Latest news with #eDreamsODIGEO
Yahoo
21-07-2025
- Business
- Yahoo
Repeat Offender Ryanair Again Convicted for Unlawful Competition and Denigration Against eDreams ODIGEO
Court finds Ryanair guilty of unlawful campaign of untruthful claims against eDO and orders the cease and removal of all denigrating statements. Ryanair ordered by the Court to issue a public retraction recognising that eDreams Prime offers discounts to consumers. This ruling follows interim measures issued by the same Court last year, which were disobeyed by Ryanair, leading to an unprecedented criminal warning against the airline. BARCELONA, Spain, July 21, 2025--(BUSINESS WIRE)--eDreams ODIGEO (hereinafter, 'the Company' or 'eDO'), the world's leading travel subscription company, today welcomed yet another significant legal victory against Ryanair. The Barcelona Commercial Court No. 12 found Ryanair D.A.C. guilty of unlawful competition and denigration against eDO, adding to the airline's extensive track record of convictions for this illegal behaviour. The ruling conclusively established that Ryanair's denigrating claims about eDO and its Prime subscription, part of an aggressive and continued campaign initiated by the airline in 2023, are untrue. As the Court noted, this campaign was disseminated through Ryanair's websites, press releases, social media, and in public statements from its top executives, including Ryanair CEO Michael O'Leary. The ruling found that these claims were in reality issued with the aim of undermining a key competitor. Consequently, the Court has issued a permanent injunction obligating Ryanair to cease its denigratory campaign, remove all denigratory content from all platforms, and issue a public retraction. Ryanair forced to publicly admit eDreams Prime offers savings after years of untruthful claims As a significant remedy, the Court has mandated that Ryanair publish a public retraction on its own website and social media channels for a period of six months. This forced retraction explicitly requires Ryanair to admit the value of eDreams Prime after its years-long campaign denigrating the service with claims now deemed illegal and untrue. Notably, the Court orders Ryanair to publish: "Ryanair recognises that eDreams Prime is a legitimate subscription service that offers consumers savings on flights, hotels, packages and car rentals." This decision follows an interim order from the same Court last summer. In that prior ruling, the Court had already found Ryanair's attacks to be a "perfectly organised campaign designed to promote the Ryanair website for booking flights and associated services" and ordered the airline to immediately cease its conduct. However, in a display of defiance, Ryanair repeatedly breached those measures and continued its smear campaign, which ultimately led the Court to issue a formal criminal warning against the airline for disobedience, warning of potential criminal charges if its conduct continued. Ryanair's appeal of these interim measures was also fully rejected by a higher court, the Provincial Court of Barcelona. In its June decision and based on evidence presented, the higher court stated that in "the majority of cases, [eDreams Prime prices] are more advantageous than those offered by Ryanair." The Provincial Court therefore rejected the appeal, concluding that with the "available evidence it cannot be sustained that the offensive claims used by Ryanair are truthful." This latest legal victory by eDreams ODIGEO also builds upon a previous definitive ruling from Spain's Supreme Court—a decision reached after Ryanair's appeals were systematically rejected at all prior court instances—which had already mandated Ryanair to cease its denigrating and anti-competitive behaviour towards eDreams ODIGEO. Ryanair has also been convicted for denigrating actions and unfair competition against other independent travel agents. Guillaume Teissonnière, General Counsel at eDreams ODIGEO said: "For Ryanair, this must feel like a broken record. 'Déjà vu' doesn't even begin to cover it. Time and again, courts have resoundingly condemned their denigration tactics. Their motive is transparent: to unfairly crush competition. Enough is truly enough. Ryanair must finally abandon these bullying methods, compete fairly on the merits and adhere to the law. It's long overdue." eDreams ODIGEO remains dedicated to upholding fair competition within the travel industry and safeguarding the interests of travellers. -ENDS- View source version on Contacts E: edreamspressoffice@ T: +(44)07876745530 / +(44)2074572383 Inicia sesión para acceder a tu cartera de valores
