Interim report first quarter January 1 – March 31, 2015

CONDENSED FINANCIAL OVERVIEW

Financial information in the interim report refers, unless otherwise stated, to the Etraveli Group and figures in parentheses refer to the previous year.

First quarter JANUARY–MARCH 2015

• Revenue amounted to SEK 196.3 million (158.1), an increase of 24 percent compared to the previous year
• Net revenue amounted to SEK 160.3 million (135.3), an increase of 18.5 percent compared to the previous year
• EBITDA amounted to SEK 45.5 million (28.1), with an EBITDA margin of 28 percent (21)
• Operating profit amounted to SEK 26.2 million (9.9)
• Net profit amounted to SEK 17.1 million (0.7)

Significant events during and after the quarter

• The Board of Directors of Etraveli was expanded an extraordinary general meeting on January 26, 2015 through the addition of Sophia Bendz as a new member. For the last seven years Sophia Bendz has been Global Marketing Director at Spotify.

CEO COMMENT

"2015 has begun well for Etraveli. Our positive finish to 2014 has continued and compared to the same period in 2014 net revenue increased by 18.5 percent. Our EBITDA also improved significantly during the quarter, by 62 percent to SEK 45.5 million. This strong performance is partly due to our international expansion, but also to our success in combining an analytical approach with rapid implementation of operational changes. We continue to strengthen our product portfolio, thanks to which the company can take on more orders in tight competition.

In our home markets in the Nordic region, Sweden is performing especially well with substantial growth through our online travel agencies at the same time that the metasearch service flygresor.se continues to report growth. Countries outside the Nordics currently account for a third of volume, and the company continues to increase sales through better local understanding of these markets. While this is very gratifying, there are further improvements to make in a number of markets in order to be even more competitive. Measures have been defined and launched with the goal of raising our market share in Europe outside the Nordic region with continued revenue and earnings growth as a result.

Our efforts to develop the company from a Nordic online travel agency into an international search and transaction company continue at a rapid pace."

                                                                                                                                                              Mathias Hedlund, CEO

For further information, please contact:

Mathias Hedlund, CEO
Mobil: +46 (0)706 66 37 58 , mathias.hedlund@etraveli.com

Johan Waxberg, CFO
Mobil: +46 (0)701 48 72 72, johan.waxberg@etraveli.com

About Etraveli

Etraveli (publ) is the leading e-commerce group for online travel in the Nordics with a wide range of airline tickets, hotel accommodation and other travel related services. The company operates in 25 countries through brands such as Supersaver/Supersavertravel, Gotogate, Travelstart and the meta-search services Flygresor.se in Sweden.

Etraveli is one of the five largest aircentric online travel agents in Europe, and in 2014 it intermediated air tickets and related services for about SEK 8.5 billion, with revenue of more than SEK 640 million. The company is headquartered in Uppsala, Sweden and is owned by the private equity fund Segulah IV, LP and senior management.

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