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Helsingfors toppar listan över världens bästa flygplatser

Pressmeddelanden   •   Mar 08, 2017 07:15 CET

​Helsinki Vantaa Airport placerar sig i topp när världens internationella flygplatser rankas. Ingen annan flygplats uppskattades lika mycket som den finska under 2016. Arlanda hamnar först på en 17:e plats. Det visar en omfattande internationell studie, presenterad av Travellink, där 65 000 passagerare från hela Europa deltog.

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Resetrender: Artificiell intelligens, scanning och personaliserade appar när mobilen tar över resan

Pressmeddelanden   •   Mar 03, 2017 07:15 CET

Var tredje resa världen över bokas idag via mobila enheter. Mobilen blir dessutom allt mer det självklara navet i resans alla delar: inspiration i sociala medier, prisjämförelser, bokningar, nedladdning av resehandlingar och som guide på resmålet. Travellink ser Artificial Intelligence (AI), scanning och personaliserade appar som nästa steg i vårt allt mer mobilanpassade resande.

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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

Pressmeddelanden   •   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 är Nordens ledande onlineresebyrå med verksamhet i Sverige, Norge, Danmark och Finland. För 17 år sedan var vi pionjärer på resor online. Idag är vi marknadsledande och en del av Europas största onlineresegrupp eDreams ODIGEO, representerat i 44 länder. Travellink har marknadens snabbaste och kraftfullaste bokningsfunktion med störst utbud av flyg, hotell, hyrbilar och kombinationer av flyg och hotell. I utbudet finns 450 flygbolag, över 1,1 miljoner hotell och 40 000 destinationer över hela världen. Alltid till bästa möjliga pris, högsta kvalitet och bästa 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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Svenskar finner kärleken - i luften

Pressmeddelanden   •   Feb 09, 2017 07:45 CET

Kärleken styr svenskarnas resande. Inga andra är flitigare på att hitta sin respektive på resan, göra slut på flygplatsen eller att använda platsstyrda dejtingappar för att finna kärleken. Allt enligt en stor europeisk enkät med drygt 11 000 deltagare som presenteras av Travellink.

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Sommarresor 2017: All-time-high för Spanien - och succé för polsk badpärla

Pressmeddelanden   •   Jan 26, 2017 07:25 CET

Det är högtryck för försäljning av sommarresor hos Travellink, Nordens största onlineresebyrå. Störst efterfrågan är det på resor till Spanien som ser ut att bli sommarens vinnare – igen. Lågprisresmål som Bulgarien, Portugal och Polen är sommarens uppstickare.

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Årets restrender: Spanskt högtryck, multi-flygresor och flexiblare kombinationer

Pressmeddelanden   •   Dec 13, 2016 06:50 CET

Spanien är den stora vinnaren när Travellink, Nordens största onlineresebyrå, summerar svenskarnas resår. London befäster positionen som det populäraste resmålet, medan Turkiet tappar mest. En tydlig trend är att svenskarnas resande blir allt mer flexibelt med fler kortare resor och större variation av resmål än tidigare.

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Nytt avtal ger Travellinks resenärer billigare samtal och surf

Pressmeddelanden   •   Dec 07, 2016 07:10 CET

​Travellink erbjuder nu, som första onlineresebyrå, sina resenärer att ringa och surfa helt utan roamingavgifter på semestern. Tjänsten erbjuds med hjälp av MobiTrotters app och omfattar samtliga länder i världen.

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Ny Nordenchef för Travellink

Pressmeddelanden   •   Dec 01, 2016 07:45 CET

Erik Wikander har utsetts till Nordenchef för Travellink, den nordiska delen av Europas största onlineresebyrå eDreams ODIGEO. Han efterträder Peter Carlsson som varit vd vid företaget sedan 2000.

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eDreams ODIGEO: Half Year Results to September 30th 2016

Pressmeddelanden   •   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 är Nordens ledande internetresebyrå med verksamhet i Sverige, Norge, Danmark och Finland. Företaget har tre affärsområden; privatresor, affärsresor och konferens & event. Travellink säljer flygresor från 440 olika flygbolag och över 550 000 hotell till mer än 40 000 destinationer världen över. Travellink ingår tillsammans med eDreams, Go Voyages, Opodo och Liligo i eDreams ODIGEO, Europas största internetresebyrå och e-commerceföretag. eDreams ODIGEO finns representerat i totalt 44 länder över hela världen. Företaget erbjuder ett stort utbud av flyg, hotell, hyrbilar och kombinationen av flyg och hotell.

