DGAP-News: Design Hotels AG Report Results for the First Half-Year 2013
(firmenpresse) - DGAP-News: Design Hotels AG / Key word(s): Half Year Results
Design Hotels AG Report Results for the First Half-Year 2013
24.07.2013 / 20:58
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Design Hotels AG Report Results for the First Half-Year 2013
- Increase in Revenue by 15 %
- EBITDA goes up to 257,000 Euro
Berlin, July 24, 2013 - Design Hotels AG (m:access, Munich: LBA; ISIN:
DE0005141006) today reports the results for the first half-year of 2013
according to the German
Commercial Code (HGB).
Financial Highlights for the Group:
Revenues for the first half-year 2013 increased by around 15 % to Euro
6.74m (last year 5.86m). Booking commissions increased by around 15 % to
Euro 3.05m (2.65m) and with 45% remain the largest contributor to total
revenues. Revenues from membership fees grew by 7% to Euro 1.55m (1.45m).
Revenues from Marketing Products/Consulting increased by 22% to Euro 2.14m
(1.76m).
Gross margin for the first half-year came in at 65% (last year 65%).
Margins on Sales&Marketing products and Services may vary throughout the
year.
EBITDA for the first half-year came in at Euro 257,000 (58,000), which is
an increase of 340 %.
EBIT for the first half-year showed a Euro 152,000 profit, compared to a
Euro 106,000 loss in the same period last year.
The Net Profit for the first half-year came in at Euro 111,000, compared to
a Euro 88,000 loss in the same period last year. The profit per share was
Euro 0.01 (last year -0.01).
On June 30, 2013, Design Hotels had cash and cash equivalents in the amount
of Euro 3.45m, as compared to Euro 4m on December 31, 2012. At the end of
the reporting period, shareholders' equity was Euro 4.34m, as compared to
Euro 4.29m at the beginning of the financial year. The balance sheet was
free of debts and noteworthy goodwill.
Comments:
CEO Claus Sendlinger commented, 'We are very content with the developments
in the first half of this year. We were able to grow revenues in all three
main business areas; especially in Marketing Products/Consulting, where we
increased our sales&marketing products and services offering to our
member hotels. We further managed to increase the average daily rate as
well as the amount of generated bookings to the member hotels. This
reconfirms our qualitative growth strategy. I am particularly pleased with
the positive operational result.'
'In the first half of this year Design Hotels was able to grow above
industry average. International arrivals increased by about 4 %. The
continuously uncertain world economy, especially in Europe as a result of
the financial crisis and regional unrests as in Turkey, does not show an
impact on the overall travel behavior so far.'
'We are very optimistic about the future business and believe to continue
our growth path and achieve our set operational goals at the end of the
year', concluded Sendlinger.
For more information:
Design Hotels AG
Claus Sendlinger (CEO)
Stralauer Allee 2c
10245 Berlin
Tel. +49 (0)30 884 940 014
Fax +49 (0)30 259 330 17
ir(at)designhotels.com
About Design Hotels
Design Hotels represents and markets a curated selection of more than 240
independent hotels in over 40 countries across the globe. More than a
collection of hotels, the company is a collection of stories. Each property
reflects the ideas of a visionary hotelier, an 'Original,' someone with a
passion for genuine hospitality, cultural authenticity, thought-provoking
design and architecture. Each 'Original' stands for the individual,
aesthetic and service-driven experience that his or her hotel
provides.??Founded by Claus Sendlinger in 1993, Design Hotels(TM) offers
its members insightful travel industry knowledge, from market trend
consultancy to international sales representation. The company has its
headquarters in Berlin and branches in London, Barcelona, New York,
Singapore and Perth.
www.designhotels.com, ISIN : DE0005141006, m:access Munich Stock Exchange
(Regulated Unofficial Market)
End of Corporate News
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Datum: 24.07.2013 - 20:58 Uhr
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