Wyndham Exchange and Rentals (UK) Holdings Ltd. owns and operates leisure facilities such as beach holidays, country cottages, Tuscan farmhouses, villas, apartments, castles, family lodges set in forests, boating holidays, ski lodges and camping holidays with traditional gypsy roulettes. It also offers marketing service for holiday accommodation brands such as English Country Cottages, Scottish Country Cottages, cottages4you, Welcome Cottages, Chez Nous and Canvas Holidays, Landal GreenParks, Novasol, Dansommer, and Cuendet. The company was incorporated in 2001 and is based in London, United Kingdom. Wyndham Exchange and Rentals (UK) Holdings Ltd. operates as a subsidiary of Wyndham Worldwid...
Hammersmith Bridge Road
London, W6 9EJ
Founded in 2001
44 20 8762 6600
44 20 8762 6548
Wyndham Exchange & Rentals Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year 2015
Feb 10 15
Wyndham Exchange & Rentals announced earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s revenues were $311 million in the fourth quarter of 2014, a 2% increase over $305 million for the fourth quarter of 2013. Exchange revenues were $150 million, flat compared with the fourth quarter of 2013. In constant currency, exchange revenues increased 2%, as the average number of members increased 2.2% and exchange revenue per member was flat. Vacation rental revenues were $144 million, a 4% increase over the fourth quarter of 2013. In constant currency, vacation rental revenues were up 11%, reflecting a 7.3% increase in transaction volume and a 3.3% increase in the average net price per vacation rental. Adjusted EBITDA for the fourth quarter of 2014 was $39 million, an 8% increase compared with $36 million for the fourth quarter of 2013. On a currency-neutral basis, revenues increased 6%, and adjusted EBITDA was up 14%, reflecting revenue increases and effective cost management. EBITDA was $2 million against $36 million a year ago.
For the year, the company’s revenues were $1,604 million against $1,526 million a year ago. EBITDA was $335 million against $356 million a year ago. Adjusted EBITDA was $380 million against $356 million a year ago.
For the fiscal year 2015, Reflecting January 30, 2015, FX rates in the sale of Canvas, The company expects revenues of $1,500,000,000 to $1,560,000,000 and adjusted EBITDA of $364 million to $377 million for the company. On a currency-neutral basis and excluding the effect of the Canvas sale, growth would be 3% to 6% for both revenue and adjusted EBITDA.