HolidayCheck Group AG Reports Earnings Results for the Third Quarter and Nine Months of 2018; Provides Earnings Guidance for the Full Year of 2018
For the nine months, the company reported that revenue rose by EUR 15.2 million (16.3%) from EUR 93.2 million in 2017 to EUR 108.4 million as at 30 September 2018. EBITDA (earnings before tax, interest, depreciation and amortisation) in the nine-month period under review increased by EUR 9.9 million and stood at EUR 9.8 million (first nine months of 2017: minus EUR 0.1 million). Third-quarter EBITDA improved by EUR 4.1 million from minus EUR 1.5 million in 2017 to EUR 2.6 million in 2018. EBIT (earnings before interest and tax) for the first nine months of the year improved from minus EUR 4.5 million in 2017 to EUR 4.9 million in 2018 (up EUR 9.4 million). At EUR 0.9 million, the third-quarter figure was EUR 3.9 million higher compared to 2017 (minus EUR 3.0 million). Basic and diluted earnings per share from continuing operations for the first nine months of the year went up by EUR 0.15, from minus EUR 0.09 in 2017 to EUR 0.06 in 2018. The corresponding figure for the third quarter was EUR 0.01 - up EUR 0.06 from minus EUR 0.05.
In light of the revenue and earnings figures reported over the first three quarters, the Management Board anticipates a year-on-year increase in Group revenue of between 10.0 and 14.0% for the financial year 2018 as a whole, adjusted for acquisitions or disposals of long-term equity investments and any new company formations. Given the investments in personnel and marketing outlined above, the Management Board expects operating EBITDA for the financial year 2018 to lie between EUR 7.0 million and EUR 10.0 million.