Hostelworld (GB:HSW) has released an update.
Hostelworld Group PLC has reported a robust first half of 2024, with a significant 9% year-on-year increase in net bookings, driving strong financial performance including an 88% rise in adjusted EBITDA and a substantial decrease in net debt. The company’s growth is attributed to its unique social strategy and disciplined cost management, which have also led to the early repayment of its AIB debt facility. Looking ahead, Hostelworld reaffirms its full-year earnings guidance, expressing confidence in its growth strategy amid a positive outlook.
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