Group AG now expects a revenue growth between 3.0 percent and 6.0 percent and an operating EBITDA between EUR 7.5 million and EUR 10.5 million.

The previous forecast for the financial year was revenue growth between 7.0 percent and 9.0 percent and an operating EBITDA between EUR 8.5 million and EUR 11.5 million.

The reason for the adjustment is that business development in the third quarter was below original expectations, from which the Management Board anticipates restrained business development in the fourth quarter. Overall, this means that in the second half of the year it will not be possible to fully compensate for the business performance in the first half, which fell short of original expectations.

About HolidayCheck Group AG:

HolidayCheck Group AG (ISIN DE005495329), Munich, Germany, is one of Europe’s leading digital travel firms for holidaymakers. With a total workforce of around 490, HolidayCheck Group AG comprises HolidayCheck AG (which operates hotel review and travel booking portals by the same name), HC Touristik GmbH (which operates the travel agent HolidayCheck Reisen), Driveboo AG (which operates the car rental portals MietwagenCheck and Driveboo) and WebAssets B.V. (which operates the Zoover hotel review portals and the MeteoVista/WeerOnline weather portals). HolidayCheck Group’s vision is to become the world’s most holidaymaker-friendly company in the world.