Travel24.com

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Travel24.com AG

logo
legal form Corporation
ISIN DE000A0L1NQ8
founding 1996
Seat Leipzig , GermanyGermanyGermany 
management Ralf Dräger, board member
Number of employees 25th
sales 5.175 million euros (2018)
Branch Tourism
Website www.travel24group.com
As of December 31, 2018

The Travel24.com AG is a tourism company that operates travel and aviation portals.

history

The company, founded in 1996, provides access to travel information and offers via the Internet and telephone. Travel24.com's portfolio includes tour operators, hotels and airlines. The company went public on March 15, 2000 and was initially listed on the Neuer Markt . The company's share is currently listed in the General Standard .

Already in mid-2002 the company was threatened with extinction, as equity had decreased from EUR 27 to 2.8 million due to ongoing losses, with liquid funds amounting to EUR 3.4 million. The accounts receivable from deliveries and services amounted to around 2.7 million euros, whereas there were liabilities of 5.4 million euros. The subsidiary aeroworld GmbH had to file for bankruptcy and was liquidated. As a result, Travel24.com's sales for the first half of 2002 fell from EUR 21 million to EUR 6.8 million. On January 1, 2003 Travel24.com was included in the Prime Standard .

In 2009, Travel24.com was bought by Unister GmbH and thus saved from bankruptcy. Unister held 78.76% of Travel24.com until October 2017. The aim in the first phase of a new portfolio is up to 25 budget design hotels in major German cities. In the first half of 2012, sales of 14 million euros and a surplus of 2 million euros were achieved. Reading the balance sheet, however, shows that various managers do not receive any compensation from the company directly.

In December 2012 Travel24.com started the renovation of the Ring-Messehaus in Leipzig, which had been vacant since 1994 , from which the first budget hotel with 170 rooms is to be built for 11.2 million euros. The renovation should be completed by the end of 2014, due to delayed construction, the opening finally took place in August 2017. Furthermore, the conversion of the former Gothaer high-rise in Cologne city center into a two-star hotel with 338 rooms was planned. This property has since been sold again.

In April 2017, the former Ring-Messehaus was sold to the Leipzig-based Vicus Group AG , which specializes in commercial real estate . The purchase price for the hotel was paid ahead of time in September 2017 before the official handover. This ensured the repayment of the corporate bond issued in 2012.

Share and shareholders

The company's share capital is divided into around 2 million shares .

The shareholder structure is made up as follows:

proportion of Shareholders
42.77% Unister Holding GmbH iI
17.09% VICUS GROUP AG
12.02% Mr. Reiner Eehnuis, RE Beteiligungsgesellschaft mbH
12.02% Mr. Gabriel Schütze, GSC Beteiligungsgesellschaft mbH
16.10% Free float

Trivia

In August 2016 it became known that LOET Trading AG (a company owned by right-wing extremist Hans Jörg Schimanek ) was a shareholder in Travel24.com. This had taken over the shares from the right-wing extremist Reinhard Rade. Since July 2016, LOET Trading AG no longer owns any shares in Travel24.com AG.

Web links

Individual evidence

  1. ↑ Travel24.com presents new CEO
  2. ^ Travel24.com AG: Resignation from the Board of Management (German). DGAP-Adhoc. dpa-AFX, May 15, 2013, accessed on August 30, 2013 .
  3. ↑ a b Annual Report 2018. travel24group.com, accessed on May 3, 2019 .
  4. ^ Deutsche Börse Cash Market - Listed companies. Retrieved May 9, 2019 .
  5. ↑ Finances Neuer Markt - Travel24.com before the end - 06/05/02 - News - ARIVA.DE. Retrieved May 3, 2019 .
  6. ↑ Net sales decreased: Travel24.com significantly reduced losses. Retrieved May 3, 2019 .
  7. ↑ Travel24.com on the mend. Retrieved May 3, 2019 .
  8. ↑ Why weak stocks like EMS New Media, Travel24.com and Net AG will belong to the Prime Standard in the future: In the future, too, investors will have to filter out quality stocks themselves. Retrieved May 3, 2019 .
  9. ↑ http://kress.de/alle/detail/beitrag/97947-unister-media-kauf-travel24-und-eroeffnet-aussenstelle-in-hamburg.html
  10. ↑ a b Travel24.com AG: Release according to Article 26, Section 1 of the WpHG with the aim of Europe-wide distribution. Retrieved May 6, 2019 .
  11. ↑ New issue: Travel24.com - a good deal? , Wallstreet-online from August 31, 2012
  12. ↑ Security profile Travel24.com WKN A0L1NQ ISIN DE000A0L1NQ8 Chart message share price comparison. Retrieved May 3, 2019 .
  13. ↑ Robert Nößler: Ring-Messehaus in Leipzig almost demolished - but the new Travel24 hotel opens later , in: Leipziger Volkszeitung , August 16, 2013.
  14. ↑ Leipzig's old Ring-Messehaus is now a hotel. In: tag24.de. Retrieved May 8, 2019 .
  15. ↑ The high-rise building is being converted into a hotel , ksta.de from August 18, 2014
  16. ↑ First Travel24.com design hotel opened in 2016 | presse.travel24.de. In: presse.travel24.com. Retrieved July 14, 2016 .
  17. ↑ VICUS GROUP AG acquires the first Travel24 hotel in Leipzig as a forward deal. Retrieved May 9, 2019 .
  18. ↑ VICUS GROUP AG pays early purchase price for Travel24 Hotel in Leipzig. Retrieved May 9, 2019 .
  19. ↑ Travel24.com AG: Travel24.com AG medium-sized bond repaid on time. Retrieved May 9, 2019 .
  20. ↑ Share basic data. In: travel24group.com. Retrieved May 6, 2019 .
  21. ↑ Correction of the publication of October 19, 2017, 2:00 p.m. CET / CEST - Travel24.com AG: Publication according to Article 26, Section 1 of the WpHG with the aim of Europe-wide distribution - dgap.de. Retrieved May 6, 2019 .
  22. ↑ Correction of the publication of October 19, 2017, 2:00 p.m. CET / CEST - Travel24.com AG: Publication according to Article 26, Section 1 of the WpHG with the aim of Europe-wide distribution. Retrieved May 6, 2019 .
  23. ↑ Correction of the publication of October 19, 2017, 2:00 p.m. CET / CEST - Travel24.com AG: Publication according to Article 26, Section 1 of the WpHG with the aim of Europe-wide distribution - dgap.de. Retrieved May 6, 2019 .
  24. ↑ ZEIT ONLINE: Travel portals: Right-wing extremists have a say in Unister . In: The time . August 17, 2016, ISSN  0044-2070 ( zeit.de [accessed May 7, 2019]).
  25. ↑ Travel24.com AG: Release according to Article 26, Section 1 of the WpHG with the aim of Europe-wide distribution. Retrieved May 13, 2019 .