lastminute.com NV (XSWX:LMN)
CHF 18.04 0.04 (0.22%) Market Cap: 192.73 Mil Enterprise Value: 47.34 Mil PE Ratio: 20.83 PB Ratio: 4.36 GF Score: 70/100
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Half Year 2024 Lastminute.com NV Earnings Call Transcript

Aug 08, 2024 / 08:00AM GMT
Release Date Price: CHF17.46 (+5.18%)
Operator

Good morning, everyone. Thank you for joining us to -- for this call. Our speakers today will be our CEO, Luca Concone; and Diego Fiorentini our Chief Financial Officer. On the next slide to next slides, you see the agenda for the call.

As for the Q&A session, you can post your questions during the presentation or during the Q&A session itself. Also keep in mind that the session will be recorded and the replay provided on our web page. With that, I hand over to Luca for the presentation.

Luca Concone
Lastminute.com NV - Chief Executive Officer, Executive Director

Thank you, Martin. Let me begin with some market update as shown on the charts of the travel industry has not yet bounced back to 2019 levels, which is the benchmark for us and flights in June are still down 5%. We expect the recovery to be fully complete in next year. This trend is evident from the recent softer results reported by some airlines.

For example, Ryanair or Air France-KLM Group. In the flight market, after the slow start of the summer, airlines are now

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