Edo

Tingo Group Issues Response to Short-Seller’s Statement of September 5, 2023

Retrieved on: 
Wednesday, September 6, 2023

MONTVALE, N.J., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to a statement made by short seller Hindenburg Research (“Hindenburg”) on September 5, 2023.

Key Points: 
  • MONTVALE, N.J., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to a statement made by short seller Hindenburg Research (“Hindenburg”) on September 5, 2023.
  • The majority of the misinformation reported by Hindenburg in its statement of September 5, 2023 has already been addressed in the Company’s press release of September 1, 2023, as set out below.
  • On this basis the cash flow statement reflects the movement in the inventory between January 1, 2023 and June 30, 2023.
  • As of June 30, 2023, Tingo DMCC had conducted three export sales transactions totaling $348 million with customers located in neighboring countries within Africa.

Tingo Group Issues Response Into Further Allegations Made Against the Company by Short-Seller

Retrieved on: 
Friday, September 1, 2023

MONTVALE, N.J., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to further allegations made by short seller Hindenburg Research (“Hindenburg”) on August 31, 2023.

Key Points: 
  • MONTVALE, N.J., Sept. 01, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech, agri-fintech and food company, today issues a response to further allegations made by short seller Hindenburg Research (“Hindenburg”) on August 31, 2023.
  • Thereafter, as part of its own investigation into the Hindenburg allegations, outside counsel followed up on the items identified by independent counsel.
  • The Company holds accounts with two banks in Africa, one of which is a multi-national bank with offices in the U.S., the U.K. and Europe.
  • In addition, tax payments totaling $174.0 million were made for Tingo Mobile on its taxable earnings for fiscal year 2022.

Tokyo Metropolitan Government Opens a PR Site "#Tokyo Tokyo BASE" in Terminal 3 of Haneda International Airport!

Retrieved on: 
Friday, September 1, 2023

The Tokyo Metropolitan Government on August 9, 2023 opened a Tokyo Brand PR site "#Tokyo Tokyo BASE" in Terminal 3 of Haneda International Airport, Tokyo and Japan’s gateway to the sky.

Key Points: 
  • The Tokyo Metropolitan Government on August 9, 2023 opened a Tokyo Brand PR site "#Tokyo Tokyo BASE" in Terminal 3 of Haneda International Airport, Tokyo and Japan’s gateway to the sky.
  • At "#Tokyo Tokyo BASE", in order to communicate to both Japanese and foreign visitors the appeal of Tokyo, where tradition and cutting-edge culture have coexisted since the Edo period, we will sell "Tokyo Omiyage (Tokyo Souvenirs)" jointly developed by the Tokyo Metropolitan Government with private businesses such as traditional handicrafts as well as stationery and foodstuffs.
  • In addition to the sale of souvenirs, hands-on Japanese culture experiences and workshops will also be held in the shop, spreading the appeal of Tokyo.
  • This press release features multimedia.

eDreams ODIGEO delivers strong performance with surging profitability, revenues and subscribers

Retrieved on: 
Thursday, August 31, 2023

The Company achieved yet another quarter of outperformance, again powered by the strength of its subscription-based model with growth across all key metrics; profits, revenues and subscribers all surged.

Key Points: 
  • The Company achieved yet another quarter of outperformance, again powered by the strength of its subscription-based model with growth across all key metrics; profits, revenues and subscribers all surged.
  • - Cash Marginal Profit stood at €52.0 million, up 55%, and the margin had a 10 percentage points improvement year-on-year.
  • Today, our results demonstrate our success, with most of our revenues and profits now being derived from this segment.
  • As we chart the path forward, we do so with increased confidence in the boundless opportunities that await us."

eDreams ODIGEO excels as a tech employer of choice as it is named 'Best Company to Work For' for second consecutive year

Retrieved on: 
Tuesday, June 27, 2023

The accolade further strengthens eDreams ODIGEO's position as a top tech employer in Europe, with innovation teams based across several European tech hubs.

Key Points: 
  • The accolade further strengthens eDreams ODIGEO's position as a top tech employer in Europe, with innovation teams based across several European tech hubs.
  • In fact, engagement levels among the Company's team members continue to soar, with a remarkable 9 out of 10 'eDOers' recommending the company as a great place to work.
  • eDreams ODIGEO employs 1,440 people with 59 nationalities and operates in a working system aimed at driving flexibility and employee creativity.
  • eDreams ODIGEO stands out as the only subscription platform featured in the prestigious 'Best Companies to Work For.'

eDreams ODIGEO achieves all-time record in bookings and revenues, greater profitability and strong subscriber growth

Retrieved on: 
Thursday, May 25, 2023

BARCELONA, Spain, May 25, 2023 /PRNewswire/ -- eDreams ODIGEO (hereinafter 'eDO' or 'the Company'), one of the world's largest online travel companies and one of the largest European e-commerce businesses, today released its results for the 12 months ended 31st March 2023.

