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Kastrup verdens næstbedste til shopping

Pressemeddelelser   •   Mar 09, 2017 07:15 CET

Helsinki Vantaa Airport placerer sig i toppen, når verdens internationale lufthavne vurderes. Ingen andre lufthavne når højere i 2016. Kastrup Lufthavn lander på en samlet 25. plads. Det viser en stor international undersøgelse foretaget af Travellink, som har spurgt 65 000 passagerer fra hele Europa.

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​Mobile rejsetrends: Kunstig intelligens, scanning og personliserede Apps driver udviklingen, når mobilen overtager rejsen

Pressemeddelelser   •   Mar 07, 2017 07:20 CET

Hver tredje rejse i verden bookes i dag på mobile enheder. Mobilen vinder også frem som det helt centrale omdrejningspunkt for alle dele af rejsen: Inspiration på sociale medier, pristjek, bookinger rejsedokumenter og rejseguides til rejsemålet. Travellink ser kunstig intelligens, scanning og personaliserede Apps som næste trin i den stadig mere mobilt orienterede rejsende.

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eDreams ODIGEO: Third Quarter Results to December 31st 2016: Solid financial performance for first nine months leads to rise in full year guidance

Pressemeddelelser   •   Feb 28, 2017 14:30 CET

Barcelona, 28 February, 2017 – eDreams ODIGEO (www.edreamsodigeo.com), the largest flight retailer in Europe and one of the world’s leading online travel companies, today reported its results for the nine months ended December 31st 2016.

9M RESULTS HIGHLIGHTS

  • Solid growth in bookings (+9%), revenue margin (+5%) and Adjusted EBITDA (+18%);
  • Adjusted net income of €19.4 million, representing a 78% increase;
  • Solid cash flow with cash position of €77 million (up 18%);
  • Solid performance in all Core markets: bookings (+11%) and revenue margin (+8%);
  • Revenue diversification strategy in non-flight products: bookings (+7%) and revenue margin (+11%)
  • Strategic initiatives continue to boost performance;
  • Further investment in the business to build scale, be more agile, improve business model, and create a better customer experience;
  • Increased transparency with new KPIs introduced to measure operational performance;
  • Acquired budgetplaces.com, a leading hotel bookings site, in line with acquisition strategy;
  • Full year guidance raised; bookings: 11.2-11.5 million (5-8% growth year-on-year), revenue margin €465-475 million (0-2% growth year-on-year); Adjusted EBITDA €105-107 million (10-12% growth year-on-year).

Dana Dunne, CEO of eDreams ODIGEO said:

“We have had a good nine months of the financial year to date with continued growth in bookings, revenue margin and Adjusted EBITDA. The strategic initiatives that we put in place continue to drive this performance. In addition we have invested and continue to invest to strengthen our long term competitiveness, growth and customer proposition. In particular, we are focusing our continued investment around the customer, including the further differentiation of our offer and the speed with which we can respond to and lead consumer trends. As we have said previously, this investment of some top line growth in the short term, will, over the long term, deliver a more compelling and competitive customer proposition and robust, high quality revenue growth. As a result of these initiatives, we have revised up our expectations towards the upper end of the guidance we provided at the start of the year.”

Business Overview

eDreams ODIGEO delivered a solid financial performance in the first 9 months of FY2017. The strategy announced in 2015 continues to drive improvements in the business, and is delivering positive growth rates in bookings and revenue margin, up 9% and 5% respectively. Adjusted EBITDA growth rates continue to be very strong, growing by 18% in the first nine months as a result of growth in bookings and revenue margin combined with a 10% reduction in variable cost per booking.

Our revenue diversification strategy continues to have a positive impact on our business, with growth in our flight related ancillaries and non-flight products. Bookings in non-flight businesses were up 7% and revenue margin up 11% driven by growth in dynamic packages, hotels and cars, development of our metasearch business, and partially offset by a decrease in our packaged tours business.

In our flight business, good progress in delivering our strategic initiatives has boosted performance and is positioning us well for long term growth. We continue to make the planned investments in our business to build scale, become more agile, improve the business model, and create a better customer experience.

Our Core markets performed strongly with bookings up 11% and revenue margin up 8%, driven by strategic initiatives, our diversification strategy and our continued investment.

The first nine months also saw strong profit growth. Adjusted net income was up significantly to €19.4 million, representing a 78% increase year-on-year.

