Design Hotels AG Publishes the Results for the 3rd of 2008

Revenues grow by 11%
Net Margin improves compared to previous quarters


Design Hotels AG (Regulated Market, Munich: LBA; ISIN: DE0005141006), consulting, marketing and positioning service provider for hotels and small hotel groups listed in the new luxury segment, today published its results, under IFRS, for the third quarter and first nine months of 2008.

Financial Highlights for the Design Hotels Group:

Revenues in the first nine months of 2009 increased by approximately 11% to 6.29 million Euro (2007: €5.65 million) with all business segments contributing to the growth. In September, commissions reached an all time high on a monthly basis. Booking commissions accounted with 3.32 million Euro (+6%) for the majority of total revenues. Membership fees reached 1.56 million Euro (+13%), Marketing Products and Consulting generated revenues of 1.41 million Euro (+23%).

The Gross Margin for the first nine months was 76%, roughly similar to last year's (75%)

The EBITDA for the first nine months came in at 818,000 Euro compared to 991,000 Euro for the same period the previous year. Contributing to the result were extraordinary items totaling 130,000 Euro, whereas last year the contribution of extraordinary items was 271,000 Euro. Adjusted, the operational result for the reporting period fell by 4% to 688,000 Euro (2007: 720,000 Euro). The adjusted EBITDA margin was 10.9% (2007: 12.7%)

EBIT for the reporting period reached 683,000 Euro, or 553,000 Euro adjusted for extraordinary items. This represents a decrease by 13% compared to 615,000 Euro for the same period in 2007 (before adjustments: 886,000 Euro).

Net profits came in at 693,000 Euro, or 563,000 Euro after adjustments. The adjusted net profits fell, compared to last year's 665,000 Euro (936,000 Euro before adjustments), by 15%. Earnings per share were 0.08 Euro (2007: 0.11 Euro).

On September 30, the Company had cash and cash equivalents of 2.52 million Euro, compared to 2.20 million Euro on December 31, 2007. Shareholders' equity increased from 4.73 million Euro to 5.42 million Euro during the first nine months of the current year.

source : Designhotels