While eDreams Odigeo prefers to describe itself as the world’s largest online travel company in the flight sector, many investors think of it instead as Europe’s worst-performing IPO of 2014.
The Spanish company has seen its share prices fall 60% since its flotation, from 10.25 euro a share to 3.14 euro a share at the close of markets today.
Today’s quarterly conference call — a much-delayed report for earnings closed through June — failed to instill confidence in investors.