In October 2016 the Group successfully refinanced its debt, with a full repayment of 2018 Notes and 2019 Notes, and the issuance of 2021 Notes. It increased the Super Senior Revolver Credit Facility from €130 million to €147 million, and switched its new debt to a single maintenance covenant of 6.0x Gross Leverage Ratio, with the terms also improving to allow for efficient repurchases of up to 10% of principal per year. We have successfully reduced our covenant ratio from 5.0x in December 2015 to 4.0x in December 2016, which gives up ample headroom vs our Gross Leverage covenant ratio. In addition, our Net Leverage Ratio was down from 4.3x in December 2015 to 3.3x in December 2016.

In the first nine months of FY2017 the Group reported a very solid cash flow performance with a cash position of €77 million (up 18% year-on-year). Cash flow from operations went from €-4.7 million to €41.7 million, and cash flow before financing from €-28.1 million to €27.6 million, as a result of improvements in EBITDA, working capital and capex. Overall the Group delivered a very strong cash flow performance.

The financial performance for the first nine months demonstrates that the shift in our business model is delivering positive results. We continue to drive more revenues outside of flight tickets which have higher margin and generate more cash for the business. Overall we consider this a solid set of results and in line with where we would expect to be following the start of our transformation in June 2015.

Summary Income Statement

3M 3M 9M 9M
Dec Dec Var Dec Dec Var
(in € million) FY2016 FY2017 FY2016 FY2017
Revenue Margin 103.1 108.7 5% 333.9 349.7 5%
Adjusted EBITDA 19.7 21.7 10% 64.1 75.9 18%
Non-recurring items -1.6 -2.7 65% -7.1 -6.9 -3%
EBITDA 18.1 19.0 5% 57.0 69.0 21%
EBIT 13.5 14.6 8% 42.9 54.4 27%
Net income 1.6 -14.9 NM 6.5 -3.0 NM
Adjusted net income 2.5 3.0 19% 10.9 19.4 78%

Business review by geographyOur Core markets (France, Italy, Spain) delivered a solid growth in bookings and revenue margin in the first nine months of FY2017. Core markets bookings reached 4.4 million, up 11% year-on-year, as a result of our strategic initiatives, diversification strategy and continued investment.

Revenue margin in our Core segment for the first nine months of FY2017 also experienced solid growth rates, up 8% year-on-year, to €196.7 million. While revenue margin per booking fell 3%, the Group delivered 8% growth in revenue margin as a result of our continued investment in the business.

Expansion markets experienced solid growth rates, up 7% year-on-year, in the first nine months of the year, driven by the strategic initiatives and investments made in our business and revenue diversification.

Expansion markets revenue margin was up 1% year-on-year for the first nine months to €152.9 million. The performance was driven by booking growth, negative foreign exchange impact, in particular the depreciation of the pound vs the euro, and revenue margin per booking.

Business review by business line

Progress in strategic initiatives have boosted our performance and position us well for longer term growth. In the first nine months of FY2017 we delivered solid growth rates in flight bookings, up 9% year-on-year. We continue to make investments in order to build scale, become more agile, improve the business model, and create a better customer experience.

Revenue margin performance in our flight business experienced growth rates of 3%, reaching €274.3 million for the first nine months of FY2017. Revenue margin growth was driven by growth in bookings, which were up 9% year-on-year. Revenue margin per booking for flight products was down 5%, as a result of channel mix re-alignment and price re-orientation, which also produced reduction in cost per booking and increase in profitability per booking, and the negative impact of the foreign exchange, already explained. This negative impact was partially offset by the positive impact from our revenue diversification strategy, which included flight related ancillaries, which delivered solid results.

Bookings trend in our Non-flight business improved as a result of our diversification strategy, up 7% in the first nine months of FY2017, and an increase of 17% for the 3 months to December for FY2017. The growth was driven by car rentals, hotels and dynamic packages, and was partially offset by a [planned] decrease in our packaged tours business.

Non-flight revenue margin grew for the fifth consecutive quarter. The growth was primarily driven by growth in car rentals, hotels and dynamic packages, and by the development of metasearch. Revenue growth was partly offset due to the decline in packaged tours. For the first nine months of FY2017 these businesses grew revenue margin by 11%.

Outlook

The focus for the rest of FY2017 will be investing for the long term sustainability of the business. We will invest to reinforce our delivery of sustainable profit growth, and drive results in the longer term, including adapting our revenue model to respond to changing customer needs and developing off-line advertising, which we do not expect to generate revenue immediately.

