Hyve Share Discussion Threads

[southernsong] 12/1/2023 18:06

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[southernsong] 12/1/2023 18:05

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[southernsong] 12/1/2023 18:02

It's a good brand and in many cases is now producing the leading events in each market sector. It's also well-established and with repeat / returning customers.

The debt is now lowering - meaningfully - with lump sums due to the company which we've told will be used to reduce the figure further. In any case, all debt has been successfully restructured and it out of the way till August 2026.

The main thing however is that unlike many businesses HYVE is GROWING...and at a very good rate. We can already see that it looks like they're going to hit it out of the park in 2023 and that's even before China comes back online, or before any of the new product launches have been announced.

As I've previously posted, the opportunity for growth in the US, via Fintec and Groceryshop events is off the scale. Shoptalk in Europe is generally regarded as Europe's Greatest retail show (20K plus retailers and growing).

The shares have started to move upwards, but there is still a long way to go till the share price reaches those levels seen just before Russia started to misbehave. The decisive response from management here was impressive, as has been the continued transformation in 2022. The price is still lagging behind however and there is plenty of headroom imho.

Basically it's a better company now, than it was a year ago, yet we are trading at a lower valuation...and just as we enter a year which should see an overall improvement in the macroeconomic situation too.

Charts are shaping up nicely with a classic golden cross very much on the horizon here.

[niggle] 11/1/2023 13:00

Assets £69m
Liabilities £291m

Good luck with that then!

This company is carrying £336m of Goodwill and Intangibles.

[southernsong] 11/1/2023 12:37

Volume looks as though it's about to pick up here.

The MM's seem to have their own spread they work to before they're finally forced to move the mid price up.

120p remains the initial target here, but I think by the time we've reached that, the company will have updated the market and I reserve the right to upgrade :O)

Imo we can expect:

1) A trading update early February.

2) New product launches (more fintec and retail tech into the US (?).

3) Two Investor Events in March.

As I've previously posted, HYVE was happily trading well above 100p before the Russian invasion. Since then they have answered any concerns regarding the Russian / Ukraine market emphatically and more generally the business has since had almost a year of continued transformation.

The market is late to cotton on here but it's going back to 100+ imho.

ADYOR etc.

[southernsong] 11/1/2023 11:11

58K buyer at 83p - Welcome aboard.

[southernsong] 11/1/2023 08:08

After an incredibly quiet day yesterday an interesting 5M worked trade just appeared at 79.5p - the largest trade to appear here for some time. Suspect we will hear more about this soon enough.

[southernsong] 08/1/2023 15:36

Yes One_Frankel....absolutely still holding all of my HYVE and was busy adding to MARS on Friday (other longs are adding there too - see last two RNS').

I think we'll get a trading update at HYVE around the beginning of February (the AGM for the year ended 30th Sept is set for Tuesday 3rd). Also note that there are two Investor Days scheduled in March (one in London and one in Las Vegas).

We already know that moving into Financial year 2023, the order book was looking superb. What's worth noting are the figures given in both the Pre-Close RNS of 5th October (which shows the forward order book sitting at some £68M) and contrasting this with the RNS of 13th December (which I've copied below), which shows that the order book had risen to some £98 Million).

There are no two ways about it, that really is excellent organic growth and what is so impressive is that it has come with the elimination of the Russian and Ukraine markets (for obvious reasons) and STILL with the Chinese market yet to fully reopen.

The Far East is no longer a main focus for HYVE as it has proven, quite brilliantly, just how well it can do from repositioning itself into established Western markets. But China, when it does reopen, will, I'm sure, provide a further significant boost to revenues on top of what we are already seeing.

The big driver for 2023 could come from the USA via the ShopTalk / RetailTech and Fintech Meetup products. Currently the USA generates approx 30% of HYVE's revenues and as a relatively new player there what with their acquisition, you feel as though they have barely scratched the surface. The CEO has already stated that demand in the US was basically oversubscribed....so I am certain we will see massive upside in the US and perhaps this market is where we will see the likely 'new product launches' that are mentioned in recent RNS.

