ebookers plc
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EBOOKERS.COM ANNOUNCES BETTER THAN EXPECTED Q3 GROWTH
Q3 2000 sales 303% ahead of Q3 1999 sales ebookers.com reiterates cash
flow positive target
London, England – 16 October 2000 – ebookers.com (Nasdaq: EBKR,
Neuer Markt: eb6), Europe’s leading online travel company, today
announces record financial results for the third quarter ended
30 September 2000.
Financial highlights:
– Consolidated Q3 sales of $32.6m – 16% above consensus market forecasts
and 303% up on Q3 1999 ($8.1m).
– Gross margin of 11.8% for Q3 2000 (Q3 1999: 11.1%).
– Loss per share (excluding stock compensation and other fund raising
costs written off) for Q3 2000 of 4.5 cents, 11% better than consensus
market expectations.
– Non-UK European sales accounted for 63% of sales in Q3 2000, up from
61% in Q2 2000 and 53% in Q1 2000.
– 24 July 2000 – $45m (gross) total additional funding raised – the
amounts raised cover the total amount the company currently expects is
required to fund it to cash-flow positivity in Q4 2001 or Q1 2002.
– Cash balance at 30 September 2000 of $51.4m (at 30 June 2000, $22.9m).
– Industry-leading average transaction size increased to $680 in Q3 2000,
from $655 (H1 2000).
Business Highlights:
– ebookers.com is on schedule to achieve its accelerated target of being
cash flow positive by Q4 2001 / Q1 2002.
– Announcement of acquisition of Flightbookers plc, subject to
shareholder approval.
– Launch of ‘ebookersfinance.com’, in partnership with Moneygator.com,
aiming to secure even higher returns from high-spending travel customer
base.
– ebookers.com voted the UK’s number one online travel company for second
time in four months – some 25% ahead of nearest competitor (Nielsen/
NetRatings Survey, August).
– Number of site visits increase over 30% to 7.5m in Q3 2000 (Q2 2000: 5.6m)
– Registered users at end of Q3 2000, over 740,000 (Q2 2000: over 500,000).
– ebookers.com named British Airways preferred online travel partner.
For further information:
ebookers.com
Oliver Strong, Investor Relations Executive: +44 (0) 20 7489 2239
oliver.strong@ebookers.com +44 (0) 7771 934 153
Kirchhoff Consult (Germany)
Frank Schwarz +49 40 609 186 20
frank.schwarz@kirchhoff.de
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