Stuba.com


Stuba celebrates first successful year.

Stuba celebrates first successful year.

We can hardly believe that we have just celebrated our first year as a combined business and what a success it has proved to be.

Chief Executive Officer, Ruchir Bang said, "We have absolutely smashed our targets and milestones of where we wanted to be twelve months down the line. Our objectives for year one were really to have a successful launch with Stuba quickly becoming a recognised brand in the trade wholesaler space, but more importantly to ensure a unified team and migrate all clients over to a common platform.”

In the last twelve months we have increased business with existing clients as well as seen 45% increase in the number of new client bookings. The migration of the majority of clients has been completed, with just a few remaining, which will go live in the next two weeks.

Globally, we have increased sales in all markets; The UK & Ireland has seen 52% growth year on year in Q1. Australia and New Zealand has seen 58% growth year on year and 29% in the Middle East, all of which have been established markets for Stuba.

Overall, destinations such as Iceland have seen enormous growth, at +1046% year on year and Jordan is at +566%. Elsewhere, Argentina is +254% up y-o-y, Croatia is up 210% up and Spain and Portugal are both seeing well over 100% growth year on year.

Bang continues "A lot of businesses stagnate for a while after a merger, due to taking their eye off the ball to combine the business; however, we have truly bucked this trend with fantastic sales growth year on year, which is huge testimony to our great teams and a successful merger. Moving forward, we are expecting healthy double-digit growth this year and our vision is to only go after quality business.

Our direct connectivity business has also increased 315% in Q1 of 2019 compared to 2018 and this has been due to working with direct connections that offer better pricing and greater availability. We will also shortly be announcing some radical changes and investments to the technology division to improve and innovate to help our customers sell more effectively.

We would like to take this opportunity to thank you all for all of your continued support over the past year and helping us become a huge success.

From everyone at Stuba
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