Nuremberg, 8 April 2011 – The 2010 Annual Report presented by hotel.de AG today has confirmed the preliminary figures announced on 28 February. Sales thus grew year-on-year by 11.8 % from Euro 32.37 million to Euro 36.17 million, with a further rise in the international share of sales from 40.6% to 42.2%. Key earnings figures also showed significant improvements. Earnings before interest and taxes (EBIT) thus surged by 128.1% from Euro 0.89 million to Euro 2.03 million, while the annual net surplus increased from Euro 1.04 million to Euro 1.78 million. Earnings per share rose from Euro 0.28 to Euro 0.47 and are thus consistent with the dividend proposal the Management and Supervisory Boards will be submitting to this year’s Annual General Meeting.
“We posted a solid performance in the past year. We not only met our sales forecast but also reported significantly higher earnings than we had expected at the beginning of the year”, explained Dr. Heinz Raufer, CEO of hotel.de AG. “Not only that, we also managed to further enhance hotel.de’s attractiveness and coverage, as well as extending our foreign hotel content and increasing our international share of sales. We also set a new company record – the number of bookings made in 2010 exceeded the 2 million mark for the first time.”
bookings growth continues in new year*
hotel.de AG can report commissionable net booking volumes of Euro 91.04 million for the first quarter of 2011, this corresponds to the volume of orders received, also for future months, in the quarter under report and is equivalent to year-on-year growth of 13.0% (previous year: Euro 80.58 million). International booking volumes rose by 9.0% from Euro 34.88 million to Euro 38.02 million. Booking volumes in the company’s home market improved by 16.0% from Euro 45.70 million to Euro 53.02 million. The number of bookings made also showed notable year-on-year growth, rising by 9.7% from 427,437 to 468,820.
Net commissionable checkout volumes, the key figure for the volume of commissionable accommodation actually taken up in the period under report, grew by 7.0% from Euro 66.71 million to Euro 71.36 million in the first quarter of 2011. It should be noted in this respect that, due to seasonal factors, the first quarter is traditionally the weakest quarter and typically characterised by under-average growth rates.
Given the development in booking figures at the beginning of the new financial year, hotel.de is maintaining its forecast for 2011 as a whole. The Management Board thus expects to see sales growth in a low double-digit percentage range and a year-on-year improvement in EBIT. A similar level of sales growth accompanied by disproportionate EBIT growth is planned for 2012.
The 2010 Annual Report is available for downloading from the Investor Relations section of the company’s website at www.hotel.de.
* The booking figures stated here correspond to the data inquiry status on 01.04.2011. Booking figures may subsequently be reduced by cancellations. Since the first quarter of 2011 we have converted our reporting to net booking volumes adjusted for non-commissionable bookings. Net booking volumes correlate more closely to net checkout volumes and thus provide a more exact indication of the company’s future sales performance. The previous year’s figures have been adjusted accordingly.
About hotel.de AG hotel.de AG operates a global hotel reservation service for companies and private customers at its www.hotel.de and www.hotel.info addresses. Available in 37 languages, these websites enable customers to book accommodation at more than 210,000 hotels in all categories easily, quickly and at optimal prices. More than 4 million private and business customers from all around the world now place their trust in this service to book hotels. When selecting their hotel they can refer to more than 1 million personal hotel evaluations. Well-known companies such as BASF, SAP AG, Texas Instruments , Ernst & Young AG and many more use hotel.de’s corporate application to book hotels for business travel.
Based in Nuremberg, hotel.de AG also has a branch in Hamm (Westphalia) and sales offices in the UK (London), France (Paris), Spain (Barcelona), Italy (Rome), China (Shanghai) and Singapore. The company was founded in 2001 and was publicly listed in October 2006. In 2010, the company mediated reservation volumes in excess of Euro 380 million.
Press contact:
hotel.de AG Aleksander Szumilas Hugo-Junkers-Str. 15-17 90411 Nuremberg Phone: +49 (0)911-59832-0 Fax: +49 (0)911-59832-11 E-mail: press@hotel.de www.hotel.de
