Hostelworld 2017 final results
Group Net Revenue increased by 8% to €86.7m (2016: €80.5M); 10% increase at constant currency
Average Booking Value ("ABV") of €11.6, flat on 2016 and up 2% at constant currency (2016: 4% decline);
Adjusted EBITDA increased by 10% to €26.4m (2016: €23.9m); 13% increase at constant currency
Adjusted EBITDA Margin consistent at 30% (2016: 30%)
Group Adjusted Profit after Tax up 12% to €21.7m (2016: €19.4m); 16% increase at constant currency
Reported Profit after Tax of €11.2m (2016: €0.8m)
Adjusted pro-forma Earnings Per Share of 22.73 euro cent per share (2016: 20.27 euro cent per share), an increase of 12%
Strong underlying adjusted free cash conversion of 81% (2016: 90%)
Cash balances of €21.3 m at 31 December 2017 (2016: €24.6m), after payment of €24.8m of dividends in the year ended 31 December 2017
Proposed 15% increase in final dividend of 12.0 euro cent per share (2016: 10.4 euro cent), resulting in full year dividend of 17.1 euro cent per share, in line with stated dividend policy
