DGAP-News: hotel.de AG announces key figures for 2010
(firmenpresse) - DGAP-News: hotel.de AG / Key word(s): Preliminary Results
hotel.de AG announces key figures for 2010
28.02.2011 / 09:27
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hotel.de announces key figures for 2010
- Sales growth of 11.8% to Euro 36.17 million
- EBIT more than doubles from Euro 0.89 million to Euro 2.03 million
- Planned increase in dividend from Euro 0.27 to Euro 0.47
Nuremberg, 28 February 2011 - hotel.de AG has left the implications of the
financial and economic crisis behind and can look back on a successful 2010
financial year. The company's operating business benefited in the past year
from the economic recovery and the resultant increase in travel activities
among private and business customers alike. Sales thus grew year-on-year by
11.8% from Euro 32.37 million to Euro 36.17 million. With 16.0% growth to
Euro 15.25 million, sales in the international business improved
disproportionately, as a result of which the international share of sales
rose from 40.6% to 42.2%. On the one hand, this development involved a
process of catching up, as international sales were far harder hit by the
crisis in 2009. On the other hand, business here also benefited from the
targeted investments made in the company's internationalisation.
Key earnings figures reflect benefits of scale
These higher sales volumes contributed to a substantial improvement in
earnings in the past financial year. Earnings before interest and taxes
(EBIT) thus surged by 128.1% from Euro 0.89 million to Euro 2.03 million,
while the annual net surplus grew from Euro 1.04 million to Euro 1.78
million.
'Our earnings performance reflects the first benefits of scale from the
internationalisation strategy we have consistently pursued. We aim to latch
onto this performance in the current financial year as well', explained Dr.
Heinz Raufer, CEO of hotel.de AG. 'Over and above that, we have achieved a
further relative reduction in our costs, especially by exploiting the
increasing automation of hotel registration and administration processes
and by consistently raising the efficiency and effectiveness of our search
engine marketing.'
Dividend proposal: Euro 0.47 per share
The Management and Supervisory Boards of hotel.de AG propose to draw on the
annual net surplus to distribute a dividend of Euro 0.47 per share. This
corresponds to a year-on-year increase of 74.1% (previous year: Euro 0.27
per share). Based on the company's current share price of around Euro
14.00, the dividend yield thus amounts to 3.4%.
Outlook for the current 2011 financial year
hotel.de AG expects to see further growth in the market for online travel
services. This expectation is backed up by increased cost pressure at many
companies, which has boosted demand for time and cost-saving booking
alternatives. Private customers too are increasingly booking journeys
online, a factor also supported by the rapid development in mobile internet
applications.
'We are superbly positioned to benefit from the dynamic market climate. Our
aim for 2011 is to achieve sales growth in a low double-digit percentage
range and further improve our EBIT. We expect to see positive momentum in
particular from the ongoing expansion in our IT platform, which will help
enhance our efficiency and increase the speed at which we can acquire
foreign hotels', commented Dr. Raufer with regard to the company's
objectives for the current year.
The 2010 Annual Report, including extensive information about the past
financial year, will be published in the Investor Relations section of the
company's website at www.hotel.de on 8 April 2011.
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
Aleksander Szumilas
Hugo-Junkers-Str. 15-17
90411 Nürnberg
Fon: 0911-59832-0
Fax: 0911-59832-11
E-Mail: presse(at)hotel.de
www.hotel.de
Haubrok Investor Relations GmbH&Co. KG
Simone Cujai
Fon: +49 (0)211-171835-37
Fax: +49 (0)211-171835-38
E-mail: s.cujai(at)haubrok.de
www.haubrok.de
End of Corporate News
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28.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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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: vavrinec(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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113642 28.02.2011
Datum: 28.02.2011 - 09:27 Uhr
Sprache: Deutsch
News-ID 33315
Anzahl Zeichen: 0
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Kategorie:
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