EQS-Adhoc

ASMALLWORLD AG expects EBITDA for 2020 to be comparable to last year, despite challenging environment - Seite 2

At the same time, ASMALLWORLD will expand the revenue from its Subscriptions business unit by an estimated 10% for 2020, demonstrating resilience in its core business despite a difficult environment.

As a result, ASMALLWORLD expects its EBITDA to be CHF 1.30-1.50M, roughly in line with CHF 1.45M in 2019.

The company believes that it is well positioned to accelerate its growth again as soon as global travel restrictions are lifted.

"We entered 2020 with a lot of confidence to deliver strong growth, both in terms of sales and EBITDA. Unfortunately, the global pandemic tarnished our high expectations and severely limited our ability to deliver on our ambitions for this year. However, we anticipate that global travel will resume in the second half of 2021 and strongly believe that ASMALLWORLD is now extremely well positioned to profit from such a rebound in travel activity," commented ASMALLWORLD CEO Jan Luescher.

This press release and further information can be found at www.asmallworldag.com.

Definition of EBITDA as alternative performance measure: Earnings before interest (including all financial income and expenses), taxes, depreciation, and amortization

 

The ASMALLWORLD Group

ASMALLWORLD is the world's leading travel & lifestyle community, focusing on experiences, the modern-day definition of luxury.

Centred around the ASMALLWORLD social network, the company operates a digital travel & lifestyle ecosystem which inspires members to travel better, experience more and make new connections.

Members of the ASMALLWORLD social network connect through its app and website, where they can meet other members, book hotels, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges.

Members also meet in person at over 1'000 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world to flagship weekend experiences hosted in iconic destinations such as Saint-Tropez and Gstaad.

Other businesses of the ASMALLWORLD travel & lifestyle ecosystem include:

ASMALLWORLD Collection, an online hotel booking engine focused on the world's best hotels, offering customers the exclusive "ASMALLWORLD Preferred Rate" with extraordinary benefits at no additional cost