eDreams ODIGEO: Full Year Results to 31st March 2016

eDreams ODIGEO: Full Year Results to 31st March 2016

Strategic initiatives delivering growth in bookings, revenues and Adjusted EBITDA; Adjusted Net Income +50%

Barcelona, 20 June, 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

full year ended March 31st 2016.

RESULTS HIGHLIGHTS

o Business model changes in product, marketing and pricing – bookings (+10%) and

variable cost per booking (-6%)

o Mobile channel acceleration – bookings up 51%, 24% of all flight bookings in FY 2016

o Advertising and Metasearch business grew 37%

Dana Dunne, CEO, commented

“These results reflect significant progress made this year and a moment of transition for the

business, with bookings, revenue margin and EBITDA all growing at a steady rate. Our Expansion

markets continue to grow strongly and our Core markets returned to growth for a third consecutive

quarter. The rapid increase in mobile bookings, ahead of the industry average has been particularly

pleasing, along with improvements in our product, traffic re-orientation and revenue.”

He added:

“Looking ahead, we see a positive market environment for the company which will enable us to

make travel easier, more accessible and better value for more customers. We expect further growth

in bookings, revenue margins and adjusted EBITDA and to capitalise on the growth in the OTA

market fuelled by the move from offline to online.”

FULL FISCAL YEAR 2016 RESULTS

In the 12 months ended March 31, 2016, eDreams ODIGEO delivered solid results. The strategy

announced in June 2015 continues to drive improvements in the business, and is consequently

delivering positive growth rates in bookings, revenue margin and adjusted EBITDA.

The group is making good progress in all the strategic initiatives, including an improved product

proposition, business model and channel mix realignment, as well as improved customer experience

and satisfaction.

This resulted in bookings growing 10% to 10.7 million, a rise of 6% in revenue margin to €463.3

million, adjusted EBITDA growth accelerating in Q3 and Q4, up 6% year-on year, and adjusted Net

Income rising by 50%.

PLS SEE PDF VERSION FOR FULL TEXT/RESULT RELEASE.

Information: PR Nordic, Anne-Marjut Väänänen, anne-marjut.vaananen@travellink.com