Travel Daily News
"79.6 per cent increase in Total Transaction Value to £992.3 million (2003: £552.4 million)
Gross margin 17.6 per cent for year ended 2004 (2003: 18.3 per cent)
60.0 per cent increase in pre exceptional EBITDA to £24.1 million (2003: £15.0 million)
Increase in profit before tax (pre exceptional items and goodwill amortisation) to £4.6 million (2003: £0.2 million)
Overall pre tax loss for the year £77.2 million (2003: loss £47.7 million)
2004 earnings per share (pre exceptional items and goodwill amortisation) of 1.54p (2003: 0.11p)
2004 basic loss per share of 24.56p (2003: loss 17.88p)
Overall net cash balances at 30 September 2004 of £85.9 million (2003: £112.7 million)
Brent Hoberman, co-founder and CEO, said: "The strong consumer adoption of self packaging continues to drive growth and enables us to deliver industry leading gross margins. Through our innovative brand position, leading technology and great product, lastminute.com is becoming increasingly a part of our customers` everyday lives. This, alongside our cost reduction programme, puts the business on a firm footing for profitable growth in the coming year".
Allan Leighton, Chairman said: "These results show that lastminute.com has performed solidly in a difficult trading environment for the sector in the last quarter and the year as a whole. The further strengthened management team has delivered pre tax profit (pre exceptional items and goodwill amortisation) of £4.6 million and lastminute.com continues to be well positioned to take advantage of current lifestyle and technology trends.
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