Fintech and Retail/Shoptalk is where it is at in the US. The opportunity for expansion into both of those areas is vast.

By any measure however, and on the early signals we've been given for 2023...you would have to say that it's looking like a record year ahead. And the restructuring of the debt (which is now reducing, meaningfully) with a new facility to Aug 2026 ads further reassurance.

The CEO has stated on more than one occasion that the recovery of the business has been rapid and quicker than anticipated. It is the market which is slow to catch up here and although the share price is starting to recover, it is not yet even at the pre Russian invasion slump which occurred in March....the concerns around which the company has since answered emphatically.

I think this is a solid buy and hold and I can see us back to 120p - 140p over the coming months. It could well move through that if the growth in 2023 is maintained and the new products (particularly into the US) launch successfully.

If it continues to creep up as it has been that is fine. Likewise I am happy and prepared to take more should it pull back at any point.

All my opinion only so NAI and ADYOR etc.






Hyve Group PLC Preliminary Results
13/12/2022 7:00am

Hyve (LSE:HYVE)
Historical Stock Chart
From Dec 2022 to Jan 2023
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TIDMHYVE

RNS Number : 5080J

Hyve Group PLC

13 December 2022

13 December 2022

Hyve Group plc

("Hyve" or the "Group")

FY22 Preliminary Results

Fast pace of recovery delivered strong performance

Transformation concluded: Platform for growth established

-- Hyve is now unrecognisable from its form in 2017, with a streamlined and de-risked portfolio of global, market-leading events and almost 95% of revenue now in advanced economies

-- Full schedule of FY22 events ran outside China delivering revenue of GBP122.5m (2021: GBP21.8m(1) ) with a number events outperforming pre-COVID-19 levels

-- 110%(2) revenue recovery compared to pre-COVID-19 levels in the second half and 90%(2) revenue recovery for FY22, on a pro forma basis after excluding China(3)

-- Headline profit before tax of GBP11.5m (2021: GBP13.9m(1) )
-- Headline EBITDA of GBP23.7m (2021: GBP28.0m). Excluding the impact of insurance proceeds of GBP19.3m (2021: GBP65.0m), headline EBITDA has increased by GBP41.4m to GBP4.4m (2021: loss of GBP37.0m(1) )

-- Headline diluted earnings per share of 4.2p (2021: 4.9p(1) )
-- Positive cash generation resulted in adjusted net debt of GBP71.0m (2021: GBP79.9m) at the lower end of the GBP70-90m guidance range from the beginning of FY22

-- As a result of the GBP135 million refinancing completed in October 2022, the Group has a strengthened balance sheet with facilities committed to Autumn 2026 and the financial security to drive further organic growth

-- Entering 2023 with momentum and good visibility of earnings through strong forward bookings of GBP98m (FY22: GBP67m(1) )

Mark Shashoua, CEO of Hyve Group plc, commented:

"2022 has been a year of significant achievements for Hyve as we drew a line in the sand on the past. The business is unrecognisable from its form in 2017. We have successfully delivered on our ambitious structural transformation and today's results show the significant progress we have made delivering an industry leading recovery and performance. This is a testament to the hard work of everyone at Hyve and I want to express my sincere thanks to our whole team.

"Our portfolio of market-leading events is now de-risked, with almost 95% focused on advanced economies with an emphasis on digital-ready growth sectors. The most significant change to our portfolio during the year was the sale of the Russian business following Russia's invasion of Ukraine. I am pleased that we were able to find an outcome which answered our compliance with sanctions and moral obligations, while also offering stability to our 200+ former Russian colleagues and providing the best opportunity to realise value for the business.

We continue to invest in our digital diversification and product extensions to deliver the highest quality customer experience and unbeatable return on investment. Hyve now has a strong platform from which to deliver growth and sustainable long-term value.

