eDreams ODIGEO S.A. (0QS9) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you all for joining us today for our fiscal year 2025 resource presentation for the 12 months ending 31st of March 2025. I'm David de la Roth, the Director of Investor Relations at the Dream Studio. As always, you can find the resource materials including the presentation and our integrated annual report on the Investor Relations section of our website. I will now pass you over to Dana Dunn, our CEO, who will take you through the first part of the presentation. Thank you, Debbie. Good morning, everyone. And thank you for joining us. Fiscal year 2025 has been a truly remarkable year for EDU. This past financial year marked the culmination of our ambitious 3.5 year strategic roadmap that we launched in November of 2021. I'm incredibly proud to report today that we have successfully achieved our long-term targets. If you recall, we set our targets to achieve 7.25 million prime members and 180 million euros of cash EBITDA when we had only 1.9 million members and only 2.9 million cash EBITDA. Despite a number of significant global headwinds, including Omicron variant, invasion of Ukraine, conflict in the Middle East, broader geopolitical instability, double-digit inflation, high consumer interest rates, and significant increases energy prices during this period, nevertheless, we still achieved those targets. Importantly, this was our first strategic roadmap guided entirely by our subscription-first vision. Therefore, successfully meeting these long-term targets represents more than just continued execution. It serves as another powerful, undeniable validation of our unique prime model. We now have over eight years of experience with Prime subscription. And what we have clearly demonstrated is that this model is a proven enabler for sustaina...