Barcelona, 2 November 2017 – eDreams ODIGEO, one of the world’s largest online travel companies, announces today that it is assessing and evaluating various strategic options for the Company, including a potential M&A transaction involving the Company’s shares, with the ultimate aim of maximising value creation for the benefit of all its stakeholders.
The unanimous decision by the Board of Directors to strategically review its options was prompted by unsolicited indications of interest from potential investors and follows the Company’s renewed strategic focus, operational success and strengthened financial position.
The review process remains at an early stage and there is therefore no certainty on the level of interest of potential investors or if any potential formal proposal will be satisfactory to the Company and its shareholders.
The Board of Directors has appointed Morgan Stanley & Co. International plc as its financial advisor for the strategic review process. There is no expected impact to the day-to-day running of the company and business continues as normal. The Company will issue further statements as appropriate.
eDreams ODIGEO also announces today it is raising its short-term guidance for fiscal year 2018 as well as long term guidance for fiscal year 2020. The increased guidance results from operational execution and leveraging scale, and more favourable terms in a number of contracts with the Company’s suppliers, and it is based on the continuity of its current strategies on product transparency and revenue diversification.
FY 2018 and FY 2020 Outlook
About eDreams ODIGEO
eDreams ODIGEO is one of the world’s largest online travel companies and one of the largest European e-commerce businesses. Under its four leading online travel agency brands – eDreams, GO Voyages, Opodo, Travellink, and the metasearch engine Liligo – it offers the best deals in regular flights, low-cost airlines, hotels, cruises, car rental, dynamic packages, holiday packages and travel insurance to make travel easier, more accessible, and better value for the more than 18 million customers it serves across 44 markets. eDreams ODIGEO is listed in the Spanish Stock Market.