eDreams earns €45.1 million in its last fiscal year

BarcelonaeDreams Odigeo recorded net profits of €45.1 million in its latest fiscal year, which ended March 31, a 39% increase compared to €32.4 million in the previous fiscal year, when the company returned to profit. According to the company in a statement, revenue increased by 6% to €717.9 million, exceeding its long-term targets.

The company, which owns eDreams, GO Voyages, Opodo, and Travellink, achieved gross operating profit of €180.4 million, representing a 49% year-over-year increase and a record high for the company. Cash flow exceeded its forecasts, increasing 123% year-over-year to €100 million. Furthermore, the company also saw growth in mobile bookings, which accounted for 64% of total flight bookings.

More prime subscribers

These results are the result of the strategic plan that the company has followed since November 2021, which has been marked by the subscription of members prime and has allowed the company to grow from 1.97 million subscribers to 7.26 million at the end of the fiscal year. Despite the positive results, the company emphasized that it still has growth potential, as subscription penetration prime In European homes, it's only 3.7%. Furthermore, this type of subscription is currently only available in 10 of the 44 countries where eDreams offers services, although the company has announced that market tests are underway in different states to implement it.

eDreams CEO Dana Dunne has attributed its success to the "AI platform developed in-house" over 10 years and to the team. The company has also set new goals for the next fiscal year, such as reaching one million more members. prime or achieve a cash flow exceeding 120 million euros.