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Davy Research

Hostelworld

FY23 in line, outlook reads positively

Mar 21 2024, 08:40 GMT
Paul Ruddy
Ciaran O'Flynn
Company Report
6 page(s)

Sectors : Travel IT Services

Companies : Hostelworld

Ratings and price correct at time of issue.

Hostelworld

Closing Price: 171.0p
RATING 15/12/15
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Paul Ruddy

Analyst

Person's Name

Ciaran O'Flynn

Analyst

DAVY VIEW

Hostelworld delivered FY23 numbers in line with the guidance provided at its post-close stage and our forecasts. The group performed strongly in 2023, growing revenues and market share and delivering operating leverage. Current trading and outlook are the key focus today, with the group highlighting that it has started the year with strong momentum.

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Mar 21 2024, 08:40 GMT