As a result of the Q3 performance, we have raised on annual targets for FY2017. All M&A transactions taking place in FY2017 have been reflected in the guidance:

Initial Guidance Revised Guidance
(June 2016) (February 2017)
Bookings In excess of 10.7 million 11.2-11.5 million 5-8% growth year-on-year
(million)
Revenue Margin In excess of €463 million €465-475 million 0-2% growth year-on-year
(in € million)
Adjusted EBITDA €103-107 million €105-107 million
(in € million) 8-12% growth year-on-year 10-12% growth year-on-year

Over the longer term, and as we execute the next phase of our transformation, we will continue to grow adjusted EBITDA with a long-term target of €125-140 million EBITDA by 2020.

*NOTE:

Core markets: Spain, Italy, and France

Expansion markets: All except the Core markets

About eDreams ODIGEO

eDreams ODIGEO is one of the world's largest online travel companies and one of the largest European e-commerce businesses. Under its four leading online travel agency brands – eDreams, GO Voyages, Opodo, Travellink, and the metasearch engine Liligo – it offers the best deals in regular and charter flights, low-cost airlines, hotels, cruises, car rental, dynamic packages, holiday packages and travel insurance to make travel easier, more accessible, and better value for the more than 17 million customers it serves worldwide. With a presence in 44 markets, eDreams ODIGEO is listed in the Spanish Stock Market.

Travellink er Nordens førende internetrejsebureau med aktiviteter i Sverige, Norge, Danmark og Finland. For 17 år siden var vi pionerer på rejser online. I dag er vi markedsledende og en del af Europas største onlinerejsegruppe eDreams ODIGEO repræsenteret i 44 lande. Travellink har markedets hurtigste og stærkeste bookingfunktion med det største udvalg af fly, hoteller, udlejningsbiler og kombinationer af fly og hotel. I udvalget findes 450 flyselskaber, over 1,1 millioner hoteller og 40.000 destinationer over hele verden. Altid til den bedst mulige pris, med højeste kvalitet og bedste service.

​eDreams ODIGEO (www.edreamsodigeo.com), the largest flight retailer in Europe and one of the world’s leading online travel companies, today reported its results for the nine months ended December 31st 2016.

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Sommerrejsen 2017: Stormløb på rejser til Spanien - og fremgang for polsk badeby

Pressemeddelelser   •   Jan 30, 2017 07:25 CET

Der er allerede højtryk på salget af sommerrejser hos Travellink, Nordens største onlinerejsebureau. Største efterspørgsel gælder rejser til Spanien, som ser ud til at blive sommerens vinder – igen. Lavprisrejsemål som Bulgarien, Portugal og Polen er sommerens nye spydspidser.

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Sådan rejste danskerne i 2016 - årets rejse trends

Pressemeddelelser   •   Dec 13, 2016 06:50 CET

Spanien er den store vinder, når Travellink, Nordens største online rejsebureau opsummerer danskernes rejser. London overtager positionen som det mest populære rejsemål, mens Tyrkiet falder mest. Vi tager flere korte rejser med en større spredning på destinationerne end tidligere.

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​Travellinks rejsende får billigere samtaler og surf med ny aftale

Pressemeddelelser   •   Dec 07, 2016 07:10 CET

Travellink tilbyder nu som første onlinerejsebureau sine rejsekunder at ringe og surfe på ferien helt uden roaming afgifter. Servicen er med en app fra MobiTrotters og omfatter samtlige lande i verden.

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Ny adm. direktør i Travellink

Pressemeddelelser   •   Dec 01, 2016 07:45 CET

Erik Wikander er udnævnt til øverste chef for Travellink, den nordiske gren af Europas største onlinerejsebureau eDreams ODIGEO. Han afløser Peter Carlsson, som har været adm. direktør siden 2000.

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eDreams ODIGEO: Half Year Results to September 30th 2016

Pressemeddelelser   •   Nov 18, 2016 10:00 CET

Strong First Half with continued growth in Bookings, Revenue Margin and Adjusted EBITDA; Adjusted Net Income +97% YoY; Free Cash Flow before Financing +338% YoY.

Barcelona, 18 November, 2016 – eDreams ODIGEO (www.edreamsodigeo.com), the largest flight retailer in Europe and one of the world’s leading online travel companies, today reported its results for the six months ended September 30th 2016.

