Berlin - On April 7, 2006, the Supervisory Board of design hotels AG has approved the annual financial statements and consolidated financial statements for the business year 2005.
In 2005, consolidated revenues amounted to TEuro 5.381 (previous year TEuro 4.369). Revenues from the three main revenue sources - Annual Membership Fees, Commissions, and Marketing Products - increased by in total 24.4% compared to the same period in the previous year.
Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) significantly improved to TEuro 374 (previous year: TEuro -380).
Earnings before Interest and Taxes (EBIT) for the entire business year 2005 amounted to TEuro 310 (previous year: TEuro -848). In total, the business year 2005 closed with Earnings before Taxes (EBT) of TEuro 314 (previous year: TEuro -869).
Contact: design hotels AG, Claus Sendlinger (CEO), Paul-Lincke-Ufer 20-22, D - 10999 Berlin, Tel. +49 (0)30 62901-330, Fax +49 (0)30 62901-339, email@example.com, www.designhotels.com, ISIN: DE0005141006, Munich Stock Exchange (Regulated Market)