Preliminary Q4 2024 Lastminute.com NV Earnings Call Transcript
Key Points
- Revenue increased by 4% in Q4 2024 compared to Q4 2023, indicating growth despite a traditionally softer period.
- Gross profit rose by 6%, showcasing improved efficiency in variable costs.
- Adjusted EBITDA more than doubled compared to the previous year, reaching EUR5.4 billion.
- Full year net result more than doubled compared to 2023, reaching EUR15.7 million, marking a significant turnaround.
- Dynamic packages now account for 57% of total group revenue, reflecting a 13% point increase quarter on quarter.
- The B2C segment underperformed due to a competitive environment affecting flight sales.
- Net financial position decreased from EUR27.8 million to EUR19.0 million due to cash flow challenges.
- There was a significant remuneration for shareholders, including dividends and share buybacks, impacting cash reserves.
- Operating costs increased by 14% year over year due to continuous investments in tech infrastructure.
- The company faced disruptions with Ryanair, affecting transactions until a new agreement was signed.
Ladies and gentlemen, welcome to the Lastminute.com investor and media conference call and live webcast on the Q4 2024 and preliminary unaudited full year 2024. I'm Sandra, the chorus co operator. I would like to remind you that all participants have been listening mode and the conference is being recorded. The presentation will be followed by a Q&A session. Webcast viewers may submit their questions in writing by the relative field.
(Operator Instructions)
At this time it's my pleasure to hand over to Julia Weinhardt. Please go ahead, madam.
Thank you very much, Sandra. Welcome everyone to Lastminute.com investor and media conference call. I'm Julia Weinhardt, the head of investor relations at Lastminute.com, and I will be hosting today's call. Today I have with me our CEO; Alessandro Petazzi and our CFO; Diego Fiorentini.
As you can see on the agenda today, we will start with an introduction from our CEO, and then our CFO will provide you with an update on the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
