HolidayCheck Group AG publishes preliminary financial results 2019 – operating EBITDA determined to be above full-year earnings guidance

Munich, Germany, 30 January 2020, 10:59 CET – According to preliminary financial results, HolidayCheck Group AG achieved a consolidated group revenue in financial 2019 of EUR 143.7 million versus EUR 138.9 million in FY 2018 (+3.5 percent). Consolidated operating EBITDA (operating earnings before interest, taxes, depreciation and amortisation) is expected at EUR 7.0 million versus EUR 10.7 million in FY 2018 (-34.6 percent).

Operating EBITDA is thus higher than the earnings guidance updated in September 2019, which had assumed operating EBITDA of between EUR 2.0 million and EUR 6.0 million.

The main reason is the lower than expected extraordinary charges on earnings as a result of the insolvency of the German subsidiaries of the Thomas Cook Group.

The financial results for financial 2019 will be published on March 25, 2020.


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.