Reports
Published: 2019-11-28 08:30:00
Today, Nustay A/S (“Nustay”) publishes financial report for the period of January – September 2019. The report is available as an attached document to this press release and on the Company’s website (investor.nustay.com). Below is a summary of the report.
Mathias Lundoe Nielsen, CEO of Nustay, comments
“Our Q3 results highlight what has been a challenging summer season for Nustay. A ‘perfect storm’ of difficulties, ranging from industry-wide challenges to technical issues, have impacted our overall performance throughout the period. Despite this however, Nustay has been able to deliver positive results across some of our primary KPIs, such as moving towards a positive marketing contribution vs total daily marketing investment level. What is more, overcoming these challenges have allowed us to work on enhancing our product, fine-tuning our work streams and further developing our business model. For these efforts I must thank the entire Nustay team who have worked tirelessly towards finding creative and innovative solutions.”
Summary of the financial report
Q3 (2019-07-01 – 2019-09-30)
This represents an increase of 685% from the same period 2018. Compared to Q2 2019, where the handled revenue amounted to DKK 35.1 m, this is a decrease of 22% (ref. comments below). However net revenue increased by 55% compared to Q2 2019, where the net revenue amounted to DKK 1.9 m, indicating an increase in the average commission earned on bookings from 5.6% to 11.0% in Q3 2019.
This represents an increase of 400% from the same period 2018. Compared to Q2 2019, net revenue increased by 55%, where the net revenue amounted to DKK 1.9 m, taking the average commission earned on commission to 11.0% for Q3 2019.
Nine months (2019-01-01 – 2019-09-30)
An increase of 735% from same period 2018.
An increase of 500% from same period 2018.
Numbers in parenthesis are the numbers from the same period in 2018.
* The group’s net income per share: the net income for the period divided by 18 220 665 (527 331), the average number of shares for the period. The total number of shares in Nustay A/S was 18 220 665 shares per 2019-09-30.
** Equity ratio: Shareholder’s equity divided by total capital.
*** Loans from shareholders and management in the cash flow statement have been re-classified from operating activities to financing activities. The numbers for comparable periods have been updated accordingly.
Significant events during the third quarter of 2019
Significant events after the end of the period
For further information about Nustay, please contact
Mathias Lundoe Nielsen, Founder & CEO, Nustay A/S
Telephone: +45 22 91 94 99
E-mail: mln@nustay.com
Website: www.nustay.com
About Nustay
Nustay is a Danish online hotel booking company established in 2014. The company has developed an innovative booking platform offering the lowest possible hotel prices while also enhancing customer’s booking experience. Nustay has set out an ambitious vision to become the global leader within the online hotel booking industry, and is confident its large hotel room inventory, novel pricing strategy, and transparent booking process, will achieve that goal.