"While we are mindful of the global economic headwinds, we are reassured by the strong visibility of future earnings, cash generative business model and forward bookings of GBP98m. We continue to see customers choosing market leading events even in times of economic downturn, as evidenced by double-digit growth in like-for-like customer spend for the third consecutive year going into 2023.

[one_frankel] 06/1/2023 14:51

Hyve certainly likes to suprise buddy but I'm certainly enjoying seeing it!

[southernsong] 03/1/2023 10:40

Happy New Year HYVE holders....and thank you One_Frankel I will take a look.

RNS out. Note AGM date. I expect a further update on trading at around that time.


Hyve Group PLC Publication of Annual Report and Notice of AGM
03/01/2023 10:30am
UK Regulatory (RNS & others)

Hyve (LSE:HYVE)
Intraday Stock Chart

Tuesday 3 January 2023
Click Here for more Hyve Charts.
TIDMHYVE

RNS Number : 4978L

Hyve Group PLC

03 January 2023

3 January 2023

Hyve Group plc

("Hyve" or the "Company")

Publication of Annual Report and Notice of Annual General Meeting

Hyve Group plc today announces that its Annual Report for the financial year ended 30 September 2022 and the Notice of Meeting for the 2023 Annual General Meeting are available to view on the Company's website at www.hyve.group .

In accordance with Listing Rule 9.6.1 a copy of the Annual Report, the Notice of Meeting and the Proxy Form have been submitted to the National Storage Mechanism and will shortly be available for inspection at hxxps://data.fca.org.uk/#/nsm/nationalstoragemechanism ; printed copies will be posted to shareholders on Tuesday 3 January 2023.

The Annual Report has been prepared using the single electronic reporting format specified in the TD ESEF Regulation.

The Company's Annual General Meeting for the financial year ended 30 September 2022 will be held on Wednesday 1 February 2022 at 9.00 a.m. at the Hyve Group plc offices, 2 Kingdom Street, London W2 6JG.

[one_frankel] 30/12/2022 20:52

Absolutely SouthernSong as it wouldn't be prudent to sell so prematurely when it's only beginning to get all its eggs in a row but to be fair I did buy just under 70!

...I tend to stay away from the UK for opportunities but if you like to consider the US, keep your eye on both Nio (huge growth in South East Asia alone) and Fluence (Energy storage solutions will be a much needed commodity in future)...

All the very best for the new year and beyond my dear compadre!

[southernsong] 30/12/2022 12:27

Hope you're still in and enjoying the ride here One_Frankel. The recovery continues and it is very valid and well deserved. Quality CEO. Quality company. He has done a fantastic job in 2022. Nearing a breakout here and as I've posted for a while I expect these to be back over 100p as we move through the New Year. Huge opportunities remain - particularly in the U.S. which I feel is the most exciting market for HYVE - but of course in China too where the market is only just reopening. It's nice however to not be reliant on the Far East. The figures this company have produced prove that China is now the cherry on the cake and significant growth can be made from established markets in the West.

A solid add and hold......as is MARS imo - another decent recovery play I like the look of.

AIMO and NAI. So ADYOR etc.

[one_frankel] 14/12/2022 17:37

Well at least we're on the same side here buddy but undoubtedly a top recovery play for the future!...All the best man

[southernsong] 13/12/2022 22:41

You don't need to convince me OneFrankel..the results are excellent and the forward order book is already rammed. Another year of double digit growth is on the cards.....with China still yet to open. The early growth seen in the US market is also incredibly encouraging you kind of feel HYVE have barely tapped into that yet.

Good and polished presentation today. I imagine this is one CEO who now sleeps well at night. To ride out the shock when Covid hit (look at the graph from 2020) and to have restructured the group in the way he has shows great ability and leadership.

This is a top recovery play imho. I rate it a buy and hold.

AIMO and NAI. So ADYOR etc.

[one_frankel] 13/12/2022 16:50

A decent prospect is building here SouthernSong and with a truly competent BoD who can adapt as they go long so half the battles already won for the shareholder here...And as results continue to be absorved by the market, valuations will surely reevaluate in due course!

