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Investegate |Tribal Group PLC Announcements | Tribal Group PLC: Director/PDMR Shareholding


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Tribal earnings slip on pandemic hit to revenue | 17 March 2021


17 March 2021 | 07:36am
StockMarketWire.com - Education software provider Tribal swung to a full-year profit on lower one-off costs, though its underlying earnings fell on lower sales.
Pre-tax profit for the year through December amounted to £8.5 million, compared to a year-on-year loss of £2.9 million owing to the cost of a 'platform dispute'.
Revenue fell 6.6% to £782 million and adjusted operating profit fell 3.2% to £14.9 million.
Tribal declared a final dividend of 1.2p, in addition to a previous one-off interim dividend of 1.1p, which replaced the cancelled 2019 proposed final dividend.
'We have entered the current financial year with increased levels of revenue visibility,' chief executive Mark Pickett said.

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TRADING UPDATES: Hostelworld dives to loss; Centaur reinstates payout


TRADING UPDATES: Hostelworld dives to loss; Centaur reinstates payout
Wed, 17th Mar 2021 12:30
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Hostelworld Group PLC - online booking platform focused on the hostel market - Revenue for 2020 crashes to EUR15.4 million from EUR80.7 million and firm swings to massive pretax loss of EUR50.5 million from 2019's profit of GBP3.0 million. Takes impairment of EUR15.0 million on its intangible assets associated with Hostelbookers and Hostelworld.com. Full year net booking volumes declined by 79%. Says 2020 was an "extremely challenging" year for both the company and global travel industry in light of the pandemic. "While the near-term outlook for the travel industry remains challenging and highly uncertain, we continue to expect the pace of recovery to be driven by changes in travel guidance in individual markets, which we hope to see accelerate as vaccination programmes are rolled out across our key geographies. Given the continued uncertainty relating to the timing of the recovery, the Group is unable to provide guidance for FY2021," company says.

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Tribal earnings slip on pandemic hit to revenue


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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Tribal 'confident' after strong sales in trading update


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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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Investegate |Tribal Group PLC Announcements | Tribal Group PLC: Kings College London Contract Win


Mark Pickett, Chief Executive Officer
Paul Simpson, Acting Chief Financial Officer
Ken Lewis, Company Secretary
Tel: +44 (0) 20 7597 5970
Sara Hale, Virginia Bull, Will Godfrey 
N+1 Singer Capital Markets Limited
 
(Joint Broker)
Tel: +44 (0) 20 7496 3000 
Shaun Dobson, Tom Salvesen, Alex Bond,
Alma PR
Caroline Forde, Robyn Fisher, Josh Royston, Molly Gretton
 
 
Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio includes Student Information Systems; a broad range of education services covering quality assurance, peer review, benchmarking and improvement; and student surveys that provide the leading global benchmarks for student experience. Working with Higher Education, Further and Tertiary Education, schools, Government and State bodies, training providers and employers, in over 55 countries; Tribal Group's mission is to empower the world of education with products and services that underpin student success.

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