ASMALLWORLD Full Year Results 2023

Highest Revenue on Record, Higher Net Income and Strengthened Balance Sheet - Seite 3

The ASMALLWORLD social network experienced a surge in in-person events, with a 31% increase from 654 events in 2022 to 856 events in 2023, indicative of renewed enthusiasm for physical gatherings. As online events were purposefully reduced to prioritise in-person experiences, the company remains committed to maintaining a hybrid event schedule, catering to diverse preferences, and fostering meaningful connections within its global community.

Healthy Balance Sheet – Debt Reduced by 54%

After achieving self-funding status in 2022, ASMALLWORLD further fortified its financial position in 2023 by substantially reducing its debt by 54% year-on-year. The company's outstanding debt now stands at CHF 4.2 million, down from CHF 9.1 million at the end of 2022. This significant reduction was largely facilitated by a successful capital increase in October, which saw the creation of 2.7 million new shares, bolstering ASMALLWORLD's financial resources for debt repayment.

With debt now at a level lower than its cash and short-term investment positions combined, ASMALLWORLD maintains the flexibility to opt for debt-free status, reinforcing its commitment to sound financial management and long-term sustainability in the luxury travel market.

ASMALLWORLD DISCOVERY and Jetbeds Added to the ASMALLWORLD Portfolio

ASMALLWORLD expanded its offerings with ASMALLWORLD DISCOVERY and Jetbeds, continuing its effort to diversify its revenue streams.

ASMALLWORLD's strategic acquisition of a 10% stake in Global Hotel Alliance (GHA) in late 2021 signalled a period of new opportunities. With over 800 hotels and more than 25 million customers, the GHA DISCOVERY loyalty programme offers complimentary access to ASMALLWORLD's community for its top-tier memberships, providing an avenue for expansion. The launch of ASMALLWORLD DISCOVERY in April 2023 introduced independent hotels to the GHA DISCOVERY platform, further diversifying the company’s revenue streams. By the close of 2023, this initiative had garnered traction, with 18 hotels embracing the service, underscoring its promising potential. Moreover, the financial investment in GHA as a company proved lucrative as well, with GHA disbursing a USD 300,000 dividend to ASMALLWORLD in 2023, further contributing to the company's favourable 2023 results.