Yahoo
29-05-2025
- Business
- Yahoo
eDreams ODIGEO Delivers Record Profitability, Revenues and Margins With Ambitious 3.5-Year Targets Achieved
Strong growth fuels record profitability1 of €180.4 million (+49% YoY); Prime subscriber base expands +25% to 7.26 million, surpassing 3.5-year self-set objectives. Revenues2 rose to €718M (+6% YoY), beating the €700M threshold for the first time. +30% YoY growth lifts marginal profit3 to a record of €281.6 million. Exponential growth of cash generation4, surges +123% YoY to €100 million and exceeding guidance BARCELONA, Spain, May 29, 2025--(BUSINESS WIRE)--eDreams ODIGEO ('the Company' or 'eDO'), the world's leading travel subscription company and one of Europe's largest e-commerce firms, today released record results for its fiscal year 2025, ended 31 March 2025, a period marking the successful achievement of its long-term strategic targets. eDreams ODIGEO reported record performance with strong growth across key metrics for fiscal year 2025. Cash EBITDA increased 49% year-over-year to a high of €180.4 million, while Prime subscribers rose 25% to 7.26 million, both results surpassing the Company's ambitious long-term objectives. Furthermore, revenues climbed to €718 million (+6% YoY), passing the €700 million threshold for the first time. Marginal profit also reached a new peak at €281.6 million, up 30% year-over-year. Demonstrating robust financial strength, cash generation grew very strongly, 123% YoY to €100 million, exceeding guidance by 11%. These landmark achievements mark the successful culmination of the Company's strategic plan, initiated in November 2021. This plan drove eDreams ODIGEO's full transformation into a market leading subscription, pioneering the Prime model and delivering rapid scaling in just 3.5 years. As a direct result, Prime membership has surged fourfold from approximately 1.97 million to 7.26 million, while Cash EBITDA has risen a remarkable 62-fold to €180.4 million from just €2.9 million at the strategy's outset. Target Baseline(November 2021) FY25 Targets FY25 Achievement Prime Members 1.97 million 7.25 million 7.26 million Cash EBITDA €2.9 million €180 million €180.4 million Free Cash Flow €(2.6) million5 €90 million €100 million The fulfillment of these ambitious long-term targets were achieved despite a period characterised by considerable and persistent global headwinds, including the Omicron variant, sustained high inflation, the war in Europe, and geopolitical instability. Throughout this challenging environment, eDreams ODIGEO consistently maintained its financial guidance while most travel companies revised their guidance downwards. This performance clearly demonstrates the inherent adaptability and flexibility of the Company's subscription model, significantly more prepared to weather changing market conditions. Even with its established leadership position, significant growth potential remains. Prime's overall household penetration in Europe stands at just 3.7%. However, in markets where Prime has operated the longest, it has achieved much higher penetration rates, demonstrating the significant potential for growth within its existing footprint as the model matures. Furthermore, Prime operates today in only 10 markets (versus 44 for its transactional services), offering considerable geographic expansion opportunities. Continuous proposition enhancement, including innovations such as Prime Plus, provide another powerful lever for its continued growth trajectory. Reflecting this confidence, the Company has set new targets for the upcoming year that project continued growth: an additional one million Prime members; Cash EBITDA between €215-220 million and Free Cash Flow of €120 million. FY25 RESULTS SUMMARY Prime delivers significant uplift in profits and margins as membership base matures Strong profitability growth, with Cash EBITDA rising 49% year-on-year to €180.4 million, from €120 million last year. Revenues2 grew 6% to €717.9 million, from 676.1 million last year, surpassing the €700-million mark for the first time. Prime now drives 71% of revenues. Marginal Profits6 increased by 30% to €281.6 million, from €217.3 million last year. Net income grew 124% to €51.2 million on an adjusted basis, from €22.9 million last year. Prime membership continues to grow strongly as does member advocacy Prime membership topped 7.26 million growing 25% year-on-year. Net adds7 reached 1.4 million. European household penetration grows to 3.7%, showing significant potential and the path for further growth. Expanded Prime benefits drive higher satisfaction