MyHotelMatch (MHM) H2 2023 earnings summary

Executive summary

• Revenue for 2023 was €3.79 million, down from €7.75 million in 2022, reflecting a significant decline year-over-year.

• The company underwent strategic restructuring, including the sale of its NYS subsidiary and the announcement of a merger project with Courbet Heritage.

• Digital development initiatives were paused during the year.

Financial highlights

• Net loss attributable to the group was €3.20 million in 2023, compared to a loss of €0.71 million in 2022.

• Operating expenses included €6.18 million in personnel costs and €2.55 million in external charges for 2023.

• The sale of NYS enabled full repayment of supplier debts.

Outlook and guidance

• The merger with Courbet Heritage, which owns a substantial real estate portfolio, is expected to refocus the business on its core activities.