Hyve Group (HYVE)

Sector:

Media

Index:

FTSE Small Cap

71.90p
   
  • Change Today:
      2.80p
  • 52 Week High: 115.00
  • 52 Week Low: 46.76
  • Currency: UK Pounds
  • Shares Issued: 291.64m
  • Volume: 61,919
  • Market Cap: £209.69m
  • RiskGrade: 353
  • Beta: 0.01

Hyve Group FY revenues surge

By Iain Gilbert

Date: Wednesday 05 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Global events business Hyve Group said on Wednesday that revenues had surged in the twelve months ended 30 September after running "a full schedule" of events outside China.
Hyve stated full-year revenues had shot up from £22.0m in 2021 to £122.0m in the 2022 trading year, after excluding revenues from discontinued operations in Russia, Ukraine, and Turkey, representing a more than 85% recovery on a pro-forma basis when compared to the 2019 trading year.

The London-listed group stated the speed of its recovery had "surpassed expectations" and, combined with strong like-for-like customer spend, demonstrated that demand for "high-quality market-leading events" was continuing to grow.

"This has resulted in another year of headline profitability with less reliance on insurance proceeds, which have reduced to £19.0m, and a return to positive headline EBITDA without insurance proceeds," said the company.

Positive trading momentum was also said to have continued as the group starts FY23, with forward bookings of approximately £68.0m giving it confidence in the year ahead.

Hyve also said it had entered into an agreement to sell its Turkish business, Hyve Fuarcılık Anonim Şirketi, and its subsidiaries for up to £8.0m to ICA Limited. The group will receive £2.0m upon completion, less customary working capital adjustments, and between £4.0m and £6.0m of deferred consideration, payable over the six-year period ending December 2028.

As of 0920 BST, Hyve shares were up 12.04% at 56.02p.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hyve Group Market Data

Currency UK Pounds
Share Price 71.90p
Change Today 2.80p
% Change 4.05 %
52 Week High 115.00
52 Week Low 46.76
Volume 61,919
Shares Issued 291.64m
Market Cap £209.69m
Beta 0.01
RiskGrade 353

Hyve Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.41% above the market average12.41% above the market average12.41% above the market average12.41% above the market average12.41% above the market average
48.00% above the sector average48.00% above the sector average48.00% above the sector average48.00% above the sector average48.00% above the sector average
Price Trend
47.07% below the market average47.07% below the market average47.07% below the market average47.07% below the market average47.07% below the market average
25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% below the sector average25.93% below the sector average
Income
16.75% below the market average16.75% below the market average16.75% below the market average16.75% below the market average16.75% below the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average
Growth
17.61% above the market average17.61% above the market average17.61% above the market average17.61% above the market average17.61% above the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hyve Group Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Jan-20 20-Jun-19
Paid 03-Feb-20 01-Aug-19
Amount 1.60p 0.90p

Trades for 09-Feb-2023

Time Volume / Share Price
10:40 1,050 @ 70.90p
10:40 1,297 @ 71.90p
10:40 1,532 @ 70.50p
10:40 20 @ 71.90p
10:40 100 @ 70.60p

Hyve Group Key Personnel

CEO Mark Shashoua

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