Design Hotels AG
Design Hotels AG Report Results for the First Half-Year 2012
Design Hotels AG / Key word(s): Half Year Results Design Hotels AG Report Results for the First Half-Year 2012 – Increase in Revenue by 20% – Significant Increase in Booking Commissions Berlin, July 18, 2012 – Design Hotels AG (m:access, Munich: LBA; ISIN: DE0005141006) today reports the results for the first half-year of 2012 according to the German Commercial Code (HGB). Financial Highlights for the Group: Revenues for the first half-year 2012 increased by around 20% to Euro 5.86m (last year 4.88m). Booking commissions increased by around 26% to Euro 2.65m (2.1m) and with 45% remain the largest contributor to total revenues. Revenues from membership fees grew by 5% to Euro 1.45m (1.38m). Revenues from Marketing Products/Consulting increased by 26% to Euro 1.76m (1.40m). Gross margin for the first half-year came in at 65% and was below last year's 70%. Margins on Sales & Marketing products and Services may vary throughout the year. EBITDA for the first half-year came in at Euro 58,000 (99,000). Following an operational loss in the first quarter of 2012 of Euro 85,000 (96,000), the second quarter saw an operational profit in the amount of Euro 143,000 (195,000). EBIT for the first half-year showed a Euro 106,000 loss, compared to a Euro 51,000 loss in the same period last year. The Net Loss for the first half-year came in at Euro 88,000, compared to a Euro 39,000 loss in the same period last year. The loss per share was Euro 0.01 (0.004). On June 30, 2012, Design Hotels had cash and cash equivalents in the amount of Euro 3.19m, as compared to Euro 3.54m on December 31, 2011. At the end of the reporting period, shareholders' equity was Euro 5.40m, as compared to Euro 5.55m at the beginning of the financial year. The balance sheet was free of debts and noteworthy goodwill.
CEO Claus Sendlinger commented, 'The year started off very positively, in particular booking commissions showed a considerable growth. The qualitative and quantitative expansion of our member showed a positive impact on the average room rate and the number of bookings. ' 'The fact that margins on the sale of Marketing Products & Services are subject to seasonal variances has a negative impact on the bottom line. But we are confident that our earnings for the full year 2012 will be above last year's.' 'We also benefited from the surprisingly strong performance of the travel sector, which showed a global growth for the first four months of 5%. So far, the general economic uncertainty had little impact on travel, despite the slow down towards the middle of the year. We therefore stick to our financial goals for the year', concluded Sendlinger.
The full report for the first half-year of 2012 is available for download on the company's website at For more information:
Design Hotels AG
About Design Hotels www.designhotels.com, ISIN : DE0005141006, m:access Munich Stock Exchange (Regulated Unofficial Market) End of Corporate News 18.07.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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