eDreams increases its staff by 35% and plans to strengthen “technological talent” and another 100 employees – Bee Magzine

Home Economy eDreams increases its staff by 35% and plans to strengthen “technological talent” and another 100 employees

Economy

eDreams increases its staff by 35% and plans to strengthen “technological talent” and another 100 employees

Douglas

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November 15, 2023

eDreams increases its staff by 35% and plans to strengthen “technological talent” and another 100 employees

eDreams increases staff by 35% and plans to strengthen "technological talent" and another 100 employees alt="Dana Dunn, CEO of eDreams ODIGEO"><br />
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<p class="caption"> <span> Dana Dunn, CEO of eDreams ODIGEO </span> <span class="author">Servicemedia</span></p>
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<p>eDreams ODIGEO announced during the presentation of its financial results for the first half of the year that its workforce reached 1,524 people, while 35% YoY Growth. </p>
<p>Thanks to this information, the company is moving closer to its goal – will exceed 1,550 employees by 2025. In addition, the company forecasts hiring 100 new employees by the end of the fiscal year.</p>
<p>Plan announced in November 2021 three year contract the target was to attract 550 new employees before March 2025. Achieving this goal more than a year into the future underscores the company’s outstanding ability to attract top talent from around the world. The company also said its hiring efforts will continue even after these positions are filled as it expects sustained growth beyond 2025. </p>
<p>According to financial results, online travel agency eDreams Odigeo cut its losses to 1.6 million euros in the first half of the 2024 financial year ended September 30, compared with 24 million recorded in the same period the previous year, while increasing its revenue by 12%, to 354 million. </p>
<p>In a statement to CNMV, eDreams explains that “significant growth” income, 38 million euros per semester, requires a longer period to be reflected in net profit from investments made. Among them are those that are carried out as part of the expansion of the Prime Minister’s membership base. </p>
<p>Service Prime subscriptions are up 41% year over year., surpassing five million subscribers at the end of the first financial semester and reaching 5.2 million in October. In the last 24 months alone, 3.4 million new subscribers have joined the program. To this end, the company emphasizes that “Prime member seniority and renewal is the most important factor in profitability.” </p>
<p>Although the growth of eDreams ODIGEO technology staff progressing at an accelerated pace, the remaining goals set for March 2025 remain unchanged. The company remains confident of reaching or exceeding Cash Ebitda of €180 million, reaching 7.25 million subscribers and reaching an ARPU (average revenue per user) of €80.</p>
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<p> Source: El Independiente</p>
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