Ad hoc announcement - München, 31 January 2018, 11:53 CET – According to preliminary figures, HolidayCheck Group AG experienced a consolidated group revenue in financial 2017 of EUR 121.6 Million versus EUR 107.3 Million in FY 2016 (+13.3 percent). Consolidated operating EBITDA (operating Earnings Before Interest, Taxes, Depreciation and Amortisation) is expected at EUR 1.5 Million versus EUR 2.7 Million in FY 2016 (-44.4 percent).
Expected operating EBITDA for FY 2017 is notably higher than previously guided in December 2017. The primary driver is better than expected commission payments. As a result of these payments and overall favorable Q4 business conditions consolidated group revenue exceeded our previous guidance of 7 to 11 percent revenue growth.
The final results for financial 2017 will be published on March 21, 2018.
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 400, HolidayCheck Group AG comprises HolidayCheck AG (which operates hotel review and travel booking portals by the same name), Driveboo AG (which operates the car rental portal MietwagenCheck) 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.