Sostravel.com Follows Strong 2022 with Business Plan Detailing Private Label Strategy
Sostravel.com experienced 42% revenue growth in 2022, forecasts doubling of revenues and a 173x increase of EBITDA by 2027.
ROME, March 01, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Sostravel.com S.p.A., a digital travel company operating the and apps, and platforms, develops proprietary digital travel solutions, such as the Lost Luggage Concierge for luggage protection and recovery and Dr. Travel, a telehealth service designed for travelers.
The company announced a positive 2022 EBITDA margin, reporting 47% revenue growth. Based on these positive results, the company unveiled its business plan, detailing the strategy behind the doubling of revenue and the 173x EBITDA growth expected by 2027:
- High-margin, private-label digital travel offerings to Sardinia, the Red Sea and Kenya will be sold via sostravel.com, amareitalia.com and major third-party booking platforms.
- Expanding the “Secret Village” offering in Sardinia, which proved popular with travelers.
- Growth of its Lost Luggage Concierge services aimed at the protection and recovery of air passengers’ luggage.
- Launch of a traveler-centered Telehealth solution called Dr. Travel, provided in a video call via its Sostravel.com app.
Edoardo Zarghetta, IR advisor at Sostravel.com said, “We think that finding such a growth opportunity with financial break-even, positive net financial position and cashflow is uncommon.”
Zarghetta added: “Sostravel.com offers investors a unique opportunity to gain exposure to global travel and digital travel services growth. Our robust financial profile with a strong track record of profitability and operating cash flow generation, combined with flexible cost structure, commitment to preserving cash and balancing cost controls with investments is already catching investors’ attention.”
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About Sostravel.com
Sostravel.com S.p.A. is a digital travel company listed on Euronext Growth Milan (BIT:SOS), and OTCQB New York (), operating the , apps, and platforms. It offers booking services, digital itineraries including flight and airport information, car rental, experiences, and insurance services. The company operates a network of private label digital-travel solutions, the Lost Luggage Concierge proprietary service, and is expanding into telehealth services designed for travelers. Over 1 million users worldwide used Sostravel.com as a digital travel companion, to find deals on their trips and get information to make their journeys more enjoyable.
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Edoardo Zarghetta
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