Opodo 2008 Results Announcement

- Opodo reaches EUR14.4 millions EBITDA in 2008 with 26% sales increase -

London, 3rd February 2008. Opodo, the European online travel agency has reached an EBITDA in 2008 of EUR14.4 million and over EUR1.3 billion in sales, which is a 26% sales increase over the comparable figure for 2007. With this solid growth Opodo has consolidated its strong position in the European online travel community serving more than 4 million passengers across Europe.

Ignacio Martos, Chief Executive of Opodo, comments: 'We are particularly satisfied with figures as they are the result of a consistent performance and the ability of Opodo's teams across 13 European markets to drive the Company through current times. Their commitment and expertise has been fundamental to this success. Last year we finalised our restructuring plan strengthening our efficiency, improving our cost line and reducing the prices of our services to clients while improving user experience .'

During 2008 Opodo focused on increasing sales through improving loyalty ratios and attracting new clients with the best prices and great service. Opodo brings to market neutral, comprehensive and real time access for Air, Train, Hotels, Cars and Package Holidays through a powerful booking engine showing the best available prices. Travellers appreciate, now more than ever, the freedom and price advantage of booking online with the security and 'best-in-class' service Opodo offers.

Opodo plans to continue double digit growth in 2009. 'In uncertain economic times consumers are ever more careful with their money and this is where Opodo can make a real difference, providing a full travel service with the advantage of competitive pricing,' Martos said.

'From a UK perspective we are particularly proud to further drive profits upwards for Opodo in 2008, achieving a positive EBITDA figure in excess of 5 million Euros, giving us a solid position to face the uncertain outlook that 2009 holds for everyone' adds UK Country Director Caroline Noble.
 

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