​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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​Ny undersökning:Norskt lågprisflyg i topp - Norwegian är överlägsen favorit hos svenska flygresenärer

Pressmeddelanden   •   Okt 09, 2016 13:16 CEST

Låga priser, bra flygtider och korta väntetider.

Det är de viktigaste komponenterna för en lyckad resa enligt en undersökning gjord av internetresebyrån Travellink.

Norwegian är det lågprisflygbolag överlägset flest svenskar vill resa med.

Hela 64 procent av svenskarna som svarat på undersökningen har Norwegian som favorit, vilket gör flygbolaget överlägset störst på nationell nivå. På andraplats kom Thomas Cook med 12,9 procent, tätt följt av Ryanair med 12 procent.

”För Norwegian är det viktigt att erbjuda bra kvalitet till ett lågt pris. Vi hoppas att våra direktlinjer med helt nya, mer miljövänliga flygplan, gratis WiFi och vänliga service kommer att uppskattas av resenärerna. Positiv feedback från kunder är mycket viktig och motiverar oss att fortsätta arbeta för att ännu fler ska välja Norwegian på sin nästa resa”, säger Norwegians försäljningschef Lars Sande.Pris, flygtider och väntetider
Undersökningen visar att det som är viktigast vid bokning av flygresa är priset, följt av bra flygtider och korta väntetider.

– Toppbetyget gör mig inte överraskad. Norwegian har under flera år jobbat stenhårt på att bli bäst på den svenska marknaden, säger Peter Carlsson, VD Travellink Norden.

Oväntade avgifter irriterar resenärenHälften av deltagarna i undersökningen anser att oväntade avgifter är för höga i relation till kostnaden för själva resan. Avgifter för extra bagage eller incheckning på flygplatsen får resenärer att ifrågasätta lågprisflygbolag.

EasyJet är favorit Europa På europeisk nivå anser 6 av 10 resenärer att EasyJet är det bästa lågprisflygbolaget tack vare bra kundservice och många avgångar. På andraplats ligger Ryanair, följt av Norwegian som ligger trea i Europa.

Topp 5 lågprisflyg i Sverige Topp 5 lågprisflyg i Europa
Norwegian Airlines 64 % EasyJet 22%
Thomas Cook 13 % Ryanair 18 %
Ryanair 12 % Norwegain Airlines 12 %
Wizz Air 9 % Vueling 8%
TUIFly 8 % Eurowings 4 %
För mer information:
Anne-Marjut Väänänen, country manager, PR Nordic, Travellink Finland
E-post:anne-marjut.vaananen@travellink.com

Travellink är Nordens ledande internetresebyrå med verksamhet i Sverige, Norge, Danmark och Finland. Företaget har tre affärsområden; privatresor, affärsresor och konferens & event. Travellink säljer flygresor från 440 olika flygbolag och över 550 000 hotell till mer än 40 000 destinationer världen över. Travellink ingår tillsammans med eDreams, Go Voyages, Opodo och Liligo i eDreams ODIGEO, Europas största internetresebyrå och e-commerceföretag. eDreams ODIGEO finns representerat i totalt 44 länder över hela världen. Företaget erbjuder ett stort utbud av flyg, hotell, hyrbilar och kombinationen av flyg och hotell.

Låga priser, bra flygtider och korta väntetider. Det är de viktigaste komponenterna för en lyckad resa enligt en undersökning gjord av internetresebyrån Travellink. Norwegian är det lågprisflygbolag överlägset flest svenskar vill resa med.

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Om Travellink

Travellink erbjuder billiga resor till hela världen

Travellink är Nordens ledande internetresebyrå med verksamhet i Sverige, Norge, Danmark, Finland och Polen. Travellink ingår i eDreams ODIGEO. eDreams ODIGEO har verksamhet i 44 länder.