Below are the main economic and financial data:
- REVENUES: 19.527 million euros (compared to 17.118 million euros at 12/31/2022) +14.07%
- EBITDA: 461,251 euros (compared to 23 thousand euros at 12/31/2022) + 438,219 euros
- Adjusted EBITDA: €541,087 + €79,836 compared to EBITDA
- EBIT: -€95,675, a strong improvement (compared to -€673,828 at 12/31/22)
- Net result: 1.169 million euros, a clear improvement (compared to -616 thousand euros at 12/31/2022)
- Adjusted NFP (net financial position) (cash): -27 thousand euros () (compared to -761 thousand euros at 06/30/2023)
- Gross Booking value (NASDAQ:) () as of March 27, 2024, equal to 7.17 million euros (increasing 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.
GALLARATE, Italy–(BUSINESS WIRE)–Sostravel.com SpA (Euronext Growth Milan: SOS and OTCQB New York: SOSAF), an Italian digital travel platform for reservations, itineraries, flight and airport information, car rentals, experiences and technological travel services including Lost Baggage Concierge and Dr. Travel, through the sostravel and flio apps as well as the platforms www.sostravel.com and www.amareitalia.com, (“SosTravel” or the “Company”), communicates that the The Board of Directors, which met today, approved the annual financial statements as of 31 December 2023.
Carmine Colella, CEO of Sostravel.com, commented: “The Gross Booking Value as of March 27, 2024 was equal to 7.17 million euros (increasing by 29.6%) and the services of the ‘Passenger Services’ business unit, which includes Lost Baggage Concierge and Dr. Travel, show a strong growth in the period, are the result of the performance of the dedicated team that we put in place in the fourth quarter of 2023, and the great success of Private Label products in Sardinia and Kenya, which allow us to confirm the objectives of the Industrial Plan for 2027. “
The Company exceeded the EBITDA targets presented in the original version of the Plan published in February 2023. The Company therefore confirms the objectives of the Business Plan for 2027, as summarized below:
|
KPI € |
2024E |
2025E |
2026E |
2027E |
|
Revenues |
20.9 million |
25 million |
29M |
32.5 million |
|
YoY growth % |
7.6% |
19.4% |
15.7% |
12.0% |
|
EBITDA |
1.29 million |
2.17 million |
3.15M |
3.83 million |
|
EBITDA Margin% |
6.2% |
8.7% |
10.9% |
11.8% |
|
NFP (cash) |
(1.57 million) |
(2.61 million) |
(4.50 million) |
(4.89 million) |
Download the complete 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 SpA
Investor relations
investor.relations@sostravel.com
www.sostravel.com
Source: Sostravel.com SpA