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ASMALLWORLD AG increases revenue guidance for the second time this year

09.12.2021

ASMALLWORLD AG / Key word(s): Forecast/Change in Forecast

09-Dec-2021 / 17:48 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement

ASMALLWORLD AG (SWX:ASWN) increases revenue guidance for the second time this year

Zurich, 9.12.2021 - Despite an ongoing challenging environment due to the global pandemic, ASMALLWORLD AG announced today that it has raised its full year revenue guidance for the second time this year. The company now expects to generate revenues in the range of CHF 14.0-14.5M.

After raising its guidance earlier this year following a strong H1 performance, ASMALLWORLD is increasing its revenue guidance for a second time this year. The company now expects to generate sales in the range of CHF 14.0-14.5M, compared to the previous guidance of CHF 13-14M. These sales levels correspond with an expected growth of 16-20% year-on-year. EBITDA is expected to grow by 35-55% from CHF 1.49M to CHF 2.0-2.3M.

The strong revenue performance is driven by growth in both business segments, Subscriptions and Services, and was achieved despite an ongoing challenging market environment caused by the global pandemic.

The growth in the Subscriptions segment was primarily the result of strong sales of the ASMALLWORLD Prestige membership, the company's premium membership tier, which includes air miles from Miles & More or Etihad, as well as other travel perks from companies like Jumeirah, Sixt and GHA Discovery.

The Service business primarily grew due to strong demand for First Class & More's Business and First-Class flight packages and upgrade options. The recently-launched online hotel booking engine ASMALLWORLD Collection further contributed to the growth in service revenues.

"Given how the global pandemic has lowered the demand for our services, I am extremely pleased with the performance of our businesses. We continue to navigate this difficult market environment in the best possible way, with strong year-on-year growth and I am optimistic that we can accelerate our growth even further once the market environment improves again," comments ASMALLWORLD CEO Jan Luescher.

 

This press release and further information can be found at www.asmallworldag.com.

The ASMALLWORLD Group

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 enables and 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, engage in online discussions, 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, access to exclusive launches, shows, galas, soirees, exhibitions, major global sporting events, and larger flagship weekend experiences hosted in iconic destinations such as Saint-Tropez and Gstaad.

Other businesses of the ASMALLWORLD travel & lifestyle ecosystem include:

ASMALLWORLD Collection, a high-end online hotel booking engine focused on the world's most admired hotels, offering the unique "ASMALLWORLD Preferred Rate" which allows customer to enjoy exclusive travel benefits at no extra 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.asmallworldag.com

www.asw.com

www.asmallworldcollection.com

www.asmallworldprivate.com

www.first-class-and-more.de

www.first-class-and-more.com

www.finestclubs.com

www.asmallworldhospitality.com

www.north-island.com

 

Contact:

ASMALLWORLD AG
Jan V. Luescher, CEO
Seidengasse 20
8001 Zurich
Switzerland
info@asmallworldag.com



End of ad hoc announcement

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