Revised Results Publication Date & Trading Update

RNS Number : 5104S

Hostmore PLC

10 March 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

10 March 2023

Hostmore plc

Revised Results Publication Date & Trading Update

Hostmore plc (the "Company" and together with its subsidiaries the "Group") indicated in an announcement on 10 January 2023 that its Preliminary Results for the 52 weeks ended 1 January 2023 would be published on 16 March 2023. The Group is currently in discussions with its lending banks to amend its existing facilities.

This process is progressing well and the Company now expects it to conclude in the first half of April. A further announcement confirming the new date of the Preliminary Results will be made in due course whilst an update on the Group's amended banking facilities will also be provided as part of the Preliminary Results announcement.

The above matter is unrelated to recent trading, with the Company generating VAT adjusted revenues (note 1) for the first nine weeks of the 2023 fiscal year that are similar to 2022's comparable revenues. Related EBITDA and cash flows are in line with current market expectations for the full year.

Note 1      VAT adjusted revenues reflects the adjustment to FY22 revenue to remove the VAT rate benefit which was applicable during the first 13 weeks to 3 April 2022

ENDS

Enquiries

Hostmore plc

Alan Clark, Chief Financial Officer

Email: [e-mail]

Dentons Global Advisors

Jonathon Brill / James Styles   Tel: [phone]

Email: [e-mail]

 

END

 

 

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