Rainbow Tours (RBW) Q4 2024 earnings summary

Executive summary

• Achieved record revenue and client numbers in 2024, with sales up 23.5% year-over-year and net profit up 62.9% to PLN 283.1 million.

• Expanded hotel segment with new acquisitions and completed expansions, increasing owned hotel capacity to 1,000 rooms for 2025.

• Advanced to mWIG40 and WIG30 indices, reflecting strong market capitalization growth and investor interest.

Financial highlights

• Consolidated revenue: PLN 4,068.1 million (+23.5% YoY); net profit: PLN 283.1 million (+62.9% YoY).

• Gross margin: 18.4% (2024) vs. 16.6% (2023); EBITDA: PLN 376.1 million (2024) vs. PLN 236.9 million (2023).

• Cash and equivalents: PLN 287.6 million; equity: PLN 451.2 million (34.7% of assets).

• No significant financial debt; total financial debt at PLN 93.2 million.

Outlook and guidance

• Strategy focuses on maintaining above-market profitability, expanding high-margin segments, and prudent investment.

• 2025 expected to see stabilized demand and lower growth rates; focus on cost control and loyalty program expansion.

• Continued investment in hotel segment and digital platforms; open to acquisitions.