Hostelworld Group PLC Capital Markets Day (2792H)
November 23 2022 - 1:44AM
UK Regulatory
TIDMHSW
RNS Number : 2792H
Hostelworld Group PLC
23 November 2022
LEI:213800OC94PF2D675H41
Hostelworld Group plc
Capital Markets Day and Financial Year 2022
Hostelworld Group plc ("Hostelworld" or the "Group") today hosts
a Capital Markets Day for analysts and investors at the offices of
Numis Securities, 45 Gresham Street, London EC2V 7BF, at
2:00pm.
As covered by our Q3 trading update, we continue to see strong
booking and revenue momentum, enabled by our innovative and
differentiated social network strategy. October net revenues
reached 106% of 2019 levels and in November we expect net revenue
recovery to improve further.
A combination of strong demand recovery across all geographies,
the Group's social network strategy delivering margin growth ahead
of expectations and continued strong cost discipline means we
expect to deliver Net Revenue of c. EUR70m and an adj. EBITDA of c.
EUR1m in FY22.
Capital Markets Day:
The event will be hosted by CEO Gary Morrison, CFO Caroline
Sherry and CPO Johnny Quach. The presentation will provide further
details on the Group's social network strategy and the resulting
significant value-creation opportunities for shareholders, hostel
partners and customers, for the next three years. We will be
setting out the key trends which will drive our financial
performance in FY23 and through to FY25.
Performance Indicators FY23-25:
Key performance indicator FY 2023 trends FY 2025 trends
Net GMV(1) 20% (growth vs. FY22) 15% CAGR vs. FY22
----------------------- ------------------
Net Revenue 20% (growth vs. FY22) 15% CAGR vs. FY22
----------------------- ------------------
Marketing as a % of revenue 50%-55% 45%-55%
----------------------- ------------------
Mid to high teens
Adj(2) . EBITDA margin % 20%
----------------------- ------------------
(1) Total Transaction Value: Gross merchandise value of bookings
net of cancellations (pre-commission) processed on our platform
(2) Adjusted EBITDA is earnings before interest, tax,
depreciation and amortisation, excluding exceptional and
non-cash
items
The presentation will be available on the Group's website at
2:00 pm via the following link:
https://www.hostelworldgroup.com/investors/reports-and-presentations/2022
A live webcast of the event can be viewed via the following
link: https://brrmedia.news/HostelworldCMD
For further information, please contact:
Hostelworld Group plc Corporate@hostelworld.com
Gary Morrison, Chief Executive Officer
Caroline Sherry, Chief Financial Officer
David Brady, Head of Commercial Finance
Powerscourt Tel: +44 (0) 20 7250 1446
Eavan Gannon / Nick Dibden hostelworld@powerscourt-group.com
About Hostelworld Group
Hostelworld Group is a leading Online Travel Agent focused on
the hostelling category, with a well-known, trusted brand, 13.7
million reviews and a loyal customer base built up over 22 years.
Our core business provides our customers with hostel accommodation
options and hostel focused small group adventure tour products
(Roamies) in over 180 countries worldwide via our website and
native app platforms in 19 languages.
In parallel with helping millions of hostel focused travellers
Meet The World(R), we are also committed to building a better world
in everything we do. In particular, we are increasing our focus on
improving the sustainability of the hostelling industry, through
our active involvement in the Global Tourism Plastics Initiative
(GTPI), led by the UN Environment Programme and the World Tourism
Organization (UNWTO); our membership of the Global Sustainable
Tourism Council (GSTC); and our recent partnership with the South
Pole to offset all our greenhouse gas emissions in 2021.
Disclaimer
This announcement contains forward-looking statements. These
statements relate to the future prospects, developments and
business strategies of Hostelworld. Forward-looking statements are
identified by the use of such terms as "believe", "could",
"envisage", "estimate", "potential", "intend", "may", "plan",
"will" or variations or similar expressions, or the negative
thereof. Any forward-looking statements contained in this
announcement are based on current expectations and are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by those statements. If
one or more of these risks or uncertainties materialize, or if
underlying assumptions prove incorrect, Hostelworld's actual
results may vary materially from those expected, estimated or
projected. Any forward-looking statements speak only as at the date
of this announcement. Except as required by law, Hostelworld
undertakes no obligation to publicly release any update or
revisions to any forward-looking statements contained in this
announcement to reflect any change in events, conditions or
circumstances on which any such statements are based after the time
they are made.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DOCEAFFAAAEAFAA
(END) Dow Jones Newswires
November 23, 2022 02:00 ET (07:00 GMT)
Hostelworld (LSE:HSW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hostelworld (LSE:HSW)
Historical Stock Chart
From Apr 2023 to Apr 2024
