Ad-hoc | 31 August 2000 08:56
Ad hoc-Service: Travel24.com AG
Semi Annual R
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Sales up – Break-even earlier than planned
Munich, 31 August 2000
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
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