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Pin to quick picksHostelworld Share News (HSW)

Share Price Information for Hostelworld (HSW)

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Share Price: 160.50
Bid: 159.00
Ask: 160.50
Change: 4.00 (2.56%)
Spread: 1.50 (0.943%)
Open: 159.50
High: 160.50
Low: 158.50
Prev. Close: 156.50
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EARNINGS UPDATES: Zoo Digital swings to annual profit as revenue jumps

Thu, 10th Aug 2023 14:26

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Zoo Digital Group PLC - provider of end-to-end cloud-based localisation and media services to the entertainment industry - Hails "another year" of "significant progress" as it swings to a pretax profit of USD7.9 million in the year ended March 31 from a loss of USD211,000 the year prior. Revenue rises 28% to USD90.3 million from USD70.4 million the previous year. Notes revenue was "strongly" weighted to the first half of its financial year. Expects to deliver revenue growth in the financial years ahead. Guidance for financial 2024 remains unchanged and its 2023 strategy remains on track. Acknowledges industrial action by writers and actors in the US, says this is causing a delay in completing new programmes which, in turn, is temporarily having an impact on the current volume of localisation and media services work on new titles that are being commissioned.

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Hostelworld Group PLC - online travel agent focused on the hostel market - Says it is "delighted" to report "record" revenue in the first half of the year amid strong bookings growth. Pretax loss in the first half of 2023 totals EUR7.1 million, narrowed significantly from a loss of EUR14.7 million the previous year. Revenue in the half rises 64% to EUR45.8 million from EUR28.0 million. Net bookings total 3.4 million, up 62% from 2.1 million the year prior. Looking forward, remains confident in the "long-term resilience" of its business model and reiterates adjusted earnings guidance in the range of EUR16.5 million to EUR17 million in 2023. In 2022, adjusted earnings before interest, tax, depreciation and amortization totalled EUR1.3 million.

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Argo Group Ltd - AIM-listed alternative investment manager offering an investment platform in global emerging markets - Says it was profitable in the first six months of 2023, mainly due to the positive performance of its investment in The Argo Fund. Records a pretax profit of USD121,000 in the half, swung from a loss of USD3.5 million the year prior. Revenue in the half rises 19% to USD1.5 million from USD1.3 million. Says emerging markets continue to be adversely affected by inflation and higher interest rates, but notes there are signs that disinflation and lower rates have already started ahead of developed markets.

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Ocean Wilsons Holdings Ltd - Bermuda-based investment holding company which, through its subsidiaries, holds a portfolio of international investments and operates a maritime services company in Brazil - Swings to a pretax profit of USD58.3 million in the first half of 2023 from a loss of USD9.7 million the year prior. Revenue in the half climbs 19% to USD229.7 million from USD211.0 million. Says the result is a "clear affirmation" of both the "robust" business model at Wilson Sons and the "longer-term balanced wealth creation strategy" of its investment portfolio. Says its investment portfolio returned 4.5% over the first six months of 2023.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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29 Nov 2018 11:10

Hostelworld Expects Modest Growth In 2019 As Launches New Strategy

LONDON (Alliance News) - Hostelworld Group PLC on Thursday said it launched a "Roadmap for Growth" strategy after its bookings are expected to be flat year-on-year in 2018.The and

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27 Sep 2018 15:37

DIRECTOR DEALINGS: Hostelworld Chairman Cawley Purchases Shares

LONDON (Alliance News) - Hostelworld Group PLC said that Chairman Michael Cawley acquired 61,000 shares at a price of EUR2.55 per share on Thursday.It has not been disclosed how many shares

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21 Aug 2018 16:56

LONDON MARKET CLOSE: Pound, BHP Keep FTSE From Joining European Peers

LONDON (Alliance News) - The FTSE 100 on Tuesday lagged its European counterparts, the foreign earner-heavy index weighed down by a weaker dollar as well as losses for miner BHP on the of its

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21 Aug 2018 13:18

Tuesday broker round-up

(Sharecast News) - Aggreko: HSBC upgrades to buy with a target price of 1,050p.

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21 Aug 2018 11:55

LONDON MARKET MIDDAY: FTSE 100 Lags European Peers As BHP Weighs

LONDON (Alliance News) - Stocks in London were mixed at midday on Tuesday, with BHP Billiton weighing on the FTSE 100 as its interim results disappointed.However, boosting the FTSE a

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21 Aug 2018 11:19

Hostelworld Interim Profit Down As New Finance Chief Appointed

LONDON (Alliance News) - Hostelworld Group PLC said on Tuesday its interim profit nearly halved in the first six months of June due to a drop in revenue, despite a higher number of addition, the a

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21 Aug 2018 09:11

Hostelworld profits tumble as Europeans opt to stay home for summer

(Sharecast News) - Hostelworld said the hot weather seen across Europe of late had encouraged people to forego travel and stay at home during the all-important period.

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14 Aug 2018 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 15 August Admiral GroupHalf Year ResultsLookersHalf Year HoldingsHalf

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11 Jun 2018 12:56

Hostelworld Reports Limited Bookings Visibility For Peak Season

LONDON (Alliance News) - Hostelworld Group PLC Chairman Michael Cawley said Monday the company expects to have limited visibility on booking in the forthcoming peak season.In his annual the

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3 Apr 2018 16:03

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 4 April RenewiTrading statementNext Fifteen Communications GroupFull Year 5 (at

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2 Feb 2017 09:07

Thursday broker round-up

(ShareCast News) - Hostelworld Group: Berenberg upgrades to Hold from Sell with a target price of 210p. Bellway: Citi reiterates Neutral with a target price of 2540p. Ferrexpo: Deutsche Bank reiterates Buy with a target price of 230p. Zoopla Property Group: Deutsche Bank reiterates Hold with a tar

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2 Feb 2017 09:00

Berenberg upgrades Hostelworld on back of fx gains

(ShareCast News) - Berenberg upgraded Hostelworld to 'hold' from 'sell' and raised the price target from 206p to 210p. Despite the likelihood of the company to struggle for growth in the short term, the fall in the pound has provided a "significant valuation tailwind", according to the broker. La

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25 Jan 2017 08:37

Hostelworld Annual Results To Be In Line On Good Second-Half Bookings

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18 Jan 2017 16:07

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BROKER RATINGS SUMMARY: Goldman Slightly Less Negative On UK Grocers

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