H1 RESULTS HIGHLIGHTS

  • Solid growth in bookings (+8%), revenue margin (+4%) and Adjusted EBITDA (+22%);
  • Adjusted net income of €16.6million, representing a 97% increase year-on-year;
  • Successful refinancing closed in October 2016;
  • Solid cash flow with cash position of €110.4 million (up 3% year-on-year);
  • Revenue diversification strategy driving growth in non-flight: Bookings (+3%) and revenue margin (+10%);
  • Solid performance in all Core Markets: Bookings (+10%) and revenue margin (+7%);
  • Successful implementation of strategy:
    • Significant improvement in customer experience;
    • Greater revenue diversification: Strong growth in flight ancillaries’ and advertising and metasearch revenues, and solid growth rates in car rentals and dynamic packages.
    • Business model improvements in product, marketing and pricing delivering solid results - bookings (+8%) and variable cost per booking (-10%).
    • Mobile channel acceleration - bookings up 37%, 29% of all flight bookings via mobile;
  • Full year guidance reiterated
  • Outlook 2017: Bookings: Above 10.7 million; Revenue margin: Above €463 million; Adjusted EBITDA €105 million (10% growth year-on-year), +/- €2 million

Dana Dunne, CEO of eDreams Odigeo

“We are pleased with the performance in the first half of the year with solid growth in bookings, revenue margin and Adjusted EBITDA. Our revenue diversification strategy is already yielding benefits, particularly in our non-flight business. As we expected, a combination of price re-orientation and channel mix re-alignment has resulted in slightly slower growth in our flight business. We remain confident in meeting our full-year guidance and believe that our strategic initiatives, which are already having a positive impact on the business, will continue to build a much stronger business.”

He added:

Having completed the first phase of our transformation programme in 2015-16 we are now implementing the second phase of our transformation which focuses on constantly improving the experience for our customers, using scale to improve our products and services to further drive longer term growth.”

PLS SEE PDF-VERSION FOR FULL TEXT/RESULT RELEASE.

Travellink er et førende internetbaserede rejsebureau med aktiviteter i Sverige, Norge, Danmark og Finland. Selskabet har tre forretningsområder; privatrejser, forretningsrejser og konference-og event. Travellink sælger flyrejser fra 440 flyselskaber og mere end 550.000 hoteller til mere end 40 000 destinationer i hele verden. Travellink indgår i gruppen ODIGEO sammen med eDreams, Go Voyages, Opodo og Liligo. Europas største online rejse-og e-handelsvirksomhed. eDreams ODIGEO er repræsenteret i 44 lande verden over. Virksomheden tilbyder et bredt udvalg af flyrejser, hoteller, billeje og pakkerejser (flybillet og hotel ). 

Strong First Half with continued growth in Bookings, Revenue Margin and Adjusted EBITDA; Adjusted Net Income +97% YoY; Free Cash Flow before Financing +338% YoY.

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eDreams ODIGEO: First Quarter Results to June 30th 2016

Pressemeddelelser   •   Aug 26, 2016 13:06 CEST

Barcelona, 26 August, 2016 – eDreams ODIGEO (www.edreamsodigeo.com), the largest flight retailer in Europe and one of the world’s leading online travel companies, today reported its results for the first quarter ended June 30th 2016.

  • RESULTS HIGHLIGHTS
  • Strong growth in bookings (+11%), revenue margin (+9%) and Adjusted EBITDA (+30%)
  • Adjusted net income of €9.2million, representing a 172% increase year-on-year
  • Successful debt deleveraging. Group successfully repurchased€30 million of the 2018 notes
  • Solid cash flow with cash position of €111.7 million (€140.8 million excluding debt repurchase, up 14% year-on-year)
  • Flight: revenue margin up +9%. Non-flight: revenue margin up +12%
  • Core Markets: Bookings positive trend continued (+12%), revenue margin growth (+10%); Expansion Markets: growth in bookings (+11%), revenue margin (+9%)
  • Full year guidance reiterated

Dana Dunne, CEO, commented:

  • “This has been a strong first quarter, with growth in bookings and revenue margin in both our flight and non-flight businesses and a marked decrease in variable costs per booking resulting in increased profitability. This quarter’s results are further evidence that our strategic initiatives are continuing to bear fruit.”
  • He added:
  • “The strong performance has been driven by the strength of our consumer offer and our ongoing focus on the quality of our customer service. Looking forward, we will be increasing investment in our business and customer proposition in order to capitalise on the long-term and sustainable growth opportunities available to us.”

FIRST QUARTER 2017 FISCAL YEAR RESULTS

In the first-quarter ended June 30, 2016, eDreams ODIGEO delivered a strong financial performance. The strategy announced in June 2015 continues to drive improvements in the business, and is consequently delivering positive growth rates in bookings (+11%), revenue margin (+9%) and adjusted EBITDA (+30%).

