Lastminute.com N.v. · SIX:LMN
Lastminute.com — Q1 2025 Earnings Presentation
17 slides from Lastminute.com's earnings presentation, May 15, 2025
Slide 1: Q1 2025 financial results
Q1 2025 financial results Q1 2025
Slide 2: Presenters
Presenters Alessandro Petazzi Diego Fiorentini Chief Executive Officer Chief Financial Officer
Slide 3: Safe Harbour Statement
Safe Harbour Statement The material in this presentation contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements involve certain risks and uncertainties that could cause actual results, performance, or events to differ materially from those a
Slide 4: Agenda
Agenda Strategic direction 01 Alessandro Petazzi Q1 2025 results 02 Alessandro Petazzi & Diego Fiorentini Key takeaways & 2025 guidance 03 Alessandro Petazzi Financial Calendar 2025 04 Julia Weinhart
Slide 5: Strategic direction: leveraging our assets to grow even stronger
Strategic direction: leveraging our assets to grow even stronger BUSINESS Strengthening Brand portfolio market presence focus 4 core drivers Travel companion Dynamic Packages Evolution PRODUCT 5
Slide 6: Agenda
Agenda Strategic direction 01 Alessandro Petazzi Q1 2025 results 02 Alessandro Petazzi & Diego Fiorentini Key takeaways & 2025 guidance 03 Alessandro Petazzi Financial Calendar 2025 04 Julia Weinhart
Slide 7: Q1 2025 performance
Q1 2025 performance Profitability driven by solid Packages and Flights performance GTV REVENUES* GROSS PROFIT Adj. EBITDA NET RESULT +7% vs. Q1 2024 +14% vs. Q1 2024 +14% vs. Q1 2024 €14.4M €6.5M Packages +7% Packages +17% Packages +15% +56% vs. Q1 2024 vs. €2.6M Q1 2024 Flights +8% Flights +8% Fligh
Slide 8: Double-digit growth in Revenues and Gross Profit
Double-digit growth in Revenues and Gross Profit Revenues Gross profit €m €m +14% +14% 2025 vs 2025 vs 2024 2024 (5%) (9%) +11% +20% +8% +14% +17% +15% Gross Margin 43.1% 43.3% 8
Slide 9: Cost Structure
Cost Structure Balanced cost management with continued strategic marketing investments €m Q1 Q1 Delta 2025 2024 % Total Costs (74.9) (69.1) 8% Variable Costs (50.6) (44.6) 13% Marketing and Sales costs (35.4) (29.8) 19% Other variable costs (15.2) (14.8) 3% Fixed Costs (24.3) (24.5) (1%) 67% 64% HR
Slide 10: Profit and Loss
Profit and Loss Revenues grew positive across all channels, with Gross Profit increasing in line and maintaining stable marginality. Growth was broad-based, with robust core market performance and even faster growth in Tier 2 Q1 Q1 Delta markets. €m 2025 2024 % Adjusted EBITDA rose 56% to €14.4M from
Slide 11: Bridge NFP rolling 12 months - Mar 2024 to Mar 2025
Bridge NFP rolling 12 months - Mar 2024 to Mar 2025 NFP increase driven by EBITDA despite negative change in NWC Free Cash Flow: +€7.2m Positive cash generation from the business, driven by strong EBITDA, despite negative change in Net Working Capital. Capex: is mainly linked to capitalised HR costs
Slide 12: Agenda
Agenda Strategic direction 01 Alessandro Petazzi Q1 2025 results 02 Alessandro Petazzi & Diego Fiorentini Key takeaways & 2025 guidance 03 Alessandro Petazzi Financial Calendar 2025 04 Julia Weinhart
Slide 13: Key Takeaways
Key Takeaways Q1 2025 performance driven by continued Q1 2025 results strong contribution show a solid from Packages, with Actions remain closely lastminute.com is performance, Flights also showing aligned with the confident to meet with all core financial execution of the the guidance solid growth, i
Slide 14: Guidance
Guidance Guidance FY 2025 Revenues Adj. EBITDA Management expects Revenues and Adjusted EBITDA to reach low double-digit growth in 2025 vs. 2024 14 14
Slide 15: Agenda
Agenda Strategic direction 01 Alessandro Petazzi Q1 2025 results 02 Alessandro Petazzi & Diego Fiorentini Key takeaways & 2025 guidance 03 Alessandro Petazzi Financial Calendar 2025 04 Julia Weinhart
Slide 16: Financial Calendar 2025
Financial Calendar 2025 Our coverage: Volker Bosse - Baader Bank Baptiste de Leudeville - Kepler Cheuvreux 13 February 2025 Announcement of preliminary unaudited FY2024 results Ausano Crivelli Cajrati - ZKB Christian Salis - Hauck Aufhäuser 27 March 2025 Publication of the Annual Report 2024 Investm
Slide 17: Thank you
Q1 2025 financial results Thank you investor.relations@lastminute.com www.lastminute.com