[one_frankel] 13/12/2022 16:42

It seems my resident troll BoxerMugzis is still hurting after he was disclosed as a blatant fra_ud folks impersonating some HNW on the Pires thread and now can't quite accept that noone pays much attention to some utter irrelevance, oops!

[boxerdogz] 13/12/2022 14:21

One_Frankel12 Dec '22 - 16:49 - 501 of 504
0 1 0
Preliminary results out tomorrow but the way the travel sector has fully opened up now should bode well for Hyve's global events, a very interesting scenario coming together for tomorrow!

Listen to this loser at your peril

lololol

[southernsong] 13/12/2022 07:55

Hyve Group PLC Preliminary Results
13/12/2022 7:00am
UK Regulatory (RNS & others)

Hyve (LSE:HYVE)
Intraday Stock Chart

Tuesday 13 December 2022

Click Here for more Hyve Charts.
TIDMHYVE

RNS Number : 5080J

Hyve Group PLC

13 December 2022

13 December 2022

Hyve Group plc

("Hyve" or the "Group")

FY22 Preliminary Results

Fast pace of recovery delivered strong performance

Transformation concluded: Platform for growth established

-- Hyve is now unrecognisable from its form in 2017, with a streamlined and de-risked portfolio of global, market-leading events and almost 95% of revenue now in advanced economies

-- Full schedule of FY22 events ran outside China delivering revenue of GBP122.5m (2021: GBP21.8m(1) ) with a number events outperforming pre-COVID-19 levels

-- 110%(2) revenue recovery compared to pre-COVID-19 levels in the second half and 90%(2) revenue recovery for FY22, on a pro forma basis after excluding China(3)

-- Headline profit before tax of GBP11.5m (2021: GBP13.9m(1) )
-- Headline EBITDA of GBP23.7m (2021: GBP28.0m). Excluding the impact of insurance proceeds of GBP19.3m (2021: GBP65.0m), headline EBITDA has increased by GBP41.4m to GBP4.4m (2021: loss of GBP37.0m(1) )

-- Headline diluted earnings per share of 4.2p (2021: 4.9p(1) )
-- Positive cash generation resulted in adjusted net debt of GBP71.0m (2021: GBP79.9m) at the lower end of the GBP70-90m guidance range from the beginning of FY22

-- As a result of the GBP135 million refinancing completed in October 2022, the Group has a strengthened balance sheet with facilities committed to Autumn 2026 and the financial security to drive further organic growth

-- Entering 2023 with momentum and good visibility of earnings through strong forward bookings of GBP98m (FY22: GBP67m(1) )

Mark Shashoua, CEO of Hyve Group plc, commented:

"2022 has been a year of significant achievements for Hyve as we drew a line in the sand on the past. The business is unrecognisable from its form in 2017. We have successfully delivered on our ambitious structural transformation and today's results show the significant progress we have made delivering an industry leading recovery and performance. This is a testament to the hard work of everyone at Hyve and I want to express my sincere thanks to our whole team.

"Our portfolio of market-leading events is now de-risked, with almost 95% focused on advanced economies with an emphasis on digital-ready growth sectors. The most significant change to our portfolio during the year was the sale of the Russian business following Russia's invasion of Ukraine. I am pleased that we were able to find an outcome which answered our compliance with sanctions and moral obligations, while also offering stability to our 200+ former Russian colleagues and providing the best opportunity to realise value for the business.

We continue to invest in our digital diversification and product extensions to deliver the highest quality customer experience and unbeatable return on investment. Hyve now has a strong platform from which to deliver growth and sustainable long-term value.

"While we are mindful of the global economic headwinds, we are reassured by the strong visibility of future earnings, cash generative business model and forward bookings of GBP98m. We continue to see customers choosing market leading events even in times of economic downturn, as evidenced by double-digit growth in like-for-like customer spend for the third consecutive year going into 2023.

Your browser does not support HTML5 video.

1 Results for the year ended 30 September 2021 have been restated for the treatment of the Russian, Ukrainian and Turkish businesses as discontinued operations as disclosed in note 12 to the consolidated accounts.

