“We always said we were one travel agencybut in reality we have become one technology subscription company which sells trips”. eDreams ODIGEO closing another growth year and with good news travel industry Overall, it has not yet fully returned to pre-crisis levels. covid I would totally screw it up. And it succeeds, because this Thursday CEO of the company, Dana Dunneand her CFO, david elizagabecause of how well your behavior behaves main joban offer that allows the customer to subscribe to the company and make a payment fixed price in exchange for access to cheaper travel and other complementary services.
The Barcelona-based company closes the fiscal year 2022-2023 (running from April to March) with a turnover of 621 million euros (47% more than in the previous year), which comes from almost half of the company’s 4.3 million subscribers. the ‘main’ program (60% more than in the previous year), which is operating profit Almost double the level it offered in 2022. In any case, this does not prevent the company from closing the period with red numbers again. eDreams reduced by a third net lossbut the result is still negative 43 million euros.
“The net benefit will take a little longer, but the bottom line is that massively increasing our employee base”, Elizaga continued. “The truth is we get a lot of requests from customers: we know what needs to be developed for them, and that requires more engineers,” said the same executive, who took the opportunity to remember that the workforce has increased by 50%. they have since launched this in November 2021 recruitment drive and the company currently has 140 open positions.
Ultimately, the goal is to reach March 2025 with 1,500 employees (a figure they are sure to exceed), 7.25 million subscribers, doubling EBITDA and then yes, net benefit.
Cheap tickets and incarceration
For now, they are more than happy with their progress towards this goal. “We are very pleased with the financial results: in the last financial year many historical records for the company”, he valued Dunne, whom he gave as an example. income And subscribersat the same time number of reservationsand improving cost effectiveness. “Business is showing a lot of strength: we are 7-quarters ahead in reserves, even though the industry is still below 2019,” Elizaga said.
First of all, they associate it with this program’First’ (“When the customer sees the advantages he has price And experience Doesn’t matter if you’re a customer traveler chic or a person weekend getaways From time to time,” says the financial director), but at the same time the effects of the lockdown are still being felt in the country. desire to travel because, after all, flight tickets They are still cheaper than before covid. And so people continue to travel: according to their data, fewer days and closer (probably inflation), but ultimately to travel.