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Ad hoc: Design Hotels AG: Design Hotels AG Reports Results for the First Quarter of 2009

Design Hotels AG / Interim report / Ad hoc: Design Hotels AG Reports
Results for the First Quarter of 2009

Ad hoc announcement according to §15 WpHG processed and transmitted
by Hugin. The issuer is solely responsible for the content of this
announcement.

----------------------------------------------------------------------
--------------




Revenues Stable at 2008 Level

Berlin April 30, 2009 - Design Hotels AG (Regulated Market, Munich:
LBA; ISIN: DE0005141006), an integrated provider of marketing and
positioning services for individually managed hotels and small hotel
groups in the New Luxury Segment, today reports its results for the
First Quarter of 2009 under IFRS.

Financial Highlights for the Design Hotels Group:

Revenues during the first quarter of 2009 declined marginally from
¤2.05 million in Q1 2007 to ¤2.00 million (-3%). The respective
business units, however, showed varying levels of development.
Booking commissions fell by 25% to ¤0.76 million, Membership Fees
came in at ¤0.52 million (+1%) and Marketing Products/Consulting
achieved revenues of ¤0.72 million (+36%).

The Gross Margin came in at 71.5% and was thereby similar to last
year's level (71%).

The EBITDA was minus ¤81,000, whereas the Company posted a profit of
¤156,000 during the same period last year.

The EBIT was a ¤123,000 loss, after a ¤117,000 profit before taxes
last year.

The Net Loss was ¤111,000, compared to a Net Profit of ¤117,000 in
2007. Loss per share was ¤0.01 (2007: ¤0.01 profit)

As of March 31st 2009, the Company had Cash and Cash Equivalents of
¤2.55 million, compared to ¤2.78 million as of 31st December 2008.
Shareholders' Equity during the first three months of the current
financial year decreased from ¤5.64 million to ¤5.53 million.

Even though it seems that in terms of bookings the market has reached
the bottom, the management is actually assuming a double digit fall
in revenues for the full year and we therefore are adapting both
capacity and cost structure to our expectations for the remainder of
the year. Based on the extent of the reduction in expected revenues,
we therefore anticipate a clear reduction in profitability. However,
we do expect to be able to achieve profitability for the full year.

Contact:

Design Hotels AG
Claus Sendlinger (CEO)
Stralauer Allee 2c
10245 Berlin
Tel. +49 (0)30 88 494 00 03
Fax +49 (0)30 259 330-17
ir@designhotels.com

Schwarz Financial Communication
Frank Schwarz
Tel. +49 (0)611 17453 9811
Fax +49 (0)611 17453 9829
schwarz@schwarzfinancial.com



--- End of Message ---

Design Hotels AG
Stralauer Allee 2c Berlin Germany

WKN: 514100;
ISIN: DE0005141006;
Listed: Open Market in Frankfurter Wertpapierbörse, Freiverkehr in
Börse Berlin,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Regulierter
Markt in Bayerische Börse München;
Copyright © Hugin AS 2009. All rights reserved.



 
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