HBX Group shares slide on 2025 guidance trim

HBX International

30/07/2025 08:29

** Shares in Spanish travel tech company HBX Group HBX.MC slide about 16% after the group trimmed its full-year guidance as a result of the macroeconomic backdrop and a weaker U.S. dollar

** The owner of the Hotelbeds brand downgraded its expected 2025 revenues to between 720 million and 740 million euros ($831-$854 million) from a previous guidance of 740 million to 790 million euros

** It also revised down its total transaction value, now expected to grow by 6% to 9% instead of the 10% to 16% projected at the initial public offering in February

** Shares have failed to pick up since the company's February debut and are now down 15% from the initial public offering price

** Shares are on track for their worst day ever

($1 = 0.8661 euros)

 (Reporting by Javi West Larrañaga)

 ((javier.west@thomsonreuters.com; +34 918 35 61 12))