eDreams ODIGEO closes 2013 with business volume nearing €4.4 billion

Europe’s largest online travel agency group has also increased net sales by 15% and its results continue to grow

Barcelona, 23 June 2014: eDreams ODIGEO (www.edreamsodigeo.com), the largest online seller of flights in the world and Europe’s largest e-commerce company in terms of profits, finished the 2013/2014 fiscal year on March 31^st with sales of €4.384 billion euros. These numbers confirm the line of growth that the company has maintained, year after year, in spite of the global economic crisis.

During this fiscal year, net sales increased by 15% and stood at €428.6 million. In addition, the growth figures of the largest e-commerce company on the European continent are particularly noteworthy outside of its traditional markets within Europe, where the net sales have grown by 26%. e-Dreams ODIGEO has also increased its EBITDA by 8%, reaching a total of €117.6 million, which has strengthened its capacity to generate resources to meet future investments and financial debt.

Javier Pérez-Tenessa, co-founder and CEO of eDreams ODIGEO, states that "this has been an excellent year as we continue to grow globally and locally," and that "the key result of this year lies in the strong commitment of the three pillars that the company has established since its creation: internationalization; research, development and innovation; and diversification within its business activity."

The year 2013 saw the execution of a strategic expansion plan: not just in territories, but for the company, as well. One facet of this was eDreams ODIGEO’s entrance into the markets of Greece and Holland, which now means that the company has managed to become present in forty-two countries, as of the end of the fiscal year. “We’ve now become the largest distributor of regularly-scheduled flights in the world, and we want to continue to expand our territorial presence to become a global leader within our category.” That’s the confidence that Pérez-Tenessa has shown in the company’s expansion plans for the company that leads, and which ended the year with 15.4 million customers, a 10% increase over the previous year.

The company also acquired the French Liligo comparison website, one of the major search engines for travel at the European level, adding to the four brands that initially made ​​up the company. The business plan programmed for next year plans to continue with this strategy of growth by detecting business opportunities and expanding into new markets, such as the company’s recent entry into Russia.

Despite a complicated year for the economy in Europe, this rising trend for results has allowed a high degree of confidence to be transmitted to shareholders, which has in turn facilitated flotation on the stock market — the first major one in the last three years — making this the first listed internet start-up in Spain.

R&D + Innovation and Human Capital: Factors for success
Investing in research, development and innovation is one of the pillars on which the Group’s policy rests, and is a key growth factor for this fiscal year. The company has invested millions of euros in state-of-the-art technologies to stay at the forefront of of technological innovation, not only in the field of e-commerce, but also with mobile-commerce, improving service offered to its customers. Thanks to its commitment to mobility, eDreams sales through mobile devices, including smartphones and tablets, have increased over 120% in the last year, "which already shows that this is a strategic field to win competitiveness," says the company’s CEO.

The group, which employs around 1,700 professionals, increased its human capital by 15% last year. The workforce of eDreams ODIGEO, composed of people from over sixty different countries, is a reflection of a company that operates at the international level and is attracting talent as one of its strategic lines, to continue growing and providing the best service lines.

About eDreams ODIGEO
eDreams ODIGEO (www.edreamsodigeo.com) is the largest online travel agency (measured in terms of margins over sales) in Europe, and Europe’s largest e-commerce business. Under its five brands (eDreams, GO Voyages, Opodo, Travellink and Liligo), it offers the best deals on regularly-scheduled flights, charters, low-cost airlines, hotels, cruises, car rentals, vacation packages, travel insurance and stays of varying length to more than 15 million clients all over the world. It is also an extremely useful platform for advertisers to reach their markets of interest in a personalized way, both at the local and the global level. Present in forty-three countries, the company counts on human capital of more than 1,700 professionals. eDreams ODIGEO is listen on the Mercado Continuo Español and billed €4.384 billion last fiscal year.