Business
Final Results
Final Results.
About this update from Hostelworld Group Plc
[{"type":"text","content":"\n \nRNS Number : 1329U Hostelworld Group PLC 05 April 2016 \n\n \n \n \nHostelworld Group plc \n(\"Hostelworld\" or the \"Group\")\n \nPreliminary Results for the Year ended 31 December 2015\n \nHostelworld, the world's leading hostel-focused online booking platform, is pleased to announce its preliminary results for the year ended 31 December 2015. \n \nThese represent the Group's first results since its listing on the London and Irish Stock Exchanges in November 2015, raising a net €173.6 million. \n \nOperational Highlights \n \n· Successful re-launch of Hostelworld brand leading to accelerated growth of 17% (2014: 11% growth), with average growth in H2 of 21%, post brand re-launch; overall Group booking growth of 1%\n· Continued high level (58%) of Group bookings from not-paid-for channels (2014: 57%)\n· 21% of Hostelworld¹ bookings attracted higher commission using Elevate product (2014: 15%)\n· Continued development of responsive interfaces for all devices - desktop, tablet and mobile - with 41% of 2015 Hostelworld brand bookings from mobile devices (2014: 31%)\n· Good progress in emerging markets - Asia is the fastest growing destination region (+10%). South Korea is now the 7th highest nationality for Hostelworld brand bookings \n· Additional one million customer reviews and additional one million Hostelworld app downloads\n \nFinancial Highlights\n \n· Group revenue up by 5% to €83.45m (FY 14: €79.27m) \n· Average booking value up by 5% to €12.1 per booking\n· €8.5m increase in marketing investment for the year to €37.4m, including €3.2m Hostelworld Brand re-launch \n· Adjusted EBITDA for the year of €23.6m (2014: €27.0m), reflecting marketing investment\n· Adjusted EBITDA in the second half of the year increased to €13.6m compared to €10m in the first half of the year\n· Group Adjusted Profit after Tax of €21m (2014: €25.6m)\n· Adjusted pro-forma Earnings Per Share of €0.22 (2014: €0.27)\n· Continued strong underlying cash conversion\n· Maiden dividend of 2.75 euro cents ...