Hostelworld Group’s Post

📈💥🎯   We're off to a strong start early in the year. Here's some of the highlights 👀:   1. Record level of revenue in Q1 2023. 2. We expect bookings and revenue to grow by 30% over 2022. 3. We expect adjusted EBITDA to be in the range of €16.5m to €17m for the full year. 4. We have fully refinanced our legacy €30m term loan facility 5. We have agreed a new 3-year €20m facility with AIB, comprised of a €10m term loan, a €7.5m RCF and an undrawn €2.5m overdraft. "This new facility, with materially lower interest costs, significantly strengthens our balance sheet, represents a strong endorsement of our post-pandemic performance, and consolidates the firm foundations upon which we will drive profitable growth and create shareholder value.".   -Michael Cawley, Chairman of Hostelworld   Full RNS here: https://lnkd.in/dVGQYeTd Full article here: https://lnkd.in/deEjKaky