Half Year 2025 Lastminute.com NV Earnings Call Transcript
Key Points
- Revenues grew by 11% in H1, aligning with company guidance.
- Adjusted EBITDA increased by 26%, demonstrating strong operational leverage.
- Successful reintroduction of Ryanair into the meta-channel contributed to improved flight segment performance.
- Strategic focus on expanding B2C proposition across European markets, particularly in high-potential tier 2 markets.
- Cost-saving measures from organizational restructuring are expected to save approximately EUR 1 million per quarter starting Q3.
- Net result for H1 was lower than last year, primarily due to a one-off EUR 4.7 million severance cost.
- Adverse exchange rate effects negatively impacted financial results.
- Increased marketing investments in tier 2 markets led to short-term profitability impacts.
- Dynamic packaging growth was only 1% in Q2 due to seasonal effects, impacting overall package performance.
- Higher finance costs and long-term lease liabilities affected financial performance in H1 2025.
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Webcast viewers may submit their questions or comments in writing by the reed field. Please hold the line. The conference will begin shortly.
Thank you.
Ladies and gentlemen, please hold the line. The conference will begin shortly.
Thank you. [Operator Instructions]
Please note, anyone who wishes to ask a question during the conference may press star and one on the touchstone telephone. You will hear a tone. [Operator Instructions]
Good morning and welcome to the Lastminute.com Half year and Q2 '2025 financial results conference call.
Today's call will be hosted by Julia Weinhart, head of investor relations, and joined by Alessandro Petazzi, Chief Executive Officer, and
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