Spanish online travel booking company eDreams ODIGEO said Thursday it will return to profit in 2023, after the pandemic caused three years of losses.

The Barcelona-based company, whose fiscal year ends in March, posted a net profit of EUR32.4 million ($34.96 million), compared with a loss of EUR43.3 million a year earlier.

The group also announced the launch of a partial takeover bid for its own shares for a maximum amount equivalent to 3.57% of the capital.

(1 dollar = 0.9268 euros)

(Report by Matteo Allievi, edited by Inti Landauro; Spanish edition by Tomas Cobos)