Key Points: 
  • The Company achieved a number of records in the period, including the highest-ever levels of bookings, mobile bookings, revenues and subscribers.
  • The continued and rapid sales growth, coupled with sharply improved margins, resulted in accelerating profitability.
  • - eDreams ODIGEO made further significant progress in the fiscal year 2023 with continued rapid revenue margin growth and sharply improved margins, resulting in rising profitability.
  • -- The business delivered strong growth in profitability as margins were sharply improved; + 8ppt since the start of the year.

Minato City, Tokyo, Releases Guide to Deeper Experiences for Foreign Visitors

Retrieved on: 
Friday, March 3, 2023

"Minato City Guide and Etiquette," published by Minato City, has been designed to respond to a shift in the needs of inbound tourists in Japan from those that are consumption-based to those that are experience-based.

Key Points: 
  • "Minato City Guide and Etiquette," published by Minato City, has been designed to respond to a shift in the needs of inbound tourists in Japan from those that are consumption-based to those that are experience-based.
  • The 64-page guide takes visitors through the geography of Minato City and how to get around the area, local cultural experiences, encounters with cuisine, shopping, and other information useful to visitors from overseas.
  • Minato City is the ideal place to try buckwheat soba noodles, much loved by Tokyoites since the Edo period (1603-1862).
  • Copies of "Minato City Guide and Etiquette" are available at the following locations:
    - Minato City Tourist Information Center Hamamatsucho Station Address: Tokyo Monorail Hamamatsucho Station, 2-4-12, Hamamatsu-cho, Minato-ku
    - Minato City Tourist Information Center Fudanotsuji Square Address: 1F Fudanotsuji Square, 5-36-4, Shiba, Minato-ku

eDreams ODIGEO continues to perform strongly with significant improvement in profitability and continued growth in Prime subscribers and bookings

Retrieved on: 
Thursday, February 23, 2023

The business delivered a strong improvement in profitability, mainly due to the increasing number of Prime members renewing their memberships.

Key Points: 
  • The business delivered a strong improvement in profitability, mainly due to the increasing number of Prime members renewing their memberships.
  • As guided, the maturity of Prime members is the most important driver for profitability.
  • As guided in the first quarter, strong growth in year-1 Prime members delayed profitability as it improves from year 2 onwards.
  • - Prime continues to prove highly successful: subscribers grow by 81%
    eDreams ODIGEO is becoming a higher quality business with the pivot to subscription.

Strong investor support for eDreams ODIGEO's strategy to continue revolutionizing the industry

Retrieved on: 
Friday, December 9, 2022

BARCELONA, Spain, Dec. 9, 2022 /PRNewswire/ --eDreams ODIGEO (the 'Company') welcomes strong investor support with the sale of Ardian's stake in the company.

Key Points: 
  • BARCELONA, Spain, Dec. 9, 2022 /PRNewswire/ --eDreams ODIGEO (the 'Company') welcomes strong investor support with the sale of Ardian's stake in the company.
  • Permira, who holds 25.1% of the ordinary shares in the Company, will continue being an extremely supportive shareholder.
  • Dana Dunne, CEO of eDreams ODIGEO said: "We are very pleased with the strong support we have had from investors who wish to participate in our exciting future.
  • We believe eDreams ODIGEO has large potential and we are delighted to continue supporting them on their journey."

eDreams ODIGEO continues to outperform the market and delivers strong growth in subscribers, bookings, revenues and profits

Retrieved on: 
Tuesday, November 15, 2022

With 247 websites and apps in 44 countries, 21 languages and 37 different currencies on one central platform, eDreams ODIGEO now covers 80% of the global travel market.

Key Points: 
  • With 247 websites and apps in 44 countries, 21 languages and 37 different currencies on one central platform, eDreams ODIGEO now covers 80% of the global travel market.
  • eDO continues to outperform the industry and its peers, as it has consistently done for the last two years.
  • The Company continues to outperform the market, with its booking levels standing at plus 48% vs 2019 pre-COVID, and almost 1 million new subscribers added in the last 6 months alone.
  • Looking at the wider industry, travel has shown strong growth for decades, except during the global shutdown of COVID.