Reports
Publicerat: 2020-02-29 08:00:00
Nustay A/S ("Nustay") hereby publishes its Year-End Report for the period January - December 2019. The report is available as an attached document to this press release and on the company's website (www.nustay.com). Below is a summary of the report.
CEO Mathias Lundoe Nielsen comments: "Over the last 12 months Nustay has delivered solid results across the board, especially in respect of our sales. Our teams have worked hard to achieve monthly, quarterly and annual targets throughout 2019, which has put Nustay in a good position for the forthcoming year. In 2020 we aim to continue pushing this positive trend by further increasing our sales and financially securing our ambitious development objectives. By continuing to work with a lower-risk model we will seek to reach our goal of being cash flow positive by Q3 2020 and EBITDA positive before the end of 2020. Overall, I am very glad to see that during 2019 Nustay has significantly grown and further matured and am encouraged by the huge potential the company continues to show. With further capital injection, Nustay will continue moving towards long-term stability and profitability." Q4 (2019-10-01 - 2019-12-31): This represents an increase of 205% from the same period 2018. Nustay's handled revenue increased with 3 % compared to Q3 2019, where the handled revenue amounted to DKK 27.5 m. Twelve months (2019-01-01 - 2019-12-31): An increase of 486% from same period 2018. An increase of 670% from same period 2018. Reference is made to the press release made on January 31st 2020, announcing that the Board of Directors will propose to an Extraordinary General Meeting to receive authorizations to provide the board with flexibility to conduct a capital raise by issuance of shares, warrants or conversion of debt, or a combination hereof in order to repay the Company's outstanding debt, rebuild the cash-buffer and finance further growth. The Board of Directors received above authorizations at the EGM conducted on February 17th. The total rights issue is expected to amount to approximately DKK 50 million before issue costs. 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 (560 378), the average number of shares for the period. The total number of shares in Nustay A/S was 18 220 665 shares per 2019-12-31. ** Equity ratio: Shareholder's equity divided by total capital. *** Loans from shareholders and management have in the cash flow statement been re-classified from operating activities to financing activities. The numbers for comparable periods have been updated accordingly. Significant events during Q4: 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 This information is information that Nustay A/S is obliged to publish following the EU Market Abuse Regulation. The information was provided by the contact person above for publication on February 29th, 2020. 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.