ROME, March 01, 2023 (GLOBE NEWSWIRE) — via InvestorWire — Sostravel.com SpA, a digital travel company operating the sostravel and flio apps, www.sostravel.com and www.amareitalia.com platforms, develops proprietary digital travel solutions , such as the Lost Luggage Concierge for luggage protection and recovery and Dr. Travel, a telehealth service designed for travelers.
The company announced a positive 2022 EBITDA margin, reporting 47% revenue growth. Based on these positive results, the company unveiled its business plan, detailing the strategy behind the doubling of revenue and the 173x EBITDA growth expected by 2027:
- High-margin, private-label digital travel offerings to Sardinia, the Red Sea and Kenya will be sold via sostravel.com, amareitalia.com and major third-party booking platforms.
- Expanding the “Secret Village” offering in Sardiniawhich proved popular with travelers.
- growth of its Lost Luggage Concierge services aimed at the protection and recovery of air passengers’ luggage.
- Launch of a traveler-centered Telehealth solutions called Dr. Travel, provided in a video call via its Sostravel.com app.
Edoardo Zarghetta, IR advisor at Sostravel.com said“We think that finding such a growth opportunity with financial break-even, positive net financial position and cashflow is uncommon.”
Zarghetta added: “Sostravel.com offers investors a unique opportunity to gain exposure to global travel and digital travel services growth. our a robust financial profile with a strong track record of profitability and operating cash flow generation, combined with a flexible cost structure, a commitment to preserving cash and balancing cost controls with investments is already catching investors’ attention.”
To hear an audio production of today’s release, visit: https://ibn.fm/Xa6zh
About Sostravel.com
Sostravel.com SpA is a digital travel company listed on Euronext Growth Milan (BIT:SOS), and OTCQB New York (OTCQB:SOSAF), operating the sostravel, flio apps, www.sostravel.com and www.amareitalia.com platforms. It offers booking services, digital itineraries including flight and airport information, car rental, experiences, and insurance services. The company operates a network of private label digital-travel solutions, the Lost Luggage Concierge proprietary service, and is expanding into telehealth services designed for travelers. Over 1 million users worldwide use Sostravel.com as a digital travel companion, to find deals on their trips and get information to make their journeys more enjoyable.
Contact details
Edoardo Zarghetta
IR Advisors
Ph. +447795106913
E-mail: investor.relations@sostravel.com
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