Switzerland · Delayed Price · Currency is CHF lastminute.com Earnings Call Transcripts
Fiscal Year 2026
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Revenue and adjusted EBITDA each rose 2% in 9M, while Q3 adjusted EBITDA grew 7% despite lower revenue. FY 2026 revenue and adjusted EBITDA are expected to match 2025, with AI-enabled products and restructuring savings supporting the strategy.
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Q2 2026 saw revenues decline 2% year-over-year due to geopolitical headwinds, but flights and hotels segments grew while packages lagged. AI-driven restructuring led to a 25% headcount cut and EUR 16 million in expected annualized savings. Full-year EBITDA guidance was revised to 5–10% growth, with H2 profitability set to benefit from cost reductions and improved booking trends.
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Q1 2026 saw 8% revenue growth and 6% higher adjusted EBITDA, with strong flight and hotel segments offsetting package softness from Middle East disruptions. Free cash flow rose 46%, cost efficiencies improved margins, and guidance for 2026 is confirmed amid robust European travel demand.
Fiscal Year 2025
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Revenue and adjusted EBITDA exceeded guidance in 2025, driven by strong growth, cost discipline, and strategic market expansion. The business remains resilient amid geopolitical disruptions, with continued growth expected in 2026 and a focus on industrial use of cash.
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Delivered record 2025 results with 15% revenue and 33% Adjusted EBITDA growth, surpassing guidance. Strong cash flow, improved margins, and market share gains set a robust foundation for 2026, with further growth and brand investment planned.
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Q3 and nine-month results showed robust revenue and EBITDA growth, driven by core segment performance, cost discipline, and operational efficiency. The Cruise division was discontinued, and guidance was raised, with a three-year plan targeting EUR 450 million in revenue and over EUR 70 million in adjusted EBITDA by 2028.
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H1 saw 11% revenue growth and 26% higher adjusted EBITDA, with packages as the main revenue driver and flights showing strong margin gains. One-off restructuring costs impacted net profit, but operational savings and strategic investments support confidence in full-year guidance.
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Q1 2025 saw strong revenue and EBITDA growth, led by dynamic packages and a rebound in flights, with stable fixed costs and robust cash flow. Guidance for low double-digit growth in revenue and EBITDA is reaffirmed, with continued investment in Tier 2 markets and brand strategy.
Fiscal Year 2024
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2024 saw a rebound in profit and growth in dynamic packages, with 2025 guidance for low double-digit revenue and EBITDA growth. Strategic focus is on market expansion, brand alignment, and evolving dynamic packaging, supported by a normalized dividend policy.
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Q4 2024 saw revenue and profit growth, with dynamic packages driving results and B2B partnerships accelerating. Net result more than doubled for the year, and gross debt was significantly reduced. Detailed 2025 guidance will be provided with audited results in March.
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First-half 2024 results were impacted by Ryanair restrictions and a soft travel market, but dynamic packages grew strongly, driving improved margins and a 35% rise in net profit. A new Ryanair agreement and strong cash flow position the group for a better second half and midterm growth.