Sostravel.com Approves the Annual Financial Statement Draft as of December 31, 2023: Profit of €1.169 Million and Gross Booking Value Growth of 29.6%
April 02 2024 - 1:01AM
Business Wire
Below are the main financial and economic data:
- REVENUE: €19.527 million (compared to €17.118 million as of
31/12/2022) +14.07%
- EBITDA: €461,251 (compared to €23k as of 31/12/2022)
+€438,219
- Adjusted EBITDA: €541,087 +€79,836 versus EBITDA
- EBIT: -€95,675, showing strong improvement (compared to
-€673,828 as of 31/12/22)
- Net result: €1.169 million, significantly improved (compared to
-€616k as of 31/12/2022)
- Adjusted NFP (net financial position) (cash): -€27k (*)
(compared to -€761k as of 30/06/2023)
- Gross Booking Value (**) as of March 27, 2024, equal to €7.17
million (up by 29.6% compared to the same period in 2023)
(*) The minus sign indicates a positive cash balance. (**)
Off-balance sheet value of bookings received.
Sostravel.com S.p.A. (Euronext Growth Milan: SOS and OTCQB New
York: SOSAF), an Italian digital travel platform for bookings,
itineraries, flight and airport information, car rental,
experiences, and travel tech services including Lost Luggage
Concierge and Dr. Travel, through the apps sostravel and flio as
well as the platforms www.sostravel.com and www.amareitalia.com,
("SosTravel" or the "Company"), announces that the Board of
Directors, meeting today, has approved the annual financial
statement as of December 31, 2023.
Carmine Colella, CEO of Sostravel.com, commented: "The
Gross Booking Value results as of March 27, 2024, amounting to 7.17
million Euros (an increase of 29.6%), and the services of the
'Passenger Services' business unit, which includes Lost Luggage
Concierge and Dr. Travel, showing strong growth for the period, are
the outcome of the performance of the dedicated team that we
deployed in the fourth quarter of 2023, and the great success of
the Private Label products in Sardinia and Kenya, which enable us
to confirm the objectives of the Industrial Plan for 2027."
The Company has exceeded the EBITDA targets presented in the
original version of the Plan published in February 2023. The
Company therefore confirms the objectives of the Industrial Plan
for 2027, as summarized below:
KPIs €
2024E
2025E
2026E
2027E
Revenues
20,9M
25M
29M
32,5M
Growth YoY %
7,6%
19,4%
15,7%
12,0%
EBITDA
1,29M
2,17M
3,15M
3,83M
EBITDA margin %
6,2%
8,7%
10,9%
11,8%
PFN (cash)
(1,57M)
(2,61M)
(4,50M)
(4,89M)
Download the full Press Release on the IR website of
Sostravel.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240401973239/en/
SosTravel.com S.p.A.
Investor Relations investor.relations@sostravel.com
www.sostravel.com
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