ots Ad hoc-Service: Travel24.com AG <DE0007487506> Sales up - Break-even earlier than planned
Munich (ots Ad hoc-Service) -
The sender is solely responsible for the contents of this announcement.
Travel24.com AG (TVD, Neuer Markt securities number 748750), one of the leading German Internet-based travel companies, increased its booked sales by 69% in the first half of 2000. In comparison to the equivalent period the year before, sales of bookings rose from DM 7.546 million to DM 12.788 million and net sales rose from DM 1.284 million to DM 1.452 million. Earnings before interest, taxes, depreciation and amortisation (EBITDA) were minus DM 11.872 million and the net loss was DM 8.725 million. The figures for the reporting period show the company's strong organic growth and do not include the acquisitions made after 30.6.00. Through targeted marketing measures the number of page impressions has risen by over 643% to more than 2.9 million per month since the beginning of the year. Similarly, the dynamic sales growth, which is far above the market average, increased by 56% from the first to the second quarter 2000, proving that the product and service portfolio is being well received by the customers. With its investments in the Internet-related travel organisation and consolidator Aeroworld GmbH, the tourism application service provider Buchungsmaschine AG and the North American travel organisation Travelbyus.com plus over DM 100 million of cash assets and an equity ratio of over 95% - the company has established a solid base in order to press ahead with its global expansion involving selected travel, media and technology partners in various countries. Through its synergy effects, partnerships and its successful marketing strategy Travel24.com AG will continue to grow and will break even in 2002, one year earlier than planned. Contact:
Travel24.com AG Investor Relations Silke Siegel and Klaus Artmann Weinstraße 3 80333 München Phone: + 49 89 379 095 0 oder 0800T24AKTIE Fax: + 49 89 379 095 55 E-Mail: ir@travel24.com www. travel24.com
End Internet: http://recherche.newsaktuell.de
Original-Content von: Travel24.com AG, übermittelt durch news aktuell