WorldTicket A/S
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WorldTicket A/S - overview
Established
2002
Location
Copenhagen, -, Denmark
Primary Industry
Travel & Leisure
About
Founded in 2002 and based in Copenhagen, Denmark, WorldTicket A/S provides airlines worldwide with advanced PSS solutions built on modern and flexible technology. Lasse Meilsoe is the founder of the company. In May 2022, 777 Partners acquired WorldTicket A/S. Financial terms of the transaction were not disclosed.
The company partners with more than 75 airlines worldwide and also has offices in Thailand, Poland, and China as of 2022. The company provides a variety of solutions, such as AeroCRS PSS, which manages and operates a router for transportation services like airlines, scheduled or charter-based operations, low-cost carriers, virtual airlines, irregular operations, full-service carriers, ferry operators, bus transportation, rail, and any route management; W2 GDS Sub-Hosting, which is the ideal solution to remove the commonly lengthy implementation times of the GDSs as well as the upfront investments needed in e-commerce. The firm also offers services including Global BSP Ticketing, which assists airlines all over the world in optimizing their BSP sales; NDC Aggregator, which informs airlines on how they want the new distribution standards to impact their operations; and W1 GSA services. Customers served by WorldTicket include Airlink, Aviair, Armenia, Condor, Jonair, Nyxair, Monagair, and others.
Current Investors
777 Partners
Primary Industry
Travel & Leisure
Sub Industries
Airlines & Air Travel, Travel & Tourism, e-Financial, Accounting/Finance Software
Website
www.worldticket.com
Verticals
Cloud Computing, E-commerce, FinTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
WorldTicket A/S - timeline of key events
WorldTicket A/S - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | 54,800,000 | 48,417,000 | 89,080,000 | 69,398,000 | 77,309,000 | 50,066,000 | 79,818,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | (11.6%) | 84.0% | (22.1%) | 11.4% | (35.2%) | 59.4% | - | - | - |
| EBITDA (USD) | 4,907,830 | 5,488,418 | 6,216,364 | 1,189,801 | 9,774,000 | 6,685,000 | 10,164,000 | 1,628,000 | 7,696,000 | (12,797,000) | (33,373,000) | - | - | - |
| Operating Income (USD) | 1,284,979 | 1,734,102 | 1,571,478 | (3,276,966) | 3,810,000 | 1,467,000 | 3,935,000 | (6,867,000) | 5,499,000 | (24,219,000) | (45,005,000) | - | - | - |
| Operating Margin | - | - | - | - | 7.0% | 3.0% | 4.4% | (9.9%) | 7.1% | (48.4%) | (56.4%) | - | - | - |
| % EBITDA Margin | - | - | - | - | 17.8% | 13.8% | 11.4% | 2.3% | 10.0% | (25.6%) | (41.8%) | - | - | - |
| NET Income (USD) | 156,492 | 1,543,526 | 989,243 | (596,748) | 2,488,000 | 125,000 | 480,000 | (5,915,000) | 3,522,000 | (20,074,000) | (49,885,000) | - | - | - |
| % Net Margin | - | - | - | - | 4.5% | 0.3% | 0.5% | (8.5%) | 4.6% | (40.1%) | (62.5%) | - | - | - |
WorldTicket A/S - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | WorldTicket A/S | - |
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WorldTicket A/S - employee data
WorldTicket A/S - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM | ||||||
| Member of the Board | BM |
BM Board Member
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