DGAP-News: hotel.de announces key figures for first quarter of 2011
(firmenpresse) - DGAP-News: hotel.de AG / Key word(s): Quarter Results
hotel.de announces key figures for first quarter of 2011
17.05.2011 / 10:50
---------------------------------------------------------------------
PRESS INFORMATION
hotel.de announces key figures for first quarter of 2011
- Sales growth of 11.0% to Euro 8.29 million
- Earnings performance affected by investments brought forward
- Full-year forecast for 2011 confirmed
Nuremberg, 17 May 2011 - hotel.de AG increased its sales by 11.0% from Euro
7.46 million to Euro 8.29 million in the first quarter of 2011.
International sales improved year-on-year by 12.6% from Euro 2.95 million
to Euro 3.32 million. The international share of sales thus amounted to
40.0% in the first quarter (previous year: 39.5%). Due to seasonal factors,
the first quarter of the financial year is always the weakest quarter.
Higher growth rates are therefore expected as the year progresses.
hotel.de AG invested around Euro 1.31 million in total, with a
corresponding charge to earnings, in the first three months of the new
financial year. Of this sum, Euro 0.88 million related to budgeted
investments in the company's internationalisation (full-year budget: Euro
3.50 million). Over and above these outlays, additional expenses of Euro
0.43 million were incurred for external project management and in the hunt
for suitable personnel to support the company's IT development. These
one-off investments were necessary to counter delays apparent in this area
since the beginning of this year. Moreover, the translation of online
service offerings into the relevant languages not yet covered was
accelerated, as was the development of mobile applications. The related
investments were brought forward to the first quarter of the year.
What's more, the budgeted increase in marketing expenses by around Euro
0.50 million in the period from January to March 2011, involving a
significant expansion in marketing coverage, has yet to show its desired
impact in the form of additional sales. This was due in particular to
delays in the IT development of the next expansion stage for the company's
own Hotel Centre, as a result of which the development of hotel content in
popular international B and C destinations could not be implemented at the
pace initially planned.
Given these factors, earnings before interest and taxes (EBIT) for the
first quarter, in any case generally weak, amounted to Euro -1.67 million
(previous year: Euro -0.79 million). Net income for the period amounted to
Euro -1.53 million, down from Euro -0.60 million in the previous year's
period.
Outlook
The Management Board of hotel.de AG is upholding its forecast for the 2011
financial year as a whole and accordingly expects to see sales growth in a
low double-digit percentage range and a year-on-year improvement in EBIT. A
similar level of sales growth, accompanied by disproportionate EBIT growth,
is budgeted for 2012.
Dr. Heinz Raufer, CEO of hotel.de AG: 'Following a certain delay, the
increased marketing investments and expenses incurred to accelerate
IT development projects should impact positively on sales in the further
course of the year. We expect to see higher growth rates in the coming
quarters. Assuming a more dynamic business performance in the second and
especially the third quarter, these measures should also be reflected in an
improvement in the company's key earnings figures.'
The complete quarterly report is available for downloading from the
Investor Relations section of the company's website at www.hotel.de.
About hotel.de AG
hotel.de AG operates a global hotel reservation service for companies and
private customers at its www.hotel.de and www.hotel.info addresses.
Available in 37 languages, these websites enable customers to book
accommodation at more than 210,000 hotels in all categories easily, quickly
and at optimal prices. More than 4 million private and business customers
from all around the world now place their trust in this service to book
hotels. When selecting their hotel they can refer to more than 1.5 million
personal hotel evaluations. Well-known companies such as BASF, SAP AG,
Texas Instruments , Ernst&Young AG and many more use hotel.de's corporate
application to book hotels for business travel.
Based in Nuremberg, hotel.de AG also has a branch in Hamm (Westphalia) and
sales offices in the UK (London), France (Paris), Spain (Barcelona), Italy
(Rome), China (Shanghai) and Singapore. The company was founded in 2001 and
was publicly listed in October 2006. In 2010, the company mediated
reservation volumes in excess of Euro 390 million.
---------------------------------------------------------------
Press contact:
hotel.de AG
Aleksander Szumilas
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&Co. KG
Simone Cujai
Tel: +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
---------------------------------------------------------------------
17.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.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: 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
---------------------------------------------------------------------
124938 17.05.2011
Datum: 17.05.2011 - 10:50 Uhr
Sprache: Deutsch
News-ID 34119
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 234 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: hotel.de announces key figures for first quarter of 2011"
steht unter der journalistisch-redaktionellen Verantwortung von
hotel.de AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
