HolidayCheck Group AG reported consolidated earnings results for the second quarter and six months of 2016. Consolidated revenue was EUR 24.9 million, the second-quarter total was 2.5% higher compared with EUR 24.3 million in the same period of 2015. Second-quarter EBITDA rose from minus EUR 0.2 million in 2015 to EUR 0.3 million in the current financial year. Second-quarter EBIT was minus EUR 1.1 million against loss of EUR 1.8 million in second quarter 2015. The financial result in the second quarter of 2016 stood at EUR 0.1 million compared with minus EUR 0.4 million in the same quarter of 2015. EBT in the second quarter of 2016 was minus EUR 1.0 million against loss of EUR 2.2 million in second quarter 2015. Consolidated net loss from continuing operations for the second quarter was minus EUR 1.0 million against EUR 2.3 million in second quarter 2015. Consolidated loss per share from continuing operations for the second-quarter 2016 was EUR 0.02 compared with EUR 0.04 in the same quarter of 2015.

The company's consolidated revenue for the first half-year was up by a small margin of 0.5% from EUR 54.7 million in 2015 to EUR 55.0 million in the current financial year. At EUR 1.0 million, EBITDA for the first half of 2016 was down 37.5% year on year against EUR 1.6 million in first half 2015. EBIT for the first half of 2016 stood at minus EUR 1.8 million compared with minus EUR 1.7 million in the same period of 2015. The financial result in the first half of 2016 stood at EUR 0.1 million compared with minus EUR 0.7 million in the same period of 2015. This was due to reductions of EUR 0.6 million and EUR 0.4 million in financial expenses in the first half-year and second quarter respectively, primarily as a result of lower interest expenses for loans. EBT stood at minus EUR 1.7 million in the first half of 2016 against loss of EUR 2.3 million in first half 2015. Consolidated net loss from continuing operations was EUR 1.7 million in the first half of 2016 against EUR 3.0 million in first half 2015. Consolidated loss per share from continuing operations stood at minus EUR 0.03 in the first half of 2016 compared with minus EUR 0.05 in the same period of 2015.

In the view of the Management Board, the mentioned envisaged investment in products and services will have a positive impact on consolidated revenue and thus on the HolidayCheck Group's operating EBITDA in the medium to long term. For the current financial year, the Management Board expects Group EBITDA to at least reach the break-even point despite planned spending on investment and its strategy of increasing market share.