Hostelworld Group PLC share prices fell after it reported that it expects weaker interim profit and flat revenue leading to a 12pc share drop to 123.96.. The company anticipates adjusted earnings before interest, tax, depreciation and amortisation of €7.4m for the first half of 2025, down 23pc from €9.6m the previous year.
Revenue for the period is expected to remain flat at €46.7m, with net bookings steady at 3.7m. Despite challenges, Hostelworld noted strong growth in its Asia division and increased demand for intra-European travel in June.
The company is reinstating a dividend policy of 20pc to 40pc of adjusted profit after tax, with an interim payment expected in the second half of the year.
Gary Morrison shared “trading over the last six months has been in line with expectations. Although trading in the first half showed mixed results across regions and channels, we are encouraged by the positive trends observed in June. While European bed prices have seen some deflation, this is helping to stimulate demand.”