2 As no events were able to run in China in the year, FY22 China revenues were GBPnil. The FY19 revenues for China have been removed to show the recovery level of events that were able to run during the year.

3 Recovery is assessed with reference to pro forma FY19 revenues. The FY19 revenues have been adjusted to include the FY19 results of acquisitions made since September 2019 and to exclude the FY19 results of businesses that have since been disposed of. The FY22 revenues are after excluding discontinued operations in respect of Russia, Ukraine and Turkey.

Strategic and operational highlights


-- Successfully completed portfolio transformation with
full return of events outside China and strong performance
across all KPIs

-- Streamlined and de-risked portfolio, focused on advanced
economies following disposals of Russia, Ukraine, Turkey,
Indonesia and ABEC

-- Growing omnichannel portfolio strengthened by acquisitions
and successful integration of 121 Group and Fintech Meetup

-- NPS scores well above industry average and pre-COVID-19
levels

-- Organic growth being driven through product extensions
such as Ahead by Bett, Shoptalk Europe and Green Energy
Africa and the launch of full-scale meeting programmes
following successful trials in FY22

-- Meaningful progress in embedding ESG strategy across
the business

Outlook


-- Strong forward bookings and customer like-for-like spend
with FY23 on track to be the third consecutive year of
double-digit growth, providing good visibility and confidence
in the year ahead

-- Clear demand for Hyve events with further new launches
planned in 2023

-- Proportion of tech-enabled revenues expected to grow
as multiple full-scale tech-enabled meetings programmes
are rolled out

-- Planned investments into growth initiatives to scale
up tech-enabled meeting programmes will have a positive
impact on revenue and profitability

-- Well positioned to deliver operating profit margin growth
to ahead of pre-COVID-19 levels over the medium term

Results presentation

There will be an analyst and investor presentation via webcast hosted by Mark Shashoua, Chief Executive Officer and John Gulliver, Group Finance and Operations Officer at 9:15am (GMT) today.


Webcast link: hxxps://kvgo.com/IJLO/Hyve_FY22_Preliminary_Results_Announcement
Dial in number(s): UK-Wide: [phone]
UK Toll Free: 0808 109 0700
New York New York: [phone]
USA Toll Free: 1 866 966 5335
Password: Quote 'Hyve' when prompted by the operator

[southernsong] 13/12/2022 07:54

Results out and just as good as we thought.

Lots of good things to be chewed over re. 2022 but looking ahead from here there are
two big takeaways going forwards:

1) 2023 Forward bookings are already at a massive £98M

2) Consider that the figures for FY 22 include virtually nothing from China. And as we know, as of last week, China has finally signalled the end of it's ludicrous zero Covid policy and the country is now being rapidly opened up once again.

[southernsong] 13/12/2022 00:05

Ever since Covid first hit, the CEO has rolled up his sleeves here and steered this company extremely well. I can genuinely say I'm impressed. Given the implications of Covid, back in 2020, you could probably not find a company more vulnerable to collapse than HYVE.

Tbf, the CEO has shown us what he is made of. The action has been swift and decisive.....with further good decision making since the pandemic eased and other crises came HYVE's way.

There has been a major shift in strategy and it has been very well handled.

As such, turnover has not only bounced back to where it was....but looks to be set to now grow faster and more sustainably than ever, what with a shift in geographic territories and a prudent split between face to face events and virtual event offerings.

Further, they are now appear to be on the cusp of serious traction in the US.

All in all extremely impressive and I expect HYVE to trend back over 100p in early 2023. It certainly deserves to.

I look forward to what analyst have to say tomorrow and will be listening in.

My view only so ADYOR and NAI.

[one_frankel] 12/12/2022 16:49

Preliminary results out tomorrow but the way the travel sector has fully opened up now should bode well for Hyve's global events, a very interesting scenario coming together for tomorrow!

