Feeds

Ebookers ups revs, narrows losses

'Encouraging' signs

  • alert
  • submit to reddit

Business security measures using SSL

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

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.