eDreams ODIGEO: First Quarter Results to June 30th 2016
Barcelona, 26 August, 2016 – eDreams ODIGEO (www.edreamsodigeo.com), the largest flight retailer in Europe and one of the world’s leading online travel companies, today reported its results for the first quarter ended June 30[th] 2016. · RESULTS HIGHLIGHTS · · Strong growth in bookings (+11%), revenue margin (+9%) and Adjusted EBITDA (+30%) · Adjusted net income of €9.2million, representing a 172% increase year-on-year · Successful debt deleveraging. Group successfully repurchased€30 million of the 2018 notes · Solid cash flow with cash position of €111.7