ASMALLWORLD AG announces 2018 full year results; revenues grew by 75% to CHF 8.8M Dienstag, 19. März 2019 - 07:00

ASMALLWORLD AG / Key word(s): Annual Results
ASMALLWORLD AG announces 2018 full year results; revenues grew by 75% to CHF
8.8M

19-March-2019 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Press release

ASMALLWORLD AG (SWX:ASWN) announces 2018 full year results; revenues grew by
75% to CHF 8.8M

Zurich, 19.03.2019 - ASMALLWORLD AG announces its full year results for
2018. The company looks back on a year of robust growth, with revenues
reaching CHF 8.8M, an increase of 75% compared to last year. In 2018, its
member base reached 47'800, a 68% increase since the preceding year, and the
average revenue per user (ARPU) grew from CHF 198 to CHF 231. The company
expects continued growth in 2019 and sets its 2019 revenue guidance at CHF
12.0 to 12.5M.

ASMALLWORLD Group's growth was strong in 2018. Revenues rose from CHF 5.0M
to CHF 8.8M, representing an increase of 75%. The company's initial revenue
guidance of CHF 6.5 to 7.0M was thus significantly exceeded. The number of
members grew by 68%, from 28,500 to 47,800, and the average revenue per user
(ARPU) rose by 17%, from CHF 198 to CHF 231.

Both business segments, Subscriptions and Services, contributed to the
positive revenue development. Subscriptions grew by 88% and Services by 58%
year-on-year.

The Subscriptions business unit increased its revenues to CHF 5.4M, compared
to CHF 2.8M last year. This revenue growth was primarily driven by an
increase in members, the launch of Premium Memberships and the acquisition
of First Class & More.

The Services segment grew to CHF 3.5M, compared to CHF 2.2M in 2017. This
growth was primarily realised through the expansion of the event activities
and the growth of the travel business.

The EBITDA margin improved from -34% in 2017 to -26% in 2018, while the
outflow from operating cash flow was reduced from CHF -1.5M to -1.2M. The
company presents a balance sheet with a cash position of CHF 6.1M.

"We are very satisfied with our progress in 2018: we took the company
public, acquired First-Class & More, launched our new premium memberships,
and made significant operational progress with our technical platform and
our events. All this hard work translated into significant revenue growth
and improved profitability," comments ASMALLWORLD CEO Jan Luescher.

2018 - a defining year for ASMALLWORLD

In March 2018, ASMALLWORLD became the first Swiss social media company to be
listed on the SIX Swiss Exchange. The aim was to raise capital for the
strategic development of the company mainly through M&A activities, to raise
the company's profile and to increase public awareness.

With two successful capital increases, one in May and one in December,
ASMALLWORLD raised more than CHF 18M, allowing the company to successfully
acquire First Class & More, a subscription-based luxury travel community.
Such strategic acquisitions were one of the key reasons for the public
listing, and further validated that it was the right step to take for the
company.

The acquisition of First Class & More expanded ASMALLWORLD's travel offering
and accelerated its path to profitability. It also strengthened the
company's management team with the addition of Alexander Koenig, founder of
First Class & More, who joined the Group to lead the international expansion
of the business which is a priority for 2019. Alexander Koenig also joined
the board of directors.

In 2019, ASMALLWORLD will continue to expand its travel & lifestyle
ecosystem

In the first part of 2019, ASMALLWORLD continued to build its travel &
lifestyle ecosystem. With the acquisition of LuxuryBARED in February, the
company added a luxury travel agency and an online booking platform to its
service offering ( www.LuxuryBARED.com).

LuxuryBARED will further increase ASMALLWORLD's service revenues by offering
attractive online hotel booking features to its members. This acquisition
also confirms ASMALLWORLD's ability to move swiftly when the right M&A
opportunities arise.

ASMALLWORLD also announced the launch of the 'ASMALLWORLD Hotel Collection'
with the iconic North Island Resort in the Seychelles as its first property
under management ( www.north-island.com). This strategic step provides
ASMALLWORLD members with access to unique destinations while increasing
occupancy rates and sales for hotels under management. The company aims to
add more properties to the collection in the future.

For 2019, the company expects continued growth and sets its 2019 revenue
guidance at CHF 12.0 to 12.5M for the year.

"We will continue to expand and strengthen the ASMALLWORLD ecosystem in
2019. With the online travel booking capability from LuxuryBARED, we will be
able to offer our members a seamlessly integrated hotel booking platform
which is focused entirely on luxury hotels and matches the preferences of
the ASMALLWORLD community. We believe that this step will allow us to
further expand our services business going forward," comments ASMALLWORLD
CEO Jan Luescher.

Earnings call and further information

ASMALLWORLD AG will hold a conference call later today to provide additional
details and commentary for the 2018 results. The call starts at 3pm CET.

To participate in the call, please use the confirmation code 9850682 and the
following dial-in numbers: Switzerland: +41 (0)44 580 7206; United Kingdom:
+44 (0)330 336 9125; Germany: +49 (0)69 2222 25574; United States: +1
929-477-0324

Further information about the financial year 2018 and the 2018 annual report
are available for download on the ASMALLWORLD AG website at:
https://www.asmallworldag.com/financial-reports

This press release and further information can be found at
www.asmallworldag.com.

Contact:

ASMALLWORLD AG
Jan Luescher, CEO
Bellerivestrasse 241
CH-8008 Zurich
press@asw.com


The ASMALLWORLD Group

ASMALLWORLD is a social network for the discerning traveller.

We bring the world closer to our members by curating a global community
around shared interests and experiences enabling and inspiring members to
make new connections, travel better, and experience more.

ASMALLWORLD members connect through our app and website, where they exchange
advice and ideas, receive travel and lifestyle inspiration, enjoy member
privileges, and access premium travel and lifestyle experiences and
products.

Members also meet in person at over 1000 global ASMALLWORLD events every
year, ranging from regular get-togethers in major cities around the world,
access to exclusive launches, shows, galas, soirees, exhibitions, major
global sporting events, and larger flagship weekend experiences hosted in
iconic destinations such as Saint-Tropez, Marbella, and Gstaad.

Other businesses of the ASMALLWORLD ecosystem are:

First Class & More, a subscription-based luxury travel service that allows
members to enjoy luxury travel at insider prices

LuxuryBARED, a luxury hotel booking platform offering a curated collection
of the world's best hotels and exclusive booking upgrades and privileges

The World's Finest Clubs, a nightlife concierge that offers its members VIP
access to the most exclusive nightlife venues around the world

ASW Hospitality, a hotel management company that operates the ASMALLWORLD
Hotel Collection and manages the iconic North Island resort in the
Seychelles

For more information, please visit:

www.asmallworldag.com

www.asw.com

www.first-class-and-more.de

www.first-class-and-more.com

www.finestclubs.com

www.luxuryBARED.com

www.north-island.com


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End of ad hoc announcement

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