and member advocacy, with KPMG-verified Net Promoter Score (NPS) reaching up to an excellent 578 points (on a -100 to +100 scale). eDO's leadership in mobile travel became even clearer with mobile bookings breaking previous records, growing to 64% of total flight bookings, up from 60% last year. Increased financial flexibility to fuel further growth The Company beat its own guidance for cash generation achieving €100 million, up 123% from €45 million last year, 11% above target Driving shareholder value through a unique model eDO's robust and cash-generating business model enables consistent value creation for shareholders. In FY25, the Company invested €79.9 million in repurchasing its ordinary shares to support share liquidity, service its Long-Term Incentive Plans (LTIPs), and optimise its capital structure overall. The Board of Directors recently approved a further share repurchase plan with a maximum allocation of €20 million. Guidance for continued growth By March 2026, the Company anticipates to: 1 million additional Prime members; a Cash EBITDA of between €215-220 million; and Free Cash Flow in excess of €120 million. Dana Dunne, CEO of eDreams ODIGEO commented: "This extraordinary year culminates a 3.5-year journey where eDO turned ambitious 2025 vision into a powerful reality. We have delivered on every commitment, achieving this despite persistent global headwinds that saw most industry peers revise their outlooks downwards. eDO, however, not only stood strong but thrived, a direct result of our differentiated business model. Its inherent strength and adaptability are what set us apart from conventional transactional businesses, especially in changing market conditions. Our record results across profitability, revenue, and margins demonstrate undoubtedly that we've engineered a stronger, more profitable, and uniquely flexible model. "This success is fundamentally built on industry-leading technology, notably our proprietary AI platform—a distinct competitive advantage forged over more than a decade—and the extraordinary talent of our eDOers. It is my greatest honour to lead this exceptional team and I am immensely proud that eDO is consistently recognised as a top employer by prestigious names like Forbes and LinkedIn, validating the remarkable talent and culture we've created. "As powerful as our subscription model has demonstrated itself to be, we are just scratching the surface of its potential. Significant headroom remains in our current markets, complemented by substantial opportunities in new geographies and customer segments. We have the dedicated team, the industry-leading technology, and the strategic clarity to systematically unlock this growth potential. Our focus remains absolute: to continuously elevate the experience for our millions of Prime members and deliver exceptional, lasting value to our shareholders. We are primed for our next phase of growth." FINANCIAL INFORMATION SUMMARY (in € million) FY25 FY24 Q4 FY25 - FY25 Q4 FY24 Cash Revenue Margin 717.9 6% 676.1 184.1 9% 168.9 Cash Marginal Profit 281.6 30% 217.3 80.2 37% 58.4 Cash EBITDA 180.4 49% 121.4 56.8 73% 32.8 Adjusted EBITDA 133.7 52% 87.8 53.9 67% 32.3 Net income 45.1 39% 32.4 41.0 13% 36.3 Adjusted Net Income 51.2 124% 22.9 36.7 60% 23.0 (in thousands) Prime members 7,263 25% 5,826 7,263 25% 5,826 1 Cash EBITDA 2 Cash Revenue Margin 3 Cash Marginal Profit 4 (Free) Cash Flow ex Non-Prime Working Capital 5 As of FY22 6 Cash Marginal Profit: "Marginal Profit" plus the variation of the Prime deferred revenue corresponding to the Prime fees that have been collected and that are pending to be accrued. 7 Net adds: Gross adds - Churn. 8 Procedures and analysis performed by eDreams ODIGEO. Verified and validated by KPMG. NPS is an industry-standard metric measuring customer advocacy and satisfaction, with scores ranging from -100 to +100. Flight customers show a score of 50, while accommodation customers score reach 57. Scores in this range are considered excellent, reflecting a highly satisfied customer base that is likely to recommend the service. View source version on Contacts E: edreamspressoffice@ T: +(44)07876745530 / +(44)2074572383 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-05-2025
- Business
- Business Wire
eDreams ODIGEO Delivers Record Profitability, Revenues and Margins With Ambitious 3.5-Year Targets Achieved