[southernsong] 08/12/2022 15:45

FY results next week folks (along with the analyst call and Q&A session) and we already know the figures are going to look very good.....I think we will see some decent press regarding this companies recovery.

Hopefully they might add to what they said back in October with regards current trading:

"Positive trading momentum continues as the Group starts FY23, with forward bookings of approximately GBP68m giving confidence in the year ahead. This compares to GBP50m this time last year going into FY22[3], which included significant rollovers from events cancelled in FY21"

HYVE looks like its on a run back up to a three figure share price We'll see.

Was trending 100 - 150p prior to the Russian invasion......the impact of which this company appears to have negotiated extremely well with an almost entirely recovered headline T/O.

AIMO only and ADYOR as always. GLA.

[southernsong] 07/12/2022 10:25

The last trading update offers much encouragement.

Barely got a mention on here...



Hyve Group PLC Pre-close FY22 trading update and Turkey disposal
05/10/2022 7:00am
UK Regulatory (RNS & others)

Hyve (LSE:HYVE)
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From Sep 2022 to Dec 2022

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TIDMHYVE

RNS Number : 7809B

Hyve Group PLC

05 October 2022

5 October 2022

Hyve Group plc

("Hyve" or the "Group")

Pre-close FY22 trading update and Turkey disposal

Full revenue recovery in H2 and strong trading trajectory going into FY23

Hyve Group plc, the next-generation global events business, today announces a trading update for the year ended 30 September 2022, prior to entering its close period ahead of its preliminary results announcement.

The Group has delivered revenue for FY22 of approximately GBP122m (2021: GBP22m), after excluding revenues from discontinued operations in respect of Russia, Ukraine and Turkey, having successfully run a full schedule of events outside China in FY22. This represents more than 85% recovery on a pro-forma basis[1] when compared to FY19, or more than 90% excluding China where there remains considerable disruption to event schedules.

The speed of recovery has surpassed expectations and combined with strong like-for-like customer spend demonstrates that the demand for high-quality market leading events continues to grow. This has resulted in another year of headline profitability with less reliance on insurance proceeds, which have reduced to GBP19m (2021: GBP65m), and a return to positive headline EBITDA without insurance proceeds.

Many in-person events already outperforming their pre-COVID editions

The pace of in-person event recovery accelerated throughout FY22. Despite disruption caused by the Omicron variant in the first half of the year, revenue recovery compared to FY19 pro-forma revenues(1) was still approximately 75% in H1. This increased in the second half to approximately 100%, even without the Group's events in China in the final quarter of the financial year which did not take place due to COVID related restrictions.

In September, two of the Group's largest events, Autumn Fair (UK) and Groceryshop (USA), took place and both significantly outperformed their previous editions. Groceryshop performed especially well, reporting revenues more than 40% higher than its largest pre-COVID edition and attracting more than 3,000 attendees.

Expansion of omnichannel portfolio

During the financial year the Group made significant progress in the continued development of its omnichannel strategy, including the rollout of further tech-enabled meetings programmes at in-person events, as well as the delivery of several successful fully online programmes.

In addition, the strategic acquisitions of 121 Group and Fintech Meetup expanded the size and diversity of Hyve's omnichannel products.

The Group ran 14 tech-enabled programmes in FY22, compared with four in FY21. These include a combination of digitally powered meeting programmes at in-person events and fully online experiences.

GBP135m debt refinancing and year-end net debt at lower end of guidance

As announced on 3 October 2022, the Group has signed new debt facilities totalling GBP135m, comprising a GBP115m term loan and a GBP20m super senior revolving credit facility ('SSRCF'). The new debt facilities will replace the Group's previous debt facilities, with the GBP101m debt at 30 September 2022 to be repaid in full on 20 October 2022 when the new funds are to be drawn.

As of 30 September 2022, the Group's adjusted net debt ([2]) was approximately GBP72m, which is at the lower end of the previously stated FY22 year-end guidance of GBP70m-GBP90m following strong trading performance and cash generation.

