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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
Dentons Global Advisors
Jonathon Brill / James Styles Tel: +44 (0)20 7664 5095
Email: Hostmore@dentonsglobaladvisors.com
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