Edreams Odigeo has reported a 50% increase to net income of Euro 20.1m for the year to 31 March 2016.
The Spain-based online travel agency has reported gains in bookings, 10%, revenue margin, 6%, and EBITDA, 6%.
The OTA points to growth in advertising and metasearch business of more than a third as well as an increase in mobile bookings of more than 50% as further measures of progress in its strategy.
The 10% growth in bookings for the period was attributed to flight bookings. The non-flight business was down 3% overall but up 4% in the final quarter of the year. The company says non-flight bookings were down because of a decrease in package tours business in France and Germany as well as "terrorist attacks and the political environment in North Africa".
For the 2017 financial year, eDreams is targeting further growth in bookings, revenue margin and EBITDA growth. Chief executive Dana Dunne says:
"Looking ahead, we see a positive market environment for the company which will enable us to make travel easier, more accessible and better value for more customers. We expect further growth in bookings, revenue margins and adjusted EBITDA and to capitalise on the growth in the OTA market fuelled by the move from offline to online."
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