2022 Preliminary Results
22nd March 2023
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Highlights
Key Highlights
2022 a year of significant recovery and strategic progress:
- EBITDA positive in line with market guidance
- Strong recovery in demand as Omicron impact receded
- Launched innovative and differentiated 'Social' strategy
- Continued cost discipline
- Continued progress in ESG agenda
Well positioned for further profitable growth:
- Strong start to Q1 with positive trends continuing
- Differentiated growth strategy continuing to deliver
- Building more value into the Social Network through enhanced features
- Refinancing process underway which will significantly reduce finance costs
- Asset light, highly cash generative business model
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FY 2022 - Financial Summary
€470M | €69.7M | 4.8M |
Net GMV1 | Net Revenue2 | Net Bookings |
+303% vs FY21 | +312% vs FY21 | +228% vs FY21 |
-4% vs FY19 | -14% vs FY19 | -30% vs FY19 |
€14.90 | 7.7M | 17.4M |
Net ABV | Total Travellers (PAX) | Net Bednights |
+23% vs FY21 | +220% vs FY21 | +223% vs FY21 |
+24% vs FY19 | -31% vs FY19 | -26% vs FY19 |
59% | €1.3M | €19.0M | |
Marketing as % of | EBITDA | Cash3 | |
Revenue | FY21: 76% | FY21: -€17.3M | Dec '21: €25.3M |
FY19: 37% | FY19: +€20.5M | Dec '19: €19.4M |
- Net GMV is gross transaction value less cancellations.
- Net Revenue is gross revenue less cancellations, deferred revenue, rebates and accounting adjustments
- Net debt of €12.2m in FY22 (€2.9m in FY21), €30m debt facility drawn down in February 2021. Net debt including warehoused payroll taxes of €21.6m in FY22 (€11.0m in FY21)
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Disclaimer
Hostelworld Group plc published this content on 22 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2023 07:10:01 UTC.