lastminute.com N.V (LMN.SW) Thursday said its earnings before interest and taxes or EBIT for the second quarter declined 62% to 3.9 million euros from 10.2 million euros last year.
Excluding non-recurring items, EBIT was 8.6 million euros, down 9%.
EBITDA or earnings Before Interest, Taxes, Depreciation, and Amortization decreased 32% year-on-year to 9.8 million euros. Adjusted EBITDA rose 6% to 14.5 million euros.
Net result was 1.3 million euros or 0.12 euros per share, down from 7.4 million euros or 0.69 euros per share a year ago.
Excluding non-recurring items, the result was 4.9 million euros, down 28%, mainly impacted by adverse exchange rate effects.
Revenues for the quarter reached 93.6 million euros, 9% up year-on-year.
For the full year, the company expects revenues and adjusted EBITDA to grow in low double-digits.
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