The quarter also saw strong profitability and solid cash flows. Adjusted net income was up significantly at €9.2million, representing a 172% increase year-on-year. Our cash position at the end of the quarter stood at €111.7 million, taking into account the successful debt deleveraging. Excluding the debt repurchase, cash position would have stood at €140.8 million, up 14% year-on-year.

Summary Income Statement

3M 3M
June June Var
(in € million) 2015 2016
Revenue Margin 113.8 124.2 9%
Adjusted EBITDA 22.4 29.0 30%
Non-recurring items -3.4 -2.0 -41%
EBITDA 19.0 27.0 42%
EBIT 14.7 23.1 57%
Net income 0.7 7.7 N.A.
Adjusted net income 3.4 9.2 172%
Adjusted EBITDA quarterly evolution (YoY variation)


Business review by geography

Bookings and revenue margin growth in Core and Expansion markets was solid in the first quarter. In Core bookings the growth was driven by solid performance in Spain, Italy and France and in particular the flight business which experienced strong growth rates. In our Expansion markets the increase relates to Germany, as well as the UK and International markets.

Core Revenue margin Expansion Revenue margin

In € Million In € Million

   

Business review by Flight/Non-Flight

Progress in strategic initiatives continued to deliver solid growth in flight bookings and revenue margin, driven by both Core and Expansion markets. Revenue margin in flight experienced solid growth due to continued efforts to improve product, re-orient price and channel performance.

Non-flight business bookings continued to grow, driven by our core markets. Booking growth in most non-flight products, except for packaged tours which continued to decrease.

Non-flight revenue margin grew for the third consecutive quarter. The growth was primarily driven by a 9% increase in revenue margin per booking which itself was driven by development of metasearch, non-transactional revenue and growth in our cars, hotels and dynapacks business.

Flight Revenue margin Non-flight Revenue margin

In € Million In € Million

   

Outlook

The focus for FY2017 will be on improving the profitability and investing in the long term sustainability of the business.

We aim to invest in areas that reinforce our long term sustainability and are in the best interest of the customer, even if it leads to a trade-off between short term and long term results. We will also reduce areas in which we are not as profitable and are not as strategic to long term success.

On phasing, we expect a strong first half which will underpin most of the growth expected this year and which will allow us to accelerate the investments in the transformation of the business in H2 leading to a lower second half of the year.

The annual targets for fiscal year 2017 are as follows:

  • Bookings:In excess of 10.7 million
  • Revenue margin: In excess of €463 million
    • Adjusted EBITDA: €105 million (+10% growth), +/- €2 million
  • *NOTE

    Core Markets: Spain, Italy, and France

    Expansion Markets: All except the Core Markets

    International Markets: All except the Core Markets, Germany, the United Kingdom, and the Scandinavian countries

Travellink er et førende internetbaserede rejsebureau med aktiviteter i Sverige, Norge, Danmark og Finland. Selskabet har tre forretningsområder; privatrejser, forretningsrejser og konference-og event. Travellink sælger flyrejser fra 440 flyselskaber og mere end 550.000 hoteller til mere end 40 000 destinationer i hele verden. Travellink indgår i gruppen ODIGEO sammen med eDreams, Go Voyages, Opodo og Liligo. Europas største online rejse-og e-handelsvirksomhed. eDreams ODIGEO er repræsenteret i 44 lande verden over. Virksomheden tilbyder et bredt udvalg af flyrejser, hoteller, billeje og pakkerejser (flybillet og hotel ). 

Strong first quarter with growth in bookings, revenue margin and Adjusted EBITDA. Full year guidance reiterated.

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Sommerens rejser går til Beirut og Dubai

Pressemeddelelser   •   Jul 14, 2016 13:52 CEST

Onlinerejsebureauet Travellink har analyseret sommerens rejsestatistik og fundet ud af, hvor vi nordboere helst vil rejse hen i sommer. De 10 mest populære destinationer vender hele tiden tilbage, men hvert år ser vi mindst ét rejsemål, der overrasker os.

Kontaktpersoner 1 kontaktperson

  • Pressekontakt
  • Presseansvarlig
  • peter.hellstrom@odigeo.com
  • +46 (0)73 773 6041

Om Travellink

Travellink tilbyder billige rejser til hele verden

Travellink er Nordens førende internetrejsebureau med virksomhed i Sverige, Norge, Danmark, Finland og Polen. Travellink er en del af eDreams ODIGEO. eDreams ODIGEO har virksomheder i 44 lande.

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