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Booking volumes up 17.4% to Euro 94.30 million in 2nd quarter of 2011

Nuremberg, 7 July 2011 – AG can report commissionable net booking volumes* of Euro 94.30 million for the second quarter of the 2011 financial year. This figure corresponds to the quarterly volume of “new orders received" which was up 17.4% on the previous year’s figure (Q2 2010: Euro 80.32 million). International booking volumes grew by 20.1% from Euro 34.47 million to Euro 41.41 million, accounting for around 43.9% of total booking volumes (Q2 2010: 42.9%). The domestic business improved by 15.3% from Euro 45.86 million to Euro 52.89 million.

Commissionable net booking volumes for the first half of 2011 as a whole, now amount to Euro 182.74 million, up 13.1% on the previous year’s figure of Euro 161.52 million.

Growth in commissionable net checkout volumes
Commissionable net checkout volumes, the key figure presenting the volume of commissionable accommodation respectively departures actually taken up in the period under report, amounted to Euro 91.00 million in the second quarter of 2011 (Q2 2010: Euro 82.89 million), 9.8% ahead of the previous year’s figure. In the period from January to June, commissionable net checkout volumes totalled Euro 163.10 million (previous year: Euro 150.20 million), corresponding to year-on-year growth of 8.6%.

Dr. Heinz Raufer, CEO of AG commented on the recent developments: “Despite the growth achieved compared with first quarter, we are still not satisfied with the development in our commissionable net checkout volumes in the second quarter. The weaker level of growth compared with booking volumes respectively the incoming orders was due to the relative weakness of incoming orders in the first quarter of 2011, a factor now reflected in commissionable net checkout volumes in the second quarter of 2011. Individual foreign markets, for example, posted below average performances. Given the very positive development in booking volumes in the second quarter, we expect to see a further improvement, also in terms of our commissionable net checkout volumes, in the third quarter.”

Ongoing growth in booking figures
The number of bookings made also continued to rise, increasing by 11.2% to 480,042 in the second quarter of 2011 (Q2 2010: 431,803). A total of 941,858 bookings were made in the first six months as a whole, 9.3% up on the previous year’s figure of 861,643. In view of the positive overall booking figures for the second quarter and the traditionally stronger business performance in the second half of the financial year, the Management Board of AG is upholding its forecast of generating sales growth in a low double-digit percentage range.

* The booking figures stated here correspond to the data inquiry status on 01.07.2011. 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 AG AG operates a global hotel reservation service for companies and private customers at its and 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 1,5 million personal hotel evaluations. Well-known companies such as BASF, SAP AG, Texas Instruments , Ernst & Young AG and many more use’s corporate application to book hotels for business travel.

Based in Nuremberg, 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 390. million.

Press contact: AG
Aleksander Szumilas
Hugo-Junkers-Str. 15-17
90411 Nuremberg
Tel: +49 (0)911-59832-0
Fax: +49 (0)911-59832-11
Haubrok Investor Relations GmbH & Co. KG
Dorothea Schneider
Tel: +49 (0)89-21027-520
Fax: +49 (0)89-21027-598

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