2021 Preliminary Results

FY 2021 - Significant Developments

  • • Recovery picked up as travel restrictions eased and confidence returned

  • • Growth accelerated in key destinations where borders reopened

  • • Temporary Omicron setback in final 6 weeks of trading…. experienced a strong start to 2022

  • • Improved core business competitiveness through focused investments in marketing capabilities, user experience, inventory competitiveness and platform modernisation

  • • €7m of operating costs removed compared to FY 2019

  • • Year end cash of €25.3m

  • • Strong balance sheet and liquidity going into 2022 - with capital to invest to accelerate growth

  • 1 Operating costs excludes paid marketing and below EBTIDA cost line items

    FY 2021 - Financial Summary

  • 2 Net debt of -€2.9m includes €28.2m of borrowings relating to a €30m debt facility drawn down in February 2021. FY20 net debt of €17.0m includes €1.2m relating to a short-term invoice financing facility

Steady recovery throughout the year - Omicron impacted Nov/Dec trading

Weekly net revenue1 and net bookings1

(as a % of 2019 2)

  • 1 Net revenue excludes the impact of deferred revenue and other adjustments. Net revenue and net bookings are reported on a Hostelworld brand only basis

  • 2 2019 figures used as pre-covid comparable

Regional recovery in bookings driven by easing of travel restrictions

Weekly net bookings1 by destination

(as a % of 2019 2)

  • 1 Net bookings are reported on a Hostelworld brand only basis

  • 2 2019 figures used as pre-covid comparable

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Hostelworld Group plc published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 08:15:04 UTC.