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Hyve expects to report £10m revenue in H1 as Retail Meetup performance tops expectations | 8 April 2021


8 April 2021 | 09:59am
StockMarketWire.com - Global events business Hyve said it expected revenue for the first half to be approximately £10 million boosted by the better-than-expected of Retail Meetup, which was acquired in December 2020.
Revenue from Groceryshop Spring Meetup is expected at more than 10% ahead of expectations.
In March, £15.9 million of further insurance claims have been approved, £5.0 million in respect of FY20 events and £10.9 million in respect of FY21 events, the company said.
To date insurance proceeds totaled £71.0 million, £22.0 million of which was received in FY20 and £49.0 million of which has been received or confirmed in FY21.
H1 2021 net debt is expected to be approximately £92m. ....

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Hyve Group completes Central Asia exit and secures further insurance payments


Hyve Group completes Central Asia exit and secures further insurance payments
April 8, 2021
UK-based exhibition organiser Hyve Group plc has, 8 April, announced a trading update ahead of its interim results for the six months ended 31 March 2021, which will be announced on 18 May 2021.
 
Trading
In the first half of FY21 the Group ran 12 in-person events, held in Turkey, Russia, Ukraine, China and most recently in India. This brings the total number of events run since the onset of the pandemic to 24. Hyve noted that, while domestic attendance remains high, events were running at a significantly reduced scale given the ongoing international travel restrictions in place due to Covid-19. ....

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Hyve expects to report £10m revenue in H1 as Retail Meetup performance tops expectations


A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
1. Obtains access to the information in a personal capacity;
2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; ....

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