Business Summary: Travelplanet.pl SA is a Polish Internet travel agency. The Company sells travel offers from various tour operators. It offers holidays abroad, which are updated on a daily basis, flight tickets, travel insurances, as well as houses and apartments for rent. Additionally, Travelplanet.pl SA owns a 24-hour call center and a chain of customer service points that are located in the shopping malls. The Company also includes such websites as Travelplanet.pl offering tourist services; Aero.pl offering flight ticket sales services; and Hotele24.pl offering hotel accommodation booking services. The Company sells products from such tour operators as TUI, Neckermann, Nowa Itaka, Exim, Sun&Fun Holidays, Alfa Star, Sky Club, Rainbow Tours and Wezyr Holiday Service, among others.
Financial Summary: BRIEF: For the nine months ended 30 September 2011, Travelplanet.pl SA's total revenue increased 1% to PLN14.4M. Net income totaled PLN1.3M, vs. a loss of PLN1.5M. Total revenue for the period reflects an increased demand for the Company's products and services due to favorable market conditions. Net income for the period reflects improved both gross and operating profit margins, as well as lower financial expenses and higher financial income.