ASMALLWORLD AG Reports Record Revenue and Net Income for 2023

ASMALLWORLD AG, based in Zurich, announced its annual results for 2023, marking a year of robust growth and strategic expansion. The company reported a 15% increase in sales, reaching a new high of CHF 21.2 million. Net income rose by 5%, while the company significantly reduced its debt by 54%, further strengthening its financial position. The expansion efforts include growth in the ASMALLWORLD Collection, the launch of ASMALLWORLD DISCOVERY, and the acquisition of Jetbeds.

Despite a 16% decrease in EBITDA to CHF 2.1 million, ASMALLWORLD saw its net result climb by 5% to CHF 1.53 million. Growth was buoyed by various factors, including dividends from the Global Hotel Alliance investment, favorable foreign exchange conditions, and reduced interest expenses. The company also witnessed a 6% increase in its membership base, totalling 70,200 members.

Sales in the Subscriptions and Services segments grew by 13% and 20% respectively. Notably, ASMALLWORLD Collection bookings surged by 29%. Moreover, the company strengthened its balance sheet by reducing its outstanding debt to CHF 4.2 million, down from CHF 9.1 million, attributing this reduction primarily to a successful capital increase.

Looking forward, ASMALLWORLD anticipates continued growth and diversification of its product offering into 2024. Despite expecting a temporary decrease in EBITDA to CHF 1.0 to 1.2 million due to short-term investments, ASMALLWORLD is poised for further expansion and success in the long run.