Feeds

Ebookers ups revs, narrows losses

'Encouraging' signs

  • alert
  • submit to reddit

Boost IT visibility and business value

Ebookers reckons that the prospects for the online travel market look "encouraging", following the slow travel market in June caused, in part, because of holidaymakers staying at home and watching the Euro 2004 football championships.

Trading so far in Q3 has improved and is now "in line with our expectations", the company said. It remains upbeat after the long-haul sector also showed signs of continued recoverey.

Revenues hit £17.3m in Q2 compared to £14.9m a year ago while pre-tax loss improved slightly from £6.9m to £6.4m over the same period.

With prospects for future sales looking good, ebookers hopes to cash in on the restructuring from earlier this year as it continues to pull the plug on less profitable parts of its business. This year the company has sold or shut nine shops in the UK and the Netherlands and announced the loss of 270 jobs.

Ebookers also continues to invest in technology as part of its bid to increase efficiency and productivity.

Said chief exec Dinesh Dhamija: "Ebookers is delivering high levels of growth in our core online business and transferring its focus away from less profitable offline channels. At the same time we are increasing investment in online technologies, particularly higher margin non-air products such as hotels, cars and insurance. This investment is creating a strengthened platform for longer term growth."

At lunch, ebookers was up 10p (eight per cent) at 132.5p.

Related stories

Ebookers sales up but jobs down
Axe falls on Ebookers jobs
Ebookers chief defends offshoring
ebookers looks to India for cost savings
Lastminute.com axes 350 jobs

Maximizing your infrastructure through virtualization

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.