(Telestock) – Xenia Hotellerie Solutiona company listed on Euronext Growth Milan that provides hospitality services through three business lines in the tourism-hotel sector, has closed the first semester of 2024 with revenues equal to 27.5 million euros, up from 23.8 million at 30 June 2023. The trend is positive across all business lines: Accommodation totaled revenues of 21.2 million versus 18 million at 30 June 2023; Phi Hotels, with the management of 10 hotel facilities to date, 4 more than at 31 December 2023, recorded a turnover of 5.8 million versus 5.4 million at 30 June 2023; finally, GDS Distribution generated revenues of 0.4 million versus 0.3 million at 30 June 2023.
The reduction of theEBITDA – which goes from 1.98 million euros to 1.2 million euros and to 1.3 million euros for Adjusted EBITDA – is due to the growth of some costs, mainly of a non-structural nature, resulting from the new post-listing organizational setup and some consultancy activities necessary for M&A operations. Theperiod profit amounts to 0.2 million euros, compared to 0.6 million euros at 30 June 2023.
“The first semester is substantially in line with our expectations and, in the overall dynamics of our businesses, we found confirmation of our idea of upgrading our strategies for the future – commented theAD Ercolino Ranieri – The acquisition calendar – rescheduled following the completion of the listing process – completed in the second half of the year has postponed by a few months the consolidation of further revenues and contributions to EBITDA”.
“We have completed the purchase of three hotels and this is a good result to which we add the opening of the new accommodation facility in Druento (TO), thus bringing the new Phi Hotels in 2024 to 4. All the company’s business segments have grown and contributed to the increase in revenues – he added – In the first half of the year, however, a significant portion of these from the new structures is missing hotels acquired during the second half of the year”.
There Net Financial Position (Debt) amounts to 11.9 million euros, up from 6.2 million euros at 31 December 2023; this change is attributable to the increase in medium-long term financial debt and following the inclusion of three new Hotels which led to an increase in the IFRS16 and Rent to Buy debt quotas.