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eDreams ODIGEO’s Financial Results 9M 2024 | Soaring Revenues & Profit Growth with CFO


eDreams ODIGEO's 9M 2024 Key Takeaways

Introduction to a Milestone Achievement

In an engaging and detailed presentation of financial results, eDreams ODIGEO’s CFO unveils a remarkable fiscal performance for the nine months ending December 31, 2023. The company, a leader in the travel subscription sector and a giant in European e-commerce, has crossed the €500 million revenue mark for the first time, reporting a significant 10% growth to €507.3 million from €459.7 million in the previous year. This financial milestone is accompanied by a substantial 54% increase in profitability, reaching €88.6 million.

Unpacking the Success of the Subscription Model

The presentation delves deep into the core drivers behind these impressive numbers. A pivotal element is the company’s strategic pivot to a subscription-based business model, which now accounts for 78% of the company’s marginal profit. The CFO highlights the robust 38% growth in the subscriber base, now totalling 5.4 million members, even during traditionally low seasonal quarters. This growth signifies the company’s successful business model transformation and its resilience and appeal in the dynamic travel industry landscape.

Strategic Investments and Future Growth

eDreams ODIGEO’s commitment to innovation and growth is further evidenced by its share repurchase plan of 5.5 million shares, amounting to up to €50 million. Dana Dunne, CEO, articulates the company’s vision and strategic direction, emphasizing the continued success of the subscription model and its substantial contribution to revenue and profit growth. The presentation outlines the company’s future outlook, reiterating the confidence in achieving an expanded Prime membership base of between 5.75 and 5.9 million by the end of FY2024 and setting ambitious targets for FY2025, including surpassing 7.25 million Prime members and achieving over €180 million in Cash EBITDA.

Financial Highlights and Operational Success

The detailed financial breakdown showcases the revenue and profit growth and a significant improvement in marginal cash profit, which soared to €158.9 million, marking a 38% increase. The operational success is underpinned by the increasing maturity and renewal rates among existing members, contributing positively to the company’s margins. Despite these impressive achievements, the presentation remains grounded, acknowledging the investments in expanding the Prime membership base and enhancing the tech workforce as strategic moves for long-term growth and profitability.

Conclusion and Strategic Outlook

Concluding the presentation, the CFO reconfirms the company’s strategic targets for 2025, demonstrating a clear trajectory towards greater profitability and an expanded subscriber base. eDreams ODIGEO’s journey from a leading online travel agency to a pioneering subscription-based business model is a testament to its innovative approach and positions the company for continued success in the evolving travel industry.

This financial results presentation by eDreams ODIGEO is a comprehensive showcase of the company’s fiscal achievements, strategic insights, and forward-looking growth plans, offering valuable information to investors and stakeholders about its promising future trajectory.

  • Quarterly net adds
  • Profit margins up significantly due to Prime
  • Prime represents more of the overall business
  • Strong growth in Cash EBITDA
  • Significant progress achieved since our Capital Markets Day
  • Why Invest in eDO
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CFO | eDreams ODIGEO

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David de la Roz Fernandez | IR eDreams ODIGEO


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