Disposal of Turkish Business in line with the Group's strategy

The Group has continued to streamline its portfolio, in line with its strategy to focus on market leading events in advanced economies, and has entered into an agreement to sell Hyve Fuarcılık Anonim irketi and its subsidiaries ( the "Turkish Business") for consideration of up to GBP8m to ICA (JV) Limited.

The Group will receive consideration of GBP2m on completion, less customary working capital adjustments, and between GBP4m and GBP6m of deferred consideration , payable over the six year period until December 2028 based on the profitability of the Turkish Business.

The Turkish Business operates five events in Turkey and for the year ended 30 September 2021 reported a loss before tax of GBP0.7m. As of 30 September 2021, the Turkish Business had gross assets of GBP1.9m.

The Directors intend to use the proceeds to reduce the Group's net debt. Completion of the disposal is conditional on completion of the Group's refinancing announced on 3 October 2022.

The disposal of the Turkish Business, following the management buyout of Ukraine announced on 17 July 2022, completes the disposal in full of the Group's Eastern & Southern Europe division. Added to the exits from Russia and Indonesia earlier in the year, the Group has significantly reduced its exposure to more volatile countries and FX rate fluctuations.

The Group's operations are now more concentrated in advanced economies and its US presence has significantly increased compared to previous years. Approximately 30% of the Group's revenues are now generated in the US and therefore the recent strengthening of the dollar against sterling is expected to have a positive impact on the Group's results in FY23.

Strong forward bookings and growth in customer spend give confidence in the outlook for FY23

Positive trading momentum continues as the Group starts FY23, with forward bookings of approximately GBP68m giving confidence in the year ahead. This compares to GBP50m this time last year going into FY22[3], which included significant rollovers from events cancelled in FY21. The continuous improvement in trading performance is a testament to the Group's high-quality market leading events enhanced by the successful roll-out of the omnichannel strategy across the portfolio, despite challenges across the wider economic and geopolitical environment.

Uncertainty around running events in China remains, but the Group notes relaxation of the COVID-19 related rules on a region-by-region basis and currently plans to run a full schedule of events in China in FY23. China represents less than 10% of Group revenues.

Mark Shashoua, CEO of Hyve Group plc said:

"It is clear that our business has now almost fully recovered from the turbulence of the last two years, and in many cases, we are pleased to have delivered significant growth compared to pre-COVID performance.

"The continued growth of customer like-for-like spend reinforces our strategy of focusing on only market leading events as customers are clearly directing marketing budgets towards key events in their sectors.

In terms of our geographical focus, we continued to concentrate our capital on high growth industries in advanced economies. The sale of the Turkish Business announced today is another milestone in this direction. We are pleased to have found the right buyer who can offer the necessary investment and support to the team, along with regional expertise. I would like to thank all of the people in the Turkish Business and wish them the best in all of their future success."

"Looking ahead, we must of course remain vigilant/mindful of macroeconomic challenges, however we are optimistic about the next 12 months and this optimism is underpinned by strong forward bookings and an increase in like-for-like customer spend. We enter FY23 with a de-risked and concentrated portfolio of market leading events, clear opportunities for continued growth - both through analogue and digital - and our ever-present commitment and energy to make those a reality."

The Group will be publishing its preliminary results for FY22 on 13(th) December 2022.

[southernsong] 07/12/2022 10:23

I'll be looking in on this:


Notice of Full Year Results

Hyve Group plc, the next-generation global events business, will be announcing its full year results for the year ended 30 September 2022 on Tuesday 13 December 2022.

Mark Shashoua (CEO) and John Gulliver (CFOO) will be hosting an analyst briefing at 9.15am on 13 December 2022. A webcast of the presentation and the Q&A session will also be available. Please see below the webcast link and conference call details:


Webcast link: hxxps://kvgo.com/IJLO/Hyve_FY22_Preliminary_Results_Announcement
Dial in number(s): UK-Wide: [phone]
UK Toll Free: 0808 109 0700
New York New York: [phone]
USA Toll Free: 1 866 966 5335
Password: Quote 'Hyve' when prompted by the operator