Skift Take
No matter the motive, being more transparent is a good move for eDreams Odigeo. The big problem is time. How long will it take for the new strategy to pay off, and will investors give the management team breathing room to make the required changes?
European online travel agency group eDreams Odigeo is hoping that its move away from flight ticket sales will pay off in the long term – even if this means taking a short term hit.
Adjusted earnings fell 3 percent to $30.5 million (€26.1 million) in its first quarter, which ended June 30. The company attributed the decline to investing “in the shift in the revenue model.”
These adjusted earnings strip out a significant one-off restructuring charge of $14.4 million (€12.3 million) from the June quarter in 2017.
Revenue in the quarter grew 9 percent to $160.9 million (€137.4 million).
One of the biggest changes Barcelona-based eDreams is making to its business is in what it calls price transpar
