Report on the First Six Months of 2010
(Thomson Reuters ONE) -
Design Hotels AG / Report on the First Six Months of 2010 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
* Return to growth
* Results turn to positive
Berlin August 02, 2010 - Design Hotels AG (Regulated Market, Munich: LBA; ISIN:
DE0005141006), integrated provider of marketing and positioning services for
individually managed hotels and small hotel groups in the New Luxury Segment,
today reports its results for the 1(st) half year of 2010 under IFRS.
Financial Highlights for the Design Hotels Group:
Revenues for the first six months of 2010 grew by approximately 16% to ?4.32
million (09H1: ?3.71 million). All business areas contributed to the increase.
With an increase of around 24% to ?1.98 million, booking commissions showed the
strongest growth. The contribution of this business area to total revenues
increased from 43% to 46%. Revenues from memberships grew by 12% to ?1.23
million (?1.10 million). Marketing Products/Consulting saw a 10% increase to
?1.11 million (?1.01 million).
The Gross Margin for the first six months was with 70% below last year's level
(74%), mainly due to the larger contribution of Marketing Products to the
revenue mix.
EBITDA for the first half of 2010 showed a positive ?120,000, while the first
quarter still showed an operational loss of ?14,000. EBITDA for the first six
months of 2009 was a negative ?131,000.
EBIT came in at ?6,000, as compared to a loss of ?221,000 for the first six
months of 2009.
Net Profit was ?16,000, as opposed to a loss of ?208,000 for the same period
last year. Earnings per share came in at ?0.0017 (? -0.02)
As of 30 June 2010, the Company had cash and cash equivalents of ?2.55 million,
up slightly from ?2.53 million for 31 December 2009. Shareholders' equity at the
end of the reporting period was ?4.81 million, as compared to ?4.80 million at
the beginning of the financial year. The Company's balance sheet, as before, is
free from debt.
Additional Notes:
CEO Claus Sendlinger commented: "I am pleased that we can report to our
shareholders that we have returned on the growth path earlier than we expected a
year ago. The positive development of the Company is due to a clear revival of
bookings and the growing number of member hotels. The month of June even saw a
record high in the value of bookings brokered. It is clear that we are
benefiting from the quick economic recovery, especially in North America and in
Asia Pacific. This shows once again that the hospitality sector is more closely
linked to the general economic environment than other business areas.
At the same time our member hotels are still hesitant to invest in marketing
activities. The significant increase in second quarter revenues for Marketing
Products/Consulting compared to last year's figures is due to project-related
variations in the realization of revenue. During the second quarter, several
projects in both development and marketing were completed and/or recognized. For
the second half of the year, we are expecting lower revenues from this segment.
We expect the positive trend in bookings to continue. The same is valid for the
number of member hotels, which will exceed 200 hotels in 2010. For the full
year, we expect a single digit revenue growth and a disproportionally stronger
development of our earnings."
Contact:
Design Hotels AG
Claus Sendlinger (CEO)
Stralauer Allee 2c
10245 Berlin
P +49 (0)30 88 494 00 01
F +49 (0)30 259 330-17
ir(at)designhotels.com
Schwarz Financial Communication
Frank Schwarz
P +49 (0)611 17453 9811
F +49 (0)611 17453 9829
schwarz(at)schwarzfinancial.com
Design Hotels AG (formerly: lebensart global networks AG) is an integrated
provider of communication and positioning services and acts as a consultant for
individually managed hotels and small hotel groups. The service range of design
hotels begins with the concept for a hotel. Clients of design hotels AG can
choose from a modular service portfolio. With the brand Design Hotels(TM) the
company currently represents and markets a unique collection of over 199
individual hotels in more than 40 countries. Through its marketing and
communication activities Design Hotels AG forms the connection between the
member hotel and a global clientele looking for self-determination and
individuality.
www.designhotels.com, ISIN: DE0005141006, Munich Stock Exchange (Regulated
Market)
[HUG#1435217]
--- End of Message ---
Design Hotels AG
Stralauer Allee 2c Berlin Germany
WKN: 514100;ISIN: DE0005141006;
Listed: Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse,
Regulierter Markt in Bayerische Börse München;
Report on the First Six Months of 2010 as PDF Download:
http://hugin.info/136390/R/1435217/380627.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
All reproduction for further distribution is prohibited.
Source: Design Hotels AG via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 02.08.2010 - 08:30 Uhr
Sprache: Deutsch
News-ID 38437
Anzahl Zeichen: 0
contact information:
Town:
Berlin
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 180 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Report on the First Six Months of 2010"
steht unter der journalistisch-redaktionellen Verantwortung von
Design Hotels AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
