19.09.2019 - 11:59 Uhr

HolidayCheck Group AG adjusts its revenue and earnings guidance for financial 2019

HolidayCheck Group AG, DE0005495329

HolidayCheck Group AG adjusts its revenue and earnings guidance for financial 2019Munich, Germany, 19 September 2019 - HolidayCheck Group AG is adjusting its full-year guidance for its revenue growth and operating EBITDA.

For the year 2019 HolidayCheck Group AG now expects a revenue growth between 3.0 percent and 6.0 percent and an operating EBITDA between EUR 7.5 million and EUR 10.5 million.

The previous forecast for the financial year was revenue growth between 7.0 percent and 9.0 percent and an operating EBITDA between EUR 8.5 million and EUR 11.5 million.

The reason for the adjustment is that business development in the third quarter was below original expectations, from which the Management Board anticipates restrained business development in the fourth quarter. Overall, this means that in the second half of the year it will not be possible to fully compensate for the business performance in the first half, which fell short of original expectations.

Contact HolidayCheck Group AG Armin Blohmann Neumarkter Strasse 61 81673 München Germany

phone: +49 (0)89 357 680 901 fax: +49 (0)89 357 680 999 email: armin.blohmann@holidaycheckgroup.com

 

 

19-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: HolidayCheck Group AG Neumarkter Str. 61 81673 München

Germany Phone: +49 89 357680 901 Fax: +49 89 357680 999 E-mail: armin.blohmann@holidaycheckgroup.com Internet: www.holidaycheckgroup.com ISIN: DE0005495329 WKN: 549532 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 876469   End of Announcement DGAP News Service

876469  19-Sep-2019 CET/CEST