Design Hotels AG: Design Hotels AG publishes Report on Half-Year Results 2017

Revenue increases by 16% to Euro 11.36m, EBITDA increases by 9.4% and goes up to Euro 1.31m

Berlin, August 01, 2017 (pta006/01.08.2017/08:33 UTC+2) Most important key performance indicators within the group

Revenues in the first six months of 2017 increased by 16% to Euro 11.36m (last year 9.79m). Revenues from membership fees grew by 1% to Euro 2.04m (2.01m). Booking commissions increased by around 30% to Euro 6.20m (4.77m) and remain the largest contributor to total revenues. Revenues from Marketing Products/Consulting increased by 4% to Euro 3.13m (3.00m).

Gross margin decreased in the first half-year 2017 compared to the same period in the previous year and came in at 55,5% (60).

EBITDA for the first half-year came in at Euro 1.31m (1.20m), which is an increase of 9.4%.

EBIT for the first half-year 2017 amounted to about Euro 1.14m, compared to Euro 1.00m in the same period of the last year.

The Net Profit (result after taxes) for the first half-year 2017 amounted to Euro 814,000, compared to Euro 684,000 in the same period of the last year. The profit per share was Euro 0.09 (0.08).

As per June 30, 2017, Design Hotels had cash and cash equivalents in the form of short-term deposits in the amount of Euro 1.68m, as compared to Euro 1.22m as per December 31, 2016. As of the end of the reporting period, shareholders' equity was Euro 9.66m, as compared to Euro 8.91m 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 satisfied with the performance of the first half-year 2017. We were once again able to record a revenue increase in all three main business areas. The disproportionately strong growth in revenue from booking commissions results from the connection of member hotels to the new Starwood booking channels as part of our partnership with Starwood/Marriott. We expect that approximately 60% of our member portfolio will be participating in the Starwood program by the end of the year and will be bookable on the Starwood channels."

The full report on half year results of Design Hotels AG is available as pdf for download via the following link.

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Emitter:	Design Hotels AG Stralauer Allee 2c 10245 Berlin Germany
Contact Person:	Sascha Wolff, Chief Financial Officer
Phone:	+49 30 8849400-14
E-Mail:	ir@designhotels.com
Website:	www.designhotels.com
ISIN(s):	DE0005141006 (Share)
Stock Exchange(s):	Free Market in Berlin, Frankfurt, Munich (m:access), Stuttgart