Opodo recorded €1.3 billion in sales in 2008, leading to earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of €14.4 million.

Published: 05 Feb 2009

Opodo recorded €1.3 billion in sales in 2008, leading to earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of €14.4 million.

The European online travel agency managed to increase its sales by 26 percent in comparison with its performance over the last year.

"Last year we finalised our restructuring plan strengthening our efficiency, improving our cost line and reducing the prices of our services to clients while improving user experience," said Ignacio Martos, chief executive of Opodo. The agency focused on increasing sales through improving loyalty ratios and attracting new clients with the best prices and great service.

Opodo plans to continue double digit growth in 2009. "In uncertain economic times consumers are ever more careful with their money and this is where Opodo can make a real difference, providing a full travel service with the advantage of competitive pricing," Martos said.

"From a UK perspective we are particularly proud to further drive profits upwards for Opodo in 2008, achieving a positive EBITDA figure in excess of 5 million Euros, giving us a solid position to face the uncertain outlook that 2009 holds for everyone," said UK country director Caroline Noble.

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