Design Hotels AG Reports Results for the First Nine Months of 2010
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Design Hotels AG /
Design Hotels AG Reports Results for the First Nine Months of 2010
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* Increase in revenues leads to profit improvement
Berlin November 01, 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 first nine months of 2010 under IFRS.
Financial Highlights for the Design Hotels Group:
Revenues for the first nine months rose by approximately 17% to ?6.67 (9M
2009: 5.69) million. All business areas contributed to the increase. Commissions
for bookings lead the way with an increase of 24% to ?3.17 (2.56) million. The
contribution of commissions to total revenue saw a small increase from 45% to
48%. Revenues from membership fees rose by 14% to ?1.93 (1.69) million and
Marketing Products/Consulting came in at ?1.56 (1.44) million (plus 8%).
The gross margin came in at 73%, down from 76% for the first nine months of
2009.
The EBITDA for the first nine months was a ?397,000, a 236% improvement over the
?118,000 for the same period last year.
The EBIT for the first nine months of 2010 came in at ?222,000 as compared to a
negative ?17,000 last year.
The Net Profit was ?236,000, whereas the Company booked a ?3,000 loss for the
same period last year. The net profit per share was ?0.03 (0.00).
As of September 30, 2010, the Company had cash and cash equivalents to the
amount of ?3.06 million, as compared to ?2.53 million as of December 31, 2009.
In the first nine months Shareholder's Equity increased from ?4.80 million to
?5.03 million, the equity ratio is at 70.9%. The balance sheet does not carry
any bank debt or noteworthy goodwill.
Additional Notes:
CEO Claus Sendlinger commented: "The continuing recovery in the general economic
environment has had a clear effect on our results and I am pleased to report
that our revenue development, combined with ongoing cost control, have lead to
an increase in our EBITDA and net profits. Bookings continued to lead the way,
though membership fees performed strongly as well. The increase in the number of
bookings and the value of stays for our existing and new member hotels has
strongly contributed to our revenue development.
We have safeguarded our brand, among others, by strictly following our strategy
of qualitative versus quantitative growth of the member portfolio. We believe
that this supports customer loyalty and the related rapid response of our
results to the economic upswing.
For the remainder of the year we anticipate the current trend to continue, with
both revenues and profits showing a considerable improvement over last year.
However, increasing competition in the hospitality industry does not leave much
time to rest. We will continue to invest in our brand and develop programmes,
further strengthening our role as the commercial partner to our member hotels.
This includes investment in information technology and systems, which is a must
do in order to defend the market position we have achieved. Our strong financial
position allows us to make these investments, thereby allowing us to remain an
innovator in business."
Further indicators as of the September 30, 2010:
The number of brokered bookings grew by 25%, representing a total booking volume
of ?60 (42) million.
At the end of the first nine months, 208 hotels (last year 187) with 16,109
rooms were represented by the Design Hotels(TM) brand. Since the start of the
year, a total of 35 new properties were added, while 23 hotels left the group.
Despite the increase to 69 employees, up from 63 for the same time last year,
revenues per employee increased from ?90,000 to ?97,000.
Contact:
Design Hotels AG
Claus Sendlinger (CEO)
Stralauer Allee 2c
10245 Berlin
P +49 (0)30 88 494 00 14
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 200
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#1457480]
--- 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;
Press Release as PDF:
http://hugin.info/136390/R/1457480/397124.pdf
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Source: Design Hotels AG via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 01.11.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 48247
Anzahl Zeichen: 6724
contact information:
Town:
Berlin
Kategorie:
Business News
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