ebookers Achieves Profitability Despite Iraq War

ebookers plc, the pan-European online travel agency has announced a profitable first quarter 1, despite the impact of the Iraq War and SARS.
ebookers
posted an adjusted profit before tax of 0.1m, achieved for the first time,
    compared to 2.2m pounds sterling loss in same quarter last year.

Dinesh Dhamija
, CEO ebookers plc, comments:

“It is testament to our high growth internet model and our low cost Business Process Outsourcing (BPO)centre in India.


“Going forward we will continue to drive sales growth by taking the Travelbag brands online, and increasing high margin non-air sales, while at the same time reducing costs.”


Nigel Addison Smith, CFO ebookers plc, comments:

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“We have achieved this result despite the impact of the Iraq War which we estimate reduced our Q1 profit by 3-4m pounds. This highlights the underlying profit potential within our business.”


ebookers acquired Travelbag Holdings Limited, in February 2003. Their key aim is to capture as much internet growth in the European leisure travel market as possible by taking the Travelbag brands online, increasing their sale of high margin non-air products, and continuing their strategy of offering multichannel access for internet bookings.
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