REG - Hostmore PLC - Revised Results Publication Date & Trading Update

HostmoreAnnouncement

10/03/2023 07:00

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RNS Number : 5104S  Hostmore PLC  10 March 2023

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10 March 2023

 

Hostmore plc

Revised Results Publication Date & Trading Update

Hostmore plc (the "Company" and together with its subsidiaries the "Group")
indicated in an announcement on 10 January 2023 that its Preliminary Results
for the 52 weeks ended 1 January 2023 would be published on 16 March 2023. The
Group is currently in discussions with its lending banks to amend its existing
facilities.

This process is progressing well and the Company now expects it to conclude in
the first half of April. A further announcement confirming the new date of the
Preliminary Results will be made in due course whilst an update on the Group's
amended banking facilities will also be provided as part of the Preliminary
Results announcement.

The above matter is unrelated to recent trading, with the Company generating
VAT adjusted revenues (note 1) for the first nine weeks of the 2023 fiscal
year that are similar to 2022's comparable revenues. Related EBITDA and cash
flows are in line with current market expectations for the full year.

 

Note 1      VAT adjusted revenues reflects the adjustment to FY22 revenue
to remove the VAT rate benefit which was applicable during the first 13 weeks
to 3 April 2022

ENDS

Enquiries

Hostmore plc

Alan Clark, Chief Financial Officer

Email: enquiries@hostmoregroup.com (mailto:enquiries@hostmoregroup.com)

 

Dentons Global Advisors

Jonathon Brill / James Styles     Tel: +44 (0)20 7664 5095

Email: Hostmore@dentonsglobaladvisors.com
(mailto:Hostmore@dentonsglobaladvisors.com)

 

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