Business
SosTravel com S p A : Approval of Draft Financial Statements as at 31 December 2024 and GBV
SosTravel com S p A : Approval of Draft Financial Statements as at 31 December 2024 and
About this update from Sostravel.com S.p.a.
[{"type":"text","content":"\n PRESS RELEASETHE BOARD OF DIRECTORS OF SOSTRAVEL.COM S.P.A. APPROVES THE DRAFT FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024, REPORTING A NET PROFIT OF EUR 67,716\n GROSS BOOKING VALUE AS OF MARCH 25, 2024, UP BY 11.09% COMPARED TO THE\n SAME PERIOD IN 2024\n PROPOSED DIVIDEND OF EUR 0.0038 PER SHARE\n • Revenues: EUR 22.4 million (compared to EUR 19.5 million as of December 31, 2023), an increase of +14.9%\n • EBITDA: EUR 686,332 (compared to EUR 461,251 as of December 31, 2023), an increase of +48.8%\n • Adjusted EBITDA: EUR 763,955 (an increase of EUR 222,868 compared to Adjusted EBITDA as of December 31, 2023)\n • EBIT: EUR 228,469, showing a strong improvement (compared to EUR -95,675 as of December 31, 2023)\n • Net Result: EUR 67,716, a decrease (compared to EUR 1,169 thousand as of December 31, 2023)\n • Adjusted Net Financial Position (cash): positive by EUR 161,000 (compared to EUR 27,000 as of December 31, 2023)\n • Proposed Dividend: EUR 0.0038 per share\n • Gross Booking Value as of March 21, 2025: EUR 7,965,289.24 (an increase of 11.09% compared to the period January 1 - 27 March 2024)\n Rome, March 26, 2025 - sostravel.com S.p.A. (Euronext Growth Milan, ticker: SOS), an Italian digital travel platform for bookings, itineraries, flight and airport information, car rentals, experiences, and travel tech services including Lost Luggage Concierge and Dr. Travel, available through the sostravel and Flio apps as well as the websiteswww.sostravel.comand www.amare.travel (\"Sostravel\" or the \"Company\"), announces that the Board of Directors, which met today, has reviewed and approved the draft financial statements as of December 31, 2024.\n CEO Carmine Colella stated:\"In 2024, we initiated a new phase of development that led the Travel business unit to progressively reduce its reliance on guaranteed allotment contracts-i.e., agreements with hotels, resorts, and vacation villages characterized by high commercial risk and burdensome financial guarantees-in favor of multi-year agreements. These will already serve as a solid foundation in 2025 to expand our offering and improve profitability. At the same time, the Passenger Services business unit- particularly the Lost Luggage Concierge service-achieved strong commercial performance. During the year, we also resumed investments in IT infrastructure, strengthening our com...