Edreams odigeo anniversary in bag with a 61 drop
EDreams Odigeo online travel agency has celebrated its first year in bag with a depreciation of 61%, but with a perspective of optimistic future after getting revalued by 140% in the first months of 2015.
Company, which debuted at a price of EUR 10,25, closed the session on Thursday with an advance of 0.25%, 4 euros. “eDreams faces greater optimism than the past 2014 2015, where market put in place the high demands of the company with the exit bag”, explained to Europa Press analyst Jaime DÃez XTB.
eDreams has already left behind the turbulence that led to sharp falls in the value in the months of June and October. In particular, the company receded about 40% once the banks JP Morgan and SociÃ©tÃ© GÃ©nÃ©rale investment rebajasen its target price and a 60% sank after losing the trade agreement which had with Iberia and British Airways in October. As reported by tourism news HOSTELTUR, eDreams is profiled in bag as a ’horse mackerel’ value.
According to ten
, now action “didn’t find justifications to climb 200% which, from the present time, would lead to maximum prices achieved in the immediate vicinity of the 12 euros”. Meanwhile, eDreams Odigeo relies on the value of its titles in the bag to behave in line with the improvement of the results, as they go past the quarters.
The online travel agency, controlled by Permira and Ardian (formerly Axa Private Equity) investment funds fell 42.8% its losses during the first nine months of its fiscal, finished exercise on December 31, 2014, to 5.2 million euros, and has set as a goal have a flat income and achieve a gross operating (ebitda) adjusted 90 million euros at end of the year.
Since the beginning of the year, the value has managed to accumulate a rise of 140%, which, according to ten, “puts the company in showcase and the mouth of the brave investors who have decided to ignore the fall of last year and have been so risky travel reward”.
The challenge of the competition
Despite the good prospects for the future, expert warns of “huge competition” is one of the challenges that have faced the company, given that it operates in a sector that “devours” margins and “invented income developing alternatives that do not impact significantly on the consumer”.
“This requires extreme control of expenses and solid agreements with airlines”, clarified Diez, who pointed out that “the gran via to exploit in this field is the loyalty of customers and recurring revenues that could provide some segments where air traffic is frequent”.
Finally, the analyst pointed out that action remains technically “a bad aspect of long-term” and has promised that “only the overcoming of the $ 5 would give a figure of soil rounded with projection to 9 euros”.