itravel | Updates

By Axel Schmiegelow

itravel records strongest quarter of company history

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Dear Companists,

The past quarter was a decisive one for the development of our company. While simultaneously running our financing campaign on Companisto, we were working hard to make use of the most important booking season of the year and lay the foundation for our further development this year.

We are proud to report our success: In the months January through March 2018, we recorded the best quarterly booking result in our history. At EUR 1.7 million, bookings confirmed in this period are +82% higher than in the previous quarter and +23% higher than the last peak value for the high booking season of winter.

 

itravel - booking revenue per quarter

 

Furthermore, we expect another significant leap beyond the EUR 2 million mark in the coming quarter, assuming our current key figure development continues, i.e. if our current marketing efficiency continues.

We were able to achieve these figures despite having only achieved around 25% of our financing target by the end of March.  With the now existing basis of having achieved over 90% of our minimum target for the B round via Companisto, we expect an even clearer jump above plan in the 2018 fiscal year.

Annual sales are also around 20% higher than expected in relation to the capital collected, which we will report about separately when our annual financial statements for the 2017/18 financial year are available.

We owe this development to your support! In the next update, we will have special news that we can't communicate just yet so stay tuned!

 

Best greetings from your team at itravel,

Axel



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