BARCELONA, Spain--(BUSINESS WIRE)-- eDreams ODIGEO ('the Company' or 'eDO'), the world's leading travel subscription company and one of Europe's largest e-commerce firms, today released record results for its fiscal year 2025, ended 31 March 2025, a period marking the successful achievement of its long-term strategic targets. eDreams ODIGEO reported record performance with strong growth across key metrics for fiscal year 2025. Cash EBITDA increased 49% year-over-year to a high of €180.4 million, while Prime subscribers rose 25% to 7.26 million, both results surpassing the Company's ambitious long-term objectives. Furthermore, revenues climbed to €718 million (+6% YoY), passing the €700 million threshold for the first time. Marginal profit also reached a new peak at €281.6 million, up 30% year-over-year. Demonstrating robust financial strength, cash generation grew very strongly, 123% YoY to €100 million, exceeding guidance by 11%. These landmark achievements mark the successful culmination of the Company's strategic plan, initiated in November 2021. This plan drove eDreams ODIGEO's full transformation into a market leading subscription, pioneering the Prime model and delivering rapid scaling in just 3.5 years. As a direct result, Prime membership has surged fourfold from approximately 1.97 million to 7.26 million, while Cash EBITDA has risen a remarkable 62-fold to €180.4 million from just €2.9 million at the strategy's outset. The fulfillment of these ambitious long-term targets were achieved despite a period characterised by considerable and persistent global headwinds, including the Omicron variant, sustained high inflation, the war in Europe, and geopolitical instability. Throughout this challenging environment, eDreams ODIGEO consistently maintained its financial guidance while most travel companies revised their guidance downwards. This performance clearly demonstrates the inherent adaptability and flexibility of the Company's subscription model, significantly more prepared to weather changing market conditions. Even with its established leadership position, significant growth potential remains. Prime's overall household penetration in Europe stands at just 3.7%. However, in markets where Prime has operated the longest, it has achieved much higher penetration rates, demonstrating the significant potential for growth within its existing footprint as the model matures. Furthermore, Prime operates today in only 10 markets (versus 44 for its transactional services), offering considerable geographic expansion opportunities. Continuous proposition enhancement, including innovations such as Prime Plus, provide another powerful lever for its continued growth trajectory. Reflecting this confidence, the Company has set new targets for the upcoming year that project continued growth: an additional one million Prime members; Cash EBITDA between €215-220 million and Free Cash Flow of €120 million. FY25 RESULTS SUMMARY Dana Dunne, CEO of eDreams ODIGEO commented: ' This extraordinary year culminates a 3.5-year journey where eDO turned ambitious 2025 vision into a powerful reality. We have delivered on every commitment, achieving this despite persistent global headwinds that saw most industry peers revise their outlooks downwards. eDO, however, not only stood strong but thrived, a direct result of our differentiated business model. Its inherent strength and adaptability are what set us apart from conventional transactional businesses, especially in changing market conditions. Our record results across profitability, revenue, and margins demonstrate undoubtedly that we've engineered a stronger, more profitable, and uniquely flexible model. ' This success is fundamentally built on industry-leading technology, notably our proprietary AI platform—a distinct competitive advantage forged over more than a decade—and the extraordinary talent of our eDOers. It is my greatest honour to lead this exceptional team and I am immensely proud that eDO is consistently recognised as a top employer by prestigious names like Forbes and LinkedIn, validating the remarkable talent and culture we've created. ' As powerful as our subscription model has demonstrated itself to be, we are just scratching the surface of its potential. Significant headroom remains in our current markets, complemented by substantial opportunities in new geographies and customer segments. We have the dedicated team, the industry-leading technology, and the strategic clarity to systematically unlock this growth potential. Our focus remains absolute: to continuously elevate the experience for our millions of Prime members and deliver exceptional, lasting value to our shareholders. We are primed for our next phase of growth.' FINANCIAL INFORMATION SUMMARY (in € million) FY25 Var. FY24-FY25 FY24 Q4 FY25 Var. FY24 - FY25 Q4 FY24 Cash Revenue Margin 717.9 6% 676.1 184.1 9% 168.9 Cash Marginal Profit 281.6 30% 217.3 80.2 37% 58.4 Cash EBITDA 180.4 49% 121.4 56.8 73% 32.8 Adjusted EBITDA 133.7 52% 87.8 53.9 67% 32.3 Net income 45.1 39% 32.4 41.0 13% 36.3 Adjusted Net Income 51.2 124% 22.9 36.7 60% 23.0 (in thousands) Prime members 7,263 25% 5,826 7,263 25% 5,826 Expand 1 Cash EBITDA 2 Cash Revenue Margin 3 Cash Marginal Profit 4 (Free) Cash Flow ex Non-Prime Working Capital 5 As of FY22 6 Cash Marginal Profit: "Marginal Profit" plus the variation of the Prime deferred revenue corresponding to the Prime fees that have been collected and that are pending to be accrued. 