ASMALLWORLD AG grew member base by 7% in 2020 and expects full-year results at the upper end of its guidance
ASMALLWORLD AG / Key word(s): Forecast Press release ASMALLWORLD AG (SWX:ASWN) grew member base by 7% in 2020 and expects full-year results at the upper end of its guidance Zurich, 04.02.2021 - Today, ASMALLWORLD AG announced that is member base has grown by 7% in 2020. At the end of 2020, the company had 62,010 members across its businesses, compared to 57'900 at the end of 2019. The company expects its financial result for 2020 to come in at the upper end of its guidance of CHF 11.5-12.0M in sales and CHF 1.30-1.50M in EBITDA. Full 2020 results will be released on 18 March 2021. Today, ASMALLWORLD AG announced that the combined member base of its businesses has grown by 7% year-on-year. At the end of 2020, the company had 62,010 members across its businesses, compared to 57'900 at the end of 2019. The company also indicated that it expects its 2020 financial result to come in at the upper end of the previously communicated guidance of CHF 11.5-12.0M in sales and CHF 1.30-1.50M in EBITDA. This would mean that sales decreased by a small amount due to the impact of the pandemic, but EBITDA would be roughly on par with what the company achieved in 2019. In terms of business unit performance, ASMALLWORLD's Services segment is expected to experience a decrease in sales due to a slump in global travel activity and social distancing restrictions which limited the number of events in 2020. At the same time, the Subscriptions segment is expected to grow year-on-year, demonstrating resilience at the core of the company's business model. ASMALLWORLD will release its full 2020 results on 18 March 2021. This press release and further information can be found at www.asmallworldag.com.
ASMALLWORLD is the world's leading travel & lifestyle community, focusing on experiences, the modern-day definition of luxury. Centred around the ASMALLWORLD social network, the company operates a digital travel & lifestyle ecosystem which inspires members to travel better, experience more and make new connections. Members of the ASMALLWORLD social network connect through its app and website, where they can meet other members, book hotels, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges. Members also meet in person at over 1'000 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world to flagship weekend experiences hosted in iconic destinations such as Saint-Tropez and Gstaad. Other businesses of the ASMALLWORLD travel & lifestyle ecosystem include: ASMALLWORLD Collection, an online hotel booking engine focused on the world's best hotels, offering customers the exclusive "ASMALLWORLD Preferred Rate" with extraordinary benefits at no additional cost ASMALLWORLD Private, a high-end travel agency offering personalised travel curation service ASW Hospitality, a hotel management company that operates and manages the iconic North Is-land resort in the Seychelles First Class & More, a subscription-based smart luxury travel service that allows members to enjoy luxury travel at insider prices The World's Finest Clubs, the world's leading nightlife concierge offers its members VIP access to the most exclusive nightlife venues around the world For more information, please visit: www.asmallworldhospitality.com Contact: ASMALLWORLD AG End of ad hoc announcement |
| Language: | English |
| Company: | ASMALLWORLD AG |
| Löwenstrasse 40 | |
| 8001 Zürich | |
| Switzerland | |
| ISIN: | CH0404880129 |
| Valor: | A2JE3W |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart, Tradegate Exchange; SIX Swiss Exchange |
| EQS News ID: | 1166035 |
| End of Announcement | EQS Group News Service |