Online travel company sees positive shift in product mix

  • Lastminute.com lifts earnings guidance after swinging to aftertax profit
  • Shift in product mix to service packages drives profit increase
  • Adjusted Ebitda expected to increase by 25%
  • Revenue growth expected to be 10%

Lastminute.com has announced an increase in its earnings guidance after swinging to an aftertax profit in the third quarter. The company attributes this profit increase to a shift in its product mix, focusing more on service packages rather than flights. As a result, Lastminute.com now expects a 25% increase in adjusted Ebitda, compared to its previous guidance of 10% to 15%. Additionally, revenue growth is expected to be 10%, in line with the company’s new guidance. This positive financial performance marks a significant turnaround for Lastminute.com, which reported a loss of EUR19.7 million in the same period last year. Gross travel revenue, however, declined by 4% to EUR815 million.

Public Companies: Lastminute.com (null)
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Factuality Level: 8
Justification: The article provides specific financial figures and statements from Lastminute.com regarding their profit, adjusted earnings, and revenue growth. The information is presented in a straightforward manner without any obvious bias or opinion. However, it would be helpful to have more context about the company’s overall performance and the reasons behind the shift in product mix.

Noise Level: 7
Justification: The article provides some financial information about Lastminute.com, but it lacks context and analysis. It does not explain the reasons behind the shift in product mix or the factors contributing to the increase in adjusted earnings. The article also does not explore the implications of the company’s performance on its industry or customers. Overall, it lacks depth and fails to provide actionable insights or meaningful analysis.

Financial Relevance: Yes
Financial Markets Impacted: Lastminute.com

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Lastminute.com’s financial performance and guidance. There is no mention of an extreme event.