Hostelworld 2017 interim results
· Group Net Revenue increased by 16% to €46.6m (H1 2016: €40.2M); 17% increase at constant currency, benefiting from an increase in Average Booking Value of 3% (H1 2016: decrease of 6%);
· Adjusted EBITDA increased by 27% to €12.9m (H1 2016: €10.1m) adjusted EBITDA up 30% at constant currency
· Adjusted EBITDA Margin increased to 28% (H1 2016: 25%)
· Group Adjusted Profit after Tax of €10.3m (H1 2016: €7.7m)
· Adjusted pro-forma Earnings Per Share of €0.11 (H1 2016: €0.08)
· Underlying adjusted free cash conversion of 101% (H1 2016: 107%)
· Cash balances of €17.7m at 30 June 2017, after payment of 2016 Final and Supplementary dividends in June 2017
· Interim dividend of 5.1 euro cents per share (H1 2016: 4.8 euro cents), in line with stated dividend policy
· On track to meet the Board's expectations for the full year
