Design Hotels AG reported consolidated earnings results for the financial year 2012. For the year, the company's revenue increases by more than 20 % and exceeds the expectations presented in the beginning of the year. The operational result is behind last year's result due to an unavoidable write-off of receivables. Revenue increased by 22% to EUR 12.629 million compared to EUR 10.363 million a year ago. EBITDA decreased by about 30% to EUR 0.308 million compared to EUR 0.442 million a year ago. The main reason for the decrease is the unpredicted bad debt losses. The EBITDA margin was 2% compared to 4% a year ago. EBIT reached EUR 0.01 million compared to EUR 0.14 million a year ago, a decrease of 93% compared to the previous year. Preliminary net profit came in at EUR 0.049 million compared to EUR 0.174 million a year ago. Subsequently, the company recorded a consolidated net loss of Euro 1.252 million compared to consolidated net profit of EUR 0.653 million a year ago.

The company provided earnings guidance for the fiscal year 2013. For the year, the company expects revenue increase in the two-digit range in 2013. The company also anticipates a significant improvement of the operational results this year.