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Oct 15 2024, 08:27 IST/BST
Hostelworld
Q3’24 update – FY24 aEBITDA guide maintained
- Sectors : Travel IT Services
- Companies : Hostelworld
DAVY VIEW
Hostelworld released a trading update this morning for the year to date (ytd) to September 30th. Net revenue trends remain similar, but continued cost management improvements led to a strong aEBITDA margin of 25%. The group is now net cash positive (€0.9m) with bank debt repaid in full. Management maintained its FY24 aEBITDA guidance in line with market consensus (€21.6m) and will provide an update on capital allocation policy at its full- year results.
