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Sostravel.com S.p.A. Featured in Syndicated Broadcast Covering 2022 Financial Highlights and Strategy for Sustained Growth in Travel Sector [Video Edition]
Sostravel.com S.p.A. (BIT: SOS) (OTCQB: SOSAF) announced its business plan following the release of strong financial results for 2022.
To read the original press release, visit: https://ibn.fm/XeRsq
“Sostravel.com offers investors a unique opportunity to gain exposure to global travel and digital travel services growth,” Edoardo Zarghetta, IR Advisor for Sostravel.com, stated in the news release. “Our robust financial profile with a strong track record of profitability and operating cash flow generation, combined with flexible cost structure, commitment to preserving cash and balancing cost controls with investments, is already catching investors’ attention.”
Sostravel.com announced a positive EBITDA margin in 2022 attained in a year where revenues grew by 47%. Based on these positive results, the company unveiled its business plan, detailing the strategy behind the doubling of revenues and the 173x EBITDA growth expected by 2027.
As explained in the news release, Sostravel.com intends to bolster its recent growth by selling high-margin, private-label offerings of digital travel to Sardinia, the Red Sea and Kenya via both internal and major third-party booking platforms. It also plans to expand its ‘Secret Village’ offering in Sardinia, which proved popular with travelers, and promote growth of its Lost Luggage Concierge services aimed at the protection and recovery of air passengers’ luggage. Finally, Sostravel.com aims to launch a traveler-centered telehealth solution via the sostravel app to better meet the needs of international tourists.
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