ASMALLWORLD AG (SWX:ASWN) expects a 40% revenue increase for first half of 2019 and confirms full year revenue guidance of CHF 12-12.5M
Zurich, 25.07.2019 - ASMALLWORLD AG expects revenues for the first half-year 2019 to reach CHF 5.5m which represents an increase of 40% compared to the same period last year. Simultaneously, the company grew its member base across the group from 47'800 to 54'900 in HY1. Furthermore, the company expects a significant improvement of its EBITDA and confirms its revenue guidance of CHF 12-12.5M for the full year.
Based on preliminary figures, ASMALLWORLD AG expects revenue growth of 40% for the first half of 2019. H1 revenue is expected to come in at CHF 5.5M, compared to CHF 3.9M in the first six months last year. The revenue growth rate is at the upper end of this year's guidance, which the company expects to be between 35 and 40%. For the full year, the company maintains its revenue target of CHF 12-12.5M.
In the first six month, the company grew its member base from 47'800 to 54'900 which represents a 15% increase. The company had previously communicated that it expects to have between 56,000 and 58,000 members by the end of 2019. The number of members has thus increased at a faster pace than previously expected and the goal for the year should be reached.
The company also expects its EBITDA result to have improved significantly for the first six months of the year, compared to the same period last year.
The financial report for the first half of the year will be published on 3rd September 2019.
Leading Travel & Lifestyle Community developed further during H1
During the first half of 2019, the company further developed its leading travel & lifestyle community. On June 25th, ASMALLWORLD launched a completely new iOS app which makes it even easier for members to get in touch with each other and to benefit from all the benefits of the ASMALLWORLD community. Further, on 4th June, the English-speaking website of First Class & More was launched, making the comprehensive Smart Luxury Travel offer accessible to a new and large target audience, expanding the company's revenue potential significantly.
The expansion and integration of LuxuryBARED, the hotel booking platform acquired in February 2019, is advancing according to plan. It is expected, that before year end, ASMALLWORLD members will be able to book a vast selection of luxury hotels with one click, from the app and website while benefiting from great privileges such as upgrades and late check-outs.
It is expected, that the iconic North Island resort in the Seychelles managed by ASW Hospitality AG will be flagged by Marriott's "The Luxury Collection" brand in the second half of this year. The respective property improvement plan is advancing according to plan and on schedule.
This press release and further information can be found at www.asmallworldag.com.
Jan Luescher, CEO
The ASMALLWORLD Group
Our vision is to build the world's leading travel & lifestyle community, focusing on experiences: the modern-day definition of luxury.
Centred around the ASMALLWORLD social network, we operate a digital travel & lifestyle ecosystem which enables and inspires our members to make new connections, travel better, and experience more.
Members of the ASMALLWORLD social network connect through our app and website, where they can meet other members, engage in online discussions, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges.
Members also meet in person at over 1000 global ASMALLWORLD events every year, ranging from regular get-togethers in major cities around the world, access to exclusive launches, shows, galas, soirees, exhibitions, major global sporting events, and larger flagship weekend experiences hosted in iconic destinations such as Saint-Tropez, Marbella, and Gstaad.
Other businesses of the ASMALLWORLD travel & lifestyle ecosystem are:
First Class & More, a subscription-based smart luxury travel service that allows members to enjoy luxury travel at insider prices
LuxuryBARED, a luxury hotel booking platform offering a curated collection of the world's best hotels and exclusive booking upgrades and privileges
The World's Finest Clubs, a nightlife concierge that offers its members VIP access to the most exclusive nightlife venues around the world
ASW Hospitality, a hotel management company that operates the ASMALLWORLD Hotel Collection and manages the iconic North Island resort in the Seychelles
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