Datalex maintains guidance for full-year 2017

Travel software firm on target to achieve 15-20% earnings growth in 2017

Dublin-listed travel software firm Datalex said on Monday that it remains on target to achieve its full-year guidance of 15-20 per cent earnings growth, as market opportunities continue to expand.

Datalex said that progress on its deployment programme at the Lufthansa Group, one of its largest ever engagements, continues and it is on track to begin generating platform revenue in 2018. Its OTA (Online Travel Agent) platform will go live by the end of the first quarter of 2018, a move which will open up a new market opportunity for Datalex, while Datalex is confident that it will announce a number of new business relationships in the coming months.

Looking ahead, Datalex said that it remains “confident” that it will achieve its full year guidance of 15-20 per cent growth in adjusted earnings (EBITDA).

“Our market opportunity continues to expand, we are successfully executing on a number of major customer engagements and we are accelerating our scaling investment in product and partnership capabilities, both of which will drive future revenue opportunities and business growth,” the company said.


In a note, Davy Stockbrokers said it was a “solid” update from the company.

Fiona Reddan

Fiona Reddan

Fiona Reddan is a writer specialising in personal finance and is the Home & Design Editor of The Irish Times