Notice of Results and Strategy Update

RNS Number : 2397A

Hostelworld Group PLC

20 January 2020

 

Hostelworld Group plc

("Hostelworld" or the "Group")

Notice of Results and Strategy Update

Hostelworld, the global hostel-focused online booking platform, today announces that its preliminary statement of annual results for the year ended 31 December 2019 will be published on 4 March 2020.

A Strategy Update will be provided on that day by management to Analysts and Investors which will include:

-     Preliminary results presentation

-     Detail on the progress on the Growth Roadmap detailed at the Capital Markets Day, which was held on 29 November 2018

-     Growth Strategy Update

-     Q&A Session

Gary Morrison, Chief Executive of Hostelworld, commented:

"We are pleased with the continued progress on the Growth Roadmap and can confirm the results for the full year to 31 December 2019 are in line with the Board's expectations. I look forward to discussing our Strategy Update on 4 March 2020."

Further details as to how to attend or dial into the presentation will be made available in due course via Hostelworld's website (www.hostelworldgroup.com) and Powerscourt whose contact details are provided below.

For further information please contact:

Hostelworld Group plc

Gary Morrison Chief Executive Officer

TJ Kelly Chief Financial Officer

Rudolf O'Kane Head of Commercial Finance

Tel: [phone]

Powerscourt [e-mail]

Lisa Kavanagh / Jack Hickey

Tel: [phone]

Disclaimer:

This announcement may contain forward-looking statements with regard to the financial position and results of Hostelworld's activities. Any forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Many of these risks and uncertainties relate to factors that are beyond Hostelworld's ability to control or estimate precisely. The risks and other factors which may affect financial performance are detailed in Hostelworld's publicly filed annual reports. Any forward-looking statements in this announcement are current only as of the date on which such statements are made. Hostelworld undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation.

 

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