eDreams Odigeo yields 0.6% at closing after presenting six-monthly losses but maintaining targets

The shares of eDreams Odigeo closed the trading session with a fall of 0.6% in the Continuous Market, after starting the session with a decline of more than 10% in the opening after presenting a net loss of 16.9 million euros. euros in the first six months of its fiscal year, ended on September 30, compared to earnings of 6.5 million a year earlier.

During the day, the titles of the travel agency ‘online’ have ranged between a minimum value of 2,935 euros and a maximum of 3,27 euros, to close with a price of 3,25 euros.

The company attributes this result to the investments that are being made to change its revenue model in order to build a “more sustainable” business, generating higher revenues on fewer reserves. Its revenue figure increased by 5%, with 267.6 million euros, while reserves decreased by 2%. The gross operating result (Ebitda) of eDreams stood at 51.5 million euros, 20% more.

eDreams Odigeo maintains its announced goals for the 2019 financial year with an income margin of over 509 million euros and an adjusted Ebitda of 118 million, around 10% more. However, it notes that reserves can remain or decrease by 4% compared to the previous year.

Diversification revenues have been placed as the main source of sales, reaching 41%, and standing for the first time over traditional revenues (40%), which come from air intermediation, while the remaining 19% comes from Providers. 42% of the reservations made are via mobile.

The company announced today that it expects to make 93 new hires in the coming months for its global workforce, which is around 1,700 employees, of which 1,400 are in Spain and 1,300 in Barcelona, ​​the latter spread over three locations.