eDreams ODIGEO : Are recovery dreams becoming reality?
FY21 results (ending on 31 March 2021) have been adversely affected by travel restrictions caused by the covid pandemic, resulting in a slump in bookings (-70%), net revenues (-79%) and an EBITDA loss of -€ 38m (vs +€ 115m in FY20). eDreams succeeded in maintaining adequate liquidity above € 100m at the end of each quarter while raising limited new funds (a € 15m government sponsored loan) thanks to the flexibility of the cost structure (large portion of variable costs, reduction...eDreams Odigeo SA is a Luxembourg-based company principally engaged in the travel and recreational services. The Company is a travel group composed of various brand names, such as eDreams, GO Voyages, Opodo, Travellink, Liligo and Budgetplaces. It offers flights, cruises, car rental, travel insurance, as well as short and long-stay packages. It provides online travel services, including booking of scheduled, charter and low-cost flights, hotels, self-catering accommodation and cruises, traditional and non-traditional package holidays, car hire, train tickets and bus tickets, as well as travel insurance; corporate travel; white-label services, which allow access to various Web platforms; media services, such as targeted advertising, and venture farm to invest in companies with different types of business models and technologies.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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