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Design Hotels AG: Report as of the First Half-Year of 2014 - Corrected Version

DGAP-News: Design Hotels AG / Key word(s): Half Year Results
Design Hotels AG: Report as of the First Half-Year of 2014 - Corrected
Version

01.08.2014 / 13:32

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Report as of the First Half-Year of 2014

Design Hotels AG reports Results for and publishes its Report as of the
first Half-Year 2014 - Corrected Version

- Revenue increases by 7 per cent to Euro 7.23m

- EBITDA increases by 158 per cent and goes up to Euro 663,000

Berlin, August 1, 2014 - Design Hotels AG (m:access, Munich: LBA; ISIN:
DE0005141006) today reports and publishes the results for the first
half-year of 2014 according to the German Commercial Code (HGB).

Version with corrected figures for Net profit and corrected table for
Consolidated Statement of Cash flow.

Most important key performance indicators within the Group:

Revenues in the first six months of 2014 increased by around 7% to Euro
7.23m (last year 6.74m). Booking commissions increased by around 10% to
Euro 3.37m (3.05m) and with 47% remain the largest contributor to total
revenues. Revenues from membership fees grew by 7% to Euro 1.66m (1.55m).
Revenues from Marketing Products/Consulting increased by 3% to Euro 2.2m
(2.14m).

Gross margin for the first half-year slightly increased and came in at 68%
compared with the same period of the last year (last year 65%).

EBITDA for the first half-year came in at Euro 663,000 (257,000), which is
an increase of 158%.

EBIT for the first half-year amounted to Euro 511,000, compared to Euro
152,000 in the same period of the last year.

The Net Profit (result after taxes) for the first half-year amounted to
Euro 372,000, compared to Euro 47,000 in the same period of the last year.
The profit per share was Euro 0.04 (0.01).

As per June 30, 2014, Design Hotels had cash and cash equivalents in the
form of short-term deposits in the amount of Euro 4.67m, as compared to
Euro 4.41m as per December 31, 2013. As of the end of the reporting period,
shareholders' equity was Euro 5.49m, as compared to Euro 5.12m at the
beginning of the financial year. The balance sheet was free of liabilities
to banks and noteworthy goodwill.


Further comments:

CEO Claus Sendlinger commented: "We were able to continue our growth path
in the first half of the financial year 2014 and managed to increase the
results in the three main business areas. Especially the growth in
generated bookings and, as a result, increased commission revenue confirmed
our qualitative growth and consumer retention strategies. The results