7 Net adds: Gross adds - Churn. 8 Procedures and analysis performed by eDreams ODIGEO. Verified and validated by KPMG. NPS is an industry-standard metric measuring customer advocacy and satisfaction, with scores ranging from -100 to +100. Flight customers show a score of 50, while accommodation customers score reach 57. Scores in this range are considered excellent, reflecting a highly satisfied customer base that is likely to recommend the service. Expand
Travel Daily News
14-05-2025
- Business
- Travel Daily News
eDreams ODIGEO and AXA Partners announce partnership
AXA Partners becomes the insurance partner for eDreams ODIGEO's premier travel brands across 15 countries* in Europe (eDreams, Opodo, GO Voyages, and Travellink), serving millions of customers annually. The enhanced insurance products will offer the market's best travel coverages, protecting customers and ensuring peace of mind from the moment they book their trip until they return home. The extensive range of coverage includes trip cancellations, medical emergencies, lost baggage, and more. As flexibility and serenity have become crucial for the travelers, this partnership directly responds to these consumers' needs by providing tailored insurance and assistance solutions that enhance the travel experience. 'By joining forces with AXA Partners, we are combining the strengths of two industry leaders to deliver greater value and innovation to travelers. This partnership exemplifies our core values of providing choice and flexibility, ensuring that our travelers enjoy the highest level of protection and peace of mind. Our technological and travel expertise combined with AXA Partners' leading protection solutions will make travel easier and more convenient than ever before. We are proud to offer market-leading insurance and assistance products that cater to the evolving needs of modern travelers, making their journeys more secure and enjoyable'. said César Friol, Chief Ancillaries Officer at eDreams ODIGEO. 'In AXA Partners, we are deeply committed to providing our customers with the very best. Every day, we strive to deliver exceptional service by understanding their needs. This partnership with eDreams ODIGEO, a leader in the industry with a strong presence worldwide, enables us to expand our reach in providing more accessible insurance products and assistance services, ensuring that every trip is supported by the efficiency and reliability our customers expect. Together we are offering safety, convenience and peace of mind.' commented Adelane Mecellem, Regional CEO at AXA Partners. *Countries in Europe: Austria, Denmark, Finland, Germany, Greece, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, UK.
Reuters
31-01-2025
- Business
- Reuters
Spain's eDreams sees core earnings almost doubling by 2026
Jan 31 (Reuters) - Spanish online travel booking company eDreams ODIGEO ( opens new tab on Friday said it expects its core earnings to almost double by 2026 as it keeps adding more paying subscribers to its premium service. The company expects its cash earnings before interest, taxes, depreciation and amortization to rise to between 215 million euros ($223.69 million) and 220 million euros in the fiscal year ending on March 31, 2026, it said in a presentation to investors, up from 121 million euros in the period ending in March 2024. While subscriptions are common in other industries, such as music, television and telecoms, eDreams pioneered the model for the travel industry. Paying subscribers have access to additional discounts on airlines and hotel bookings on eDreams' websites. Over the past few years, the subscription programme has become the company's main driver of profitability. The company expects to raise its number of paying subscribers to 8.25 million by the end of March 2026 up from 6.5 million at the end of September 2024. It said it then expects the number of subscribers to rise at least 10% in the following two years. ($1 = 0.9612 euros)
