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Mar 26 2020, 07:10 GMT
Hostelworld
Cash conservation key in COVID-19 environment
- Sectors : Travel IT Services
- Companies : Hostelworld
DAVY VIEW
Hostelworld has maintained a well-capitalised, net-cash balance sheet since its listing, meaning it enters this crisis from a position of relative strength. Nonetheless, impactful measures – cancelling the 2019 final dividend, reducing variable and fixed costs – are required to support cash conservation and ensure that the company emerges from this period without lasting damage.
