Brief: Lastminute.Com FY Net Profit At EUR 23.9 Mln

Lastminute.com NV

19/03/2020 06:12

March 19 (Reuters) - LASTMINUTE.COM NV  LMN.S :
    * FY CORE BUSINESS SALES OF EUR 337.8 MILLION, AN INCREASE
OF
19.9% COMPARED TO 2018
    * FY CORE BUSINESS EBITDA OF EUR 71.2 MILLION, AN INCREASE
OF
64.4% COMPARED TO 2018
    * FY NET PROFIT OF EUR 23.9 MILLION COMPARED TO EUR 8.4
MILLION IN
2018 (+ 184.5% INCREASE)
    * JAN-FEB 2020 SALES IN CORE BUSINESS ROSE TO EUR 61.6
MILLION
COMPARED TO EUR 51.8 MILLION IN 2019
    * JAN-FEB 2020 EBITDA IN CORE BUSINESS REACHED EUR 12.5
MILLION
COMPARED TO EUR 10.8 MILLION IN 2019
    * JAN-FEB 2020 NET PROFIT WAS EUR 5.9 MILLION, + 74.4% OF
EUR 3.4
MILLION IN 2019
    * FROM SECOND HALF OF FEBRUARY 2020, HAS SEEN SHARP DECLINE
IN
DEMAND FOR FLIGHT BOOKINGS AND HOTEL RESERVATIONS ESPECIALLY TO
AND FROM ITALY DUE TO CORONAVIRUS OUTBREAK
    * ASSUMES THAT WEAK BOOKING PERIOD WILL CONTINUE FOR SOME
TIME
    * IMPACT OF CORONAVIRUS OUTBREAK ON SHORT-TERM FINANCIAL
RESULTS
CANNOT BE RELIABLY ASSESSED
    * THEREFORE, COMPANY DOES NOT CURRENTLY PUBLISH ANY OFFICIAL
FORECASTS FOR 2020 FINANCIAL YEAR

Source text for Eikon:  ID:nTENy5dj5a 
Further company coverage:  LMN.S 

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