Design Hotels AG
Design Hotels AG Report Results for the First Half-Year 2013
Design Hotels AG / Key word(s): Half Year Results
Design Hotels AG Report Results for the First Half-Year 2013
– Increase in Revenue by 15 % – EBITDA goes up to 257,000 Euro Berlin, July 24, 2013 – Design Hotels AG (m:access, Munich: LBA; ISIN: DE0005141006) today reports the results for the first half-year of 2013 according to the German Commercial Code (HGB). Financial Highlights for the Group: Revenues for the first half-year 2013 increased by around 15 % to Euro 6.74m (last year 5.86m). Booking commissions increased by around 15 % to Euro 3.05m (2.65m) and with 45% remain the largest contributor to total revenues. Revenues from membership fees grew by 7% to Euro 1.55m (1.45m). Revenues from Marketing Products/Consulting increased by 22% to Euro 2.14m (1.76m). Gross margin for the first half-year came in at 65% (last year 65%). Margins on Sales & Marketing products and Services may vary throughout the year. EBITDA for the first half-year came in at Euro 257,000 (58,000), which is an increase of 340 %. EBIT for the first half-year showed a Euro 152,000 profit, compared to a Euro 106,000 loss in the same period last year. The Net Profit for the first half-year came in at Euro 111,000, compared to a Euro 88,000 loss in the same period last year. The profit per share was Euro 0.01 (last year -0.01). On June 30, 2013, Design Hotels had cash and cash equivalents in the amount of Euro 3.45m, as compared to Euro 4m on December 31, 2012. At the end of the reporting period, shareholders’ equity was Euro 4.34m, as compared to Euro 4.29m at the beginning of the financial year. The balance sheet was free of debts and noteworthy goodwill.
CEO Claus Sendlinger commented, ‘We are very content with the developments in the first half of this year. We were able to grow revenues in all three main business areas; especially in Marketing Products/Consulting, where we increased our sales & marketing products and services offering to our member hotels. We further managed to increase the average daily rate as well as the amount of generated bookings to the member hotels. This reconfirms our qualitative growth strategy. I am particularly pleased with the positive operational result.’ ‘In the first half of this year Design Hotels was able to grow above industry average. International arrivals increased by about 4 %. The continuously uncertain world economy, especially in Europe as a result of the financial crisis and regional unrests as in Turkey, does not show an impact on the overall travel behavior so far.’ ‘We are very optimistic about the future business and believe to continue our growth path and achieve our set operational goals at the end of the year’, concluded Sendlinger. For more information: About Design Hotels www.designhotels.com, ISIN : DE0005141006, m:access Munich Stock Exchange (Regulated Unofficial Market) End of Corporate News 24.07.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group 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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