Sostravel.com (OTCQB: SOSAF) (BIT: SOS), a digital travel company operating the sostravel, flio apps, www.sostravel.com and www.amareitalia.com platforms, develops proprietary digital travel solutions, such as the Lost Luggage Concierge for luggage protection and recovery and Dr. Travel, a telehealth service designed for travelers. The company announced a positive 2022 EBITDA margin, reflecting 47% revenue growth. Based on the positive results, Sostravel.com unveiled its business plan and detailed its strategy behind the doubling of revenue and the 173x EBITDA growth expected by 2027. “We think that finding such a growth opportunity with financial break-even, positive net financial position and cashflow is uncommon,” said Edoardo Zarghetta, IR advisor at Sostravel.com. “Sostravel.com offers investors a unique opportunity to gain exposure to global travel and digital travel services growth. 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.”
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About Sostravel.com S.p.A.
Sostravel.com is a digital travel company listed on Euronext Growth Milan (BIT: SOS), and OTCQB New York (OTCQB: SOSAF), operating the sostravel, flio apps, www.sostravel.com and www.amareitalia.com platforms. It offers booking services, digital itineraries including flight and airport information, car rental, experiences, and insurance services. The company operates a network of private label digital-travel solutions, the Lost Luggage Concierge proprietary service, and is expanding into telehealth services designed for travelers. Over 1 million users worldwide used Sostravel.com as a digital travel companion, to find deals on their trips and get information to make their journeys more enjoyable.
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