Berlin, August 1, 2018 (pta008/01.08.2018/08:35) -
Design Hotels AG (m:access, Munich: LBA; ISIN: DE0005141006) today publishes the results for the first half-year of 2018 according to the German Commercial Code (HGB).
Most important key performance indicators within the group
Revenues in the first six months of 2018 increased by about 2% to Euro 11.58m (last year 11.36m). Revenues from membership fees grew by almost 2% to Euro 2.07m (2.04m). Booking commissions increased by around 10% to Euro 6.79m (6.20m) and remain the largest contributor to total revenue. Revenues from marketing products/consulting decreased by about 13% to Euro 2.72m (3.13m).
Gross margin increased in the first half-year 2018 compared to the same period in the previous year and came in at 58.2% (55.5).
EBITDA for the first half-year 2018 came in at Euro 1.54m (1.31m), which is an increase of 17%.
EBIT for the first half-year 2018 amounted to about Euro 1.37m, compared to Euro 1.14m in the same period of the last year.
The net profit (result after taxes) for the first half-year 2018 amounted to Euro 985,000, compared to Euro 814,000 in the same period of the last year. The profit per share was Euro 0.10 (0.09).
As per June 30, 2018, Design Hotels had cash and cash equivalents in the form of short-term deposits in the amount of Euro 10.42m, as compared to Euro 1.76m as per December 31, 2017. As of the end of the reporting period, shareholders' equity was Euro 10.88m, as compared to Euro 10.83m at the beginning of the financial year. The balance sheet was free of liabilities to banks and noteworthy goodwill.
CEO Claus Sendlinger commented:
"We are satisfied with the performance in the first half of the year 2018. We were able to increase total revenue as well as the operating result compared to the same period last year. The continuous disproportionately high increase in booking commissions again confirms our strategic alignment and the partnership with Starwood/Marriott for the participation of our member hotels in the SPG-program."
The complete half-year report is available for download as a PDF file via the attached link.
About Design Hotels(TM)
Design Hotels(TM) represents and markets a curated selection of more than 300 privately owned hotels in over 50 countries across the globe. Design Hotels offers them an international platform as well as comprehensive services: Conception, positioning, marketing, sales and other services and measures to optimize their revenues. As part of a worldwide creative network Design Hotels provides for innovation and exchange of ideas among its members, guests and visionary people from other branches. None of the Design Hotels members equals another. Each one has its own character, history and kind and manner how it blends in with the environment. All houses are connected through their uniqueness. They are formed by their creators, hoteliers, architects, designers and other creative minds whose passion form unrivalled events based on good ideas.
www.designhotels.com, ISIN: DE0005141006, m:access Munich Stock Exchange (Regulated Unofficial Market)