DGAP-News

Design Hotels AG publishes its Report as of the first Half-Year 2015

DGAP-News: Design Hotels AG / Key word(s): Half Year Results
Design Hotels AG publishes its Report as of the first Half-Year 2015

03.08.2015 / 08:30

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Design Hotels AG publishes its Report as of the first Half-Year 2015

- Revenue increases by 16.5 percent to Euro 8.4m

- EBITDA increases by 4 percent and goes up to Euro 689,000

Berlin, August 3, 2015 - Design Hotels AG (m:access, Munich: LBA; ISIN:
DE0005141006) today reports and publishes the results for the first
half-year of 2015 according to the German Commercial Code (HGB).

Most important key performance indicators within the Group:

Revenues in the first six months of 2015 increased by 16.5% to Euro 8.42m
(last year 7.23m). Revenues from membership fees grew by 11% to Euro 1.84m
(1.66m). Booking commissions increased by around 12% to Euro 3.78m (3.37m)
and remain the largest contributor to total revenues. Revenues from
Marketing Products/Consulting increased by 27% to Euro 2.8m (2.2m).

Gross margin decreased in the first half-year compared to the same period
in the previous year and came in at 63 (68) %.

EBITDA for the first half-year came in at Euro 689,000 (663,000), which is
an increase of 4%.

EBIT for the first half-year amounted to Euro 509,000, compared to Euro
511,000 in the same period of the last year.

The Net Profit (result after taxes) for the first half-year amounted to
Euro 364,000, compared to Euro 372,000 in the same period of the last year.
The profit per share was Euro 0.04 (0.04).

As per June 30, 2015, Design Hotels had cash and cash equivalents in the
form of short-term deposits in the amount of Euro 5.15m, as compared to
Euro 5.71m as per December 31, 2014. As of the end of the reporting period,
shareholders' equity was Euro 6.52m, as compared to Euro 6.13m 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 are content with the revenue result in
the first half-year 2015; we were able to increase revenues in all three
main business areas. The disproportionately strong increase of total
revenue is partially due to the strong US Dollar compared to the Euro. On
the earnings side, we are behind the expectations in the first half of the
year."

Regarding the partnership with Starwood Hotels & Resorts Sendlinger said:
"Since the domination agreement with Starwood Hotels & Resorts Incorporated