Edreams odigeo financial debt stood at a 405 m
The Group pan-European online eDreams ODIGEO closed the first nine months of its fiscal year to December 31, 2014 with growth of the margin over income of 2% compared to last year, representing a margin over income of 317.4 million euros.With regard to its financial debt, stood at 405 million euros, down 6%.
This revenue growth “is produced by the improvement, both in flight and in tourist products (non-flights), the margin of reserve 4% revenue.” This figure, which is slightly above the expectations of the market, is aligned with annual forecasts of the company, which expects to close the current exercise with an adjusted 90 million euro EBITDA “, indicate sources of the company.
In this period, the company maintained a margin over income of 249.4 million euros on flights and managed to increase his margin over income 12% in the business of other tourism products (non-flights), which includes hotels, car hire and other ancillary services, to 68 million euros. The company has also registered a positive evolution in the results achieved via the metasearch engine Liligo.
Another determining factor for the growth of eDreams ODIGEO in the third quarter of the current fiscal year has been the positive evolution that has occurred both in reserves and margin over income in Spain and in non-traditional markets, including all those in which the company is present with the exception of Spain, France and Italy.
During the first nine months of the current financial year, the non-traditional markets have increased the margins on revenue and reserves by 9%.Developments in these countries recorded strong growth in the third quarter, both in reserves and margin on revenues, growing by 12% and 10% respectively against the previous year.
To turn into non-traditional markets, are the international markets (which excluded Germany, United Kingdom and the Nordic countries). The revenues generated in these international countries recorded strong growth in the third quarter, where the figure amounted to 38% over the previous year (chart enclosed) as well as as in the first nine months of the year, where the increase was 24%, and already represents 14% of the total income of the company.
CEO eDreams ODIGEO, Dana Dunne, points out that “we are pleased to communicate the results of these nine mesesestan aligned with our annual objectives maintain the stability of the margin over income and get a € 90 million adjusted EBITDA at the end of the year”.
And conclusion, the directive stresses that “innovation, internationalization and diversification on the strategic plan of eDreams ODIGEO is still key for global and local growth of the company, with presence in 44 countries and more than 15 million customers“, it is one of the largest distributors of flights online in the world”.