Design Hotels AG Reports Results for the 1st Half Year 2011
(Thomson Reuters ONE) -
Design Hotels AG /
Design Hotels AG Reports Results for the 1st Half Year 2011
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
* 13% Revenue Increase
* Results Slightly Below Last Year
Berlin - Design Hotels AG (m:access, Munich: LBA; ISIN: DE0005141006) today
reports the results for the 1(st) half year of 2011 under IFRS.
Financial Highlights for the Design Hotels Group:
Revenues for the first six months of 2011 grew by approx. 13% to ?4.88m (10H1:
4.32m). All business units contributed to the growth. Revenues from booking
commissions, with 43% still the largest contributor to revenues, increased by
6% to ?2.10m (1.98m). Revenues from membership fees went up by 11% to ?1.38m
(1.23m). Revenues from Marketing Products / Consulting increased by 26% to
?1.40m (1.11m).
The Gross Margin for the first half year came in at 70 (70) percent, the same as
for H1 2010.
The EBITDA for the first half of 2011 was ?99,000 (120,000). Following the
?96,000 operational loss for the first quarter of 2011, the second quarter saw
an operational profit of ?195,000 (134,000).
The EBIT for the first six months was a negative ?51,000 as compared to a ?6,000
profit for the same period last year.
The result after tax came in at a negative ?39,000, whereas for the same period
in 2010 a profit of ?16,000 was recorded. Earnings per share were ? -0.004
(0.0017).
As of 30 June 2011, Design Hotels AG had cash and cash equivalents of ?2.87, as
compared to ?3.31 million as of December 31, 2010. At the end of the reporting
period, shareholders' equity was ?4.89m, as compared to ?4.92m at the beginning
of the financial year. The Company's balance sheet continues to be free of
debt.
Additional Notes:
CEO Claus Sendlinger commented: "The first half year of 2011 played out largely
as we expected at the beginning of the year. Occupancy and room rates at our
member hotels have been increasing in most destinations. Primary cause for this
is the generally stable economic climate in most regions. This development has
two different effects on our business. As expected, our members have larger
budgets available for marketing. In this area we saw the strongest growth in
2011. In terms of booking commissions we are not able to fully use the market
potential, as the available inventory is limited due to high occupancy at the
member hotels. As mentioned, we see pressure on commission revenue as more and
more bookings are made through the hotels' own websites. Thus, the booking
volume showed a higher increase (22%) than commission revenue which went up by
6%."
"These developments confirm our strategic goals, i.e. to increase our portfolio
of high value marketing services, and to expand the structure of our membership
to be able to further participate in the success of the hotels. First steps in
this direction were made during the first six months of this year by investing
in modern revenue management and customer relationship systems, which add value
to our membership offering. By providing cost-efficient access to highly
developed IT solutions hoteliers get a further competitive advantage. At the
same time, we are able to build a stronger relationship with the end customer."
"Our positioning as one of the most innovative service providers in the sector
allows us to improve the quality of our portfolio. This is reflected in the
latest additions to our member portfolio - two top properties, i.e. Hotel
Schweizerhof in Bern and Gramercy Park Hotel in New York City."
Please click on the the link at the end of this message in order to review the
full half year report.
Contact:
Design Hotels AG
Claus Sendlinger (CEO)
Stralauer Allee 2c
10245 Berlin
Tel. +49 (0)30 88 494 00 14
Fax +49 (0)30 25 933 01 7
Schwarz Financial Communication
Frank Schwarz
Tel. +49 (0)611 17453 9811
Fax +49 (0)611 17453 9829
ir(at)designhotels.com 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, Regulated Unofficial Market Börse
München (m:access)
--- End of Message ---
Design Hotels AG
Stralauer Allee 2c Berlin Germany
Listed: Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Berlin,
Open Market (Freiverkehr) in Frankfurter Wertpapierbörse,
M:access in Bayerische Börse München;
Full H1 Report incl. Tables as PDF:
http://hugin.info/136390/R/1535288/468118.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.
Source: Design Hotels AG via Thomson Reuters ONE
[HUG#1535288]
Unternehmensinformation / Kurzprofil:
Datum: 01.08.2011 - 14:10 Uhr
Sprache: Deutsch
News-ID 56878
Anzahl Zeichen: 6525
contact information:
Town:
Berlin
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 137 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Design Hotels AG Reports Results for the 1st Half Year 2011"
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).
