Updates

Hostelworld - 10% rise in bookings

October 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Although shares in the online supplier of hostel accommodation had been weak due to the drip drip of various terrorist attacks, Hostelworld’s interims were ahead of forecast with H1 EBITDA of Eu12.9m beating Numis’ estimates by 14% and were 27% ahead of the previous year. After tax, profit increased 34% to Eu10.3m while eps was 11 cents (H1 ‘16: 8 cents).Growth came through an 11% rise in bookings and 3% increase in average booking value and with marketing spend broadly stable at Eu 4.97 per booking (2016: Eu 4.93), EBITDA margins rose as a percentage of net revenue from 25% to 28%. Meanwhile, the flagship Hostelworld brand now accounts for 92% group bookings versus 85% in H1 16, while mobile bookings continue to ...

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