Design Hotels AG reported unaudited consolidated earnings results for the first half ended June 30, 2014. For the period, the company reported revenues increased by around 7% to EUR 7.23 million against EUR 6.74 million for the same period of last year. EBITDA came in at EUR 0.663 million against EUR 0.257 million which is an increase of 158% over the same period of last year. EBIT showed a EUR 0.511 million compared to a EUR 0.152 million in the same period last year. The net profit came in at EUR 0.372 million compared to a EUR 0.47 million in the same period last year. The profit per share was EUR 0.04 against loss of EUR 0.01 for the same period of last year.

The company provided earnings guidance for the full years of 2014 and 2015. For the year 2014, the company expects a revenue growth of 10.25% compared to 2013. The company also expects an increase of earnings before interest and taxes by 36.32% compared to 2013.

For the year 2015, the company expects a revenue growth of 8.26% compared to 2014. The company also expects an increase of earnings before interest and taxes by 36.32%. The company also expects an increase of earnings before interest and taxes by 23.09% compared to 2014. The statement in the Status Report (Lagebericht) 2013, that revenues will grow in the lower double digits in 2014 and 2015, was and is wrong for the year 2015. Revenue for 2015 was and is expected to grow by 8.26%, thus a one digit percentage growth. The respective mistake in the Status Report is an editorial error.