DGAP-News: hotel.de reports successful start to new financial year
(firmenpresse) - hotel.de AG / Quarter Results
18.05.2010 09:42
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hotel.de reports successful start to new financial year
- Sales rise by 7.5% to Euro 7.46 million
- Dynamic developments in corporate customer business
- Forecast upheld for overall 2010 financial year
Nuremberg, 18 May 2010 - hotel.de AG has emerged from the economic crisis
in robust shape and can report sales growth of Euro 0.52 million from Euro
6.94 million to Euro 7.46 million in the first quarter of 2010. This growth
was driven on the one hand by the recovery in private and business customer
travel volumes, and on the other by ongoing marketing and sales measures in
conjunction with a higher rate of new customer totals. The international
business contributed Euro 2.95 million to total sales (previous year: Euro
2.59 million), as a result of which the international share of sales rose
to 39.5% (previous year: 37.4%). Sales in Germany grew from Euro 4.35
million to Euro 4.52 million.
This increase in sales volumes and the cost-cutting measures introduced
impacted positively on the company's earnings performance. Earnings before
interest and taxes (EBIT) improved year-on-year by Euro 0.38 million from
Euro -1.17 million to Euro -0.79 million in the first quarter of 2010. Net
income for the period amounted to Euro -0.60 million (previous year: Euro
-1.04 million). The company's consistent investment in its international
expansion burdened quarterly earnings to the tune of Euro 1.00 million.
Outlook
The climate in the sector has improved significantly compared with the
previous year. The business travel segment in particular has benefited from
the gradual economic recovery. Due to increased cost pressure, companies
will nevertheless continue to look at their cost structures very closely in
future and opt for less expensive booking and travel solutions. Here,
cost-saving online booking systems are also playing an ever more important
role. 'Our corporate customer business showed a very pleasing start to the
year. We are seeing ever greater interest in inexpensive online solutions.
Here, we have also been able to access increasing numbers of interested
medium-sized companies and large well-known players that were not open to
our products before the crisis. We expect this to impact positively on our
booking volumes in the coming months', commented Dr. Heinz Raufer, CEO of
hotel.de AG.
The company also expects the launch of its 'Hotelcenter' to generate
positive momentum for its international business in the coming months.
Here, hotels from all round the world can register themselves easily,
conveniently and quickly on hotel.de, input the relevant hotel information
at their own initiative and thus make themselves directly available for
bookings via www.hotel.de and www.hotel.info. This way, hotel.de is laying
a foundation to improve the range of hotels it offers at international
destinations. With targeted advertising, this should lead to higher booking
rates and increased commission revenues.
Furthermore, sales and earnings for the 2010 financial year as a whole
should benefit from the planned increase in the hotel commission margin
from its current average of around 11.1% to an average of around 12.0%.
hotel.de will nevertheless still be the least expensive provider on the
market. Against this backdrop, the Management Board has confirmed its sales
and earnings forecast for the overall 2010 financial year. 'The first
quarter is traditionally our weakest period,' remarked Dr. Raufer.
'However, the measures we have taken to enhance our sales and our
efficiency will enable us to consistently improve our key figures in the
coming months. For 2010 as a whole, we therefore still expect to generate
sales growth in a low double-digit percentage range and operating earnings
slightly in excess of the previous year's figure.'
The extensive quarterly report is available for downloading from the
Investor Relations section of the company's homepage at www.hotel.de.
hotel.de AG
hotel.de AG, with its international brand hotel.info, operates a free hotel
reservation service for companies and private customers at www.hotel.de and
www.hotel.info. The company offers more than 210,000 hotels worldwide for
booking online. Customers benefit in this respect from considerable cost
savings. hotel.de shows all available room rates for each hotel, thus
always enabling customers to select the lowest or most appropriate rate.
All bookings are forward simultaneously, securely and directly to the
individual hotel. This is guaranteed by the unique integration of hotels'
own reservation systems (so-called CRS and PMS systems) and hotel.de's own
myRES reservation system under hotel.de's standard user surface. hotel.de's
corporate application is already used by well-known companies, such as
BASF, SAP AG, Texas Instruments and Ernst&Young AG. Since January 2007,
hotel.de has extended its portfolio to include a conference enquiries and
booking system. Business customers in particular stand to save time and
money due to the optimised conference organisation processes facilitated by
this conference tool.
hotel.info
hotel.info - the international brand of hotel.de AG - was created to
promote the company's expansion into international markets. To acquire new
customers and hotels abroad, sales offices have already been opened in the
UK (London), France (Paris), Spain (Barcelona), Italy (Rome) and China
(Shanghai). The company's high share of business customers with
international operations facilitates its entry into new markets. The aim is
to establish hotel.info as the leading online hotel reservation service for
business and private customers in the foreign markets mentioned and then
step by step across the whole of Europe.
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Press contact:
hotel.de AG
Timo Vavrinec
Hugo-Junkers-Str. 15-17
90411 Nuremberg
Tel: +49 (0)911-59832-0
Fax: +49 (0)911-59832-11
E-mail: presse(at)hotel.de
www.hotel.de
Haubrok Investor Relations GmbH
Simone Gorny
Kaistraße 16
40211 Düsseldorf
Tel: +49 (0)211-30126-130
Fax: +49 (0)211-30126-5130
E-mail: s.gorny(at)haubrok.de
www.haubrok.de
18.05.2010 09:42 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: hotel.de AG
Hugo-Junkers-Str. 15-17
90411 Nürnberg
Deutschland
Phone: +49 (0)911 59832 2600
Fax: +49 (0)911 5983 211
E-mail: kleindienst(at)hotel.de
Internet: www.hotel.de
ISIN: DE0006910938
WKN: 691093
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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Datum: 18.05.2010 - 09:42 Uhr
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