Design Hotels AG Reports Results for the 1st Half Year 2009
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Effects of global economic crisis impact turnover and net resultBerlin - Design Hotels AG (Regulated Market, Munich: LBA; ISIN:DE0005141006), integrated provider of marketing and positioningservices for individually managed hotels and small hotel groups inthe New Luxury Segment, today reports its results for the 1st halfyear of 2009 according to IFRS.Financial Highlights for the Design Hotels Group:Revenues for the first six months decreased by approximately 10% to?3.71 million (HY2008: ?4.14 million). With a drop of 26% to ?1.60million, booking commissions were hit hardest by the economic crisis.Contribution to total revenues went down to 43% (HY 2008: 53%).Revenues from membership fees and Marketing Products/Consulting of?1.10 million and ?1.01 million respectively both showed modest gainsof 7% on a six month basis. Marketing Products/Consulting benefitedfrom a large project, which was invoiced in the first quarter of2009. For the second quarter, this business segment however showed aclear decrease in revenues by 28%, compared to the same quarter lastyear.The gross margin came in at 74% and thus remained at last year'slevel (74%).EBITDA for the first six months was a negative ?131,000 as comparedto a positive ?382,000 for the same period last year.EBIT for the first half of 2009 came in at a negative ?221,000 ascompared to a positive ?304,000 last year.The Net Loss was ?208,000 compared to a net profit of ?309,000 in thesame period last year. The net loss per share was - ?0.02 (HY2008:+?0.03)As per June 30th 2009, the Company had Cash and Cash Equivalents tothe amount of ?2.14 million, as compared to ?2.78 million as perDecember 31st 2008. In the first six months Shareholder's Equitydecreased from ?5.64 million to ?5.44 million. The balance sheet isfree from any liabilities to banks or noteworthy goodwill.Additional Notes:CEO Claus Sendlinger commented: "After the weak start in 2009 for thetourism industry, the sector remained under pressure during themonths April to June. The intermittent improvements in bookingsduring the quarter unfortunately proved to be of a passing nature. Wedo not foresee a speedy recovery.For the short term we have therefore reacted by changing the focus onour respective activities, without losing sight of our long termgoals such as strengthening of the Design Hotels brand, customerloyalty to the organisation, as well as a continuous improvement ofour product.The measures implemented include a structural adjustment in staffingas well as a thorough revision of our sales offer in order better tomeet the current needs of the hoteliers. Our clients have a muchgreater need for Sales and Marketing support from Design Hotels thanthey would during the past economic boom. However, we are realisticenough to accept that in times of crisis, budgets for externalservice providers are generally rather reduced.Additionally, we are focused on improving our presence in the FarEast, as well as to accelerate the expansion of our hotel portfolio.As we believe that the Asian market will be the first to recover.Therefore, we are looking to create the conditions that will allow usto increase the contribution to revenues from this region throughexpanding our hotel portfolio there and increasing brand awarenesswith end customers. At the same time, we see that the crisis hasincreased the need for hotels to affiliate themselves with strongmarketing organisations. This, we believe, creates opportunities tostrengthen the quality of our portfolio."The complete Half Year Report is available for downloading via thelink at the end of this message and at www.designhotels.comContact:Design Hotels AGClaus Sendlinger (CEO)Stralauer Allee 2c10245 BerlinTel. +49 (0)30 88 484 00 14Fax +49 (0)30 25 933 01 7ir(at)designhotels.comSchwarz Financial CommunicationFrank SchwarzTel. +49 (0)611 17453 9811Fax +49 (0)611 17453 9829schwarz(at)schwarzfinancial.comDesign Hotels AG (formerly: lebensart global networks AG) is anintegrated provider of communication and positioning services andacts as a consultant for individually managed hotels and small hotelgroups. The service range of design hotels begins with the conceptfor a hotel. Clients of design hotels AG can choose from a modularservice portfolio. With the brand Design Hotels(TM) the companycurrently represents and markets a unique collection of over 184individual hotels in more than 40 countries. Through its marketingand communication activities Design Hotels AG forms the connectionbetween the member hotel and a global clientele looking forself-determination and individuality.www.designhotels.com, ISIN: DE0005141006, Munich Stock Exchange(Regulated Market)http://hugin.info/136390/R/1332094/315416.pdf --- End of Message ---Design Hotels AGStralauer Allee 2c Berlin GermanyWKN: 514100; ISIN: DE0005141006; Listed: Open Market in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Regulierter Markt in Bayerische Börse München;
Datum: 03.08.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 4239
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 358 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Design Hotels AG Reports Results for the 1st Half Year 2009"
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).
