eDreams ODIGEO Accelerates Shareholder Returns With 9 Million Shares Cancelled in Just Five Months

Core Viewpoint - eDreams ODIGEO has initiated a new phase in its share capital reduction strategy, aiming to enhance shareholder value through share buybacks and capital optimization [1][5]. Group 1: Share Capital Reduction - The company has completed the redemption of 3 million shares, following a previous redemption of 3 million shares on October 7, 2025, and an initial reduction of 2.98 million shares on July 11, 2025, totaling approximately 9 million shares redeemed in five months, which is about 7.57% of the current share capital [2][3]. - This recent execution is the second of three capital reductions authorized by shareholders at the Annual General Meeting in July 2025, with the Board of Directors retaining the authority to execute an additional reduction of 3 million shares [3][4]. Group 2: Financial Strategy and Goals - The overarching purpose of these capital reductions is to increase earnings per share, contributing to value accretion for shareholders, supported by a robust business model and strong cash flows [5]. - The company plans to invest €100 million in further share repurchases over the next two years, while targeting 13 million subscribers by 2030 through strategic growth initiatives [5]. - The Chief Financial Officer highlighted that the share cancellation reflects the strong cash-generating capacity of the Prime subscription model, with nearly 9 million shares canceled since July [6].