- Underlying EBITDA fell to A$77.4 million, a decrease of 23% year-over-year (y/y) compared to A$100.7 million in the previous period.
- Net income totaled A$28.5 million, marking a 42% decline y/y.
- Underlying profit decreased to A$38.7 million, down 33% y/y.
- Underlying pretax profit dropped by 34% y/y to A$52.4 million.
- Total revenue reached A$339.6 million, down by 6.1% y/y.
- Australian and New Zealand (ANZ) revenue increased by 16% y/y to A$93.8 million, exceeding estimates of A$86.4 million.
- North American revenue grew by 6.9% y/y to A$159.9 million, surpassing the estimate of A$158.6 million.
- Revenue in Asia decreased by 8.3% y/y to A$29.7 million, falling short of the estimated A$34.5 million.
- European revenue witnessed a significant drop of 43% y/y to A$56.2 million, below the estimate of A$60.4 million.
- Total revenue and other income declined by 5.7% y/y to A$342.8 million.
- Interim dividend per share was reduced to A$0.100 from A$0.170 y/y.
- The company remains focused on a strategy aiming to double FY24 earnings per share within five years.
- New client wins as of February 14 totaled A$880 million, nearing the full-year target of A$1 billion.
- Current market recommendations include 6 buys, 10 holds, and 1 sell.
A look at Corporate Travel Management Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Corporate Travel Management Ltd., which offers corporate travel management services, received a generally positive long-term outlook based on the Smartkarma Smart Scores. With a strong Growth score of 5 and Momentum score of 4, the company appears to be poised for future expansion and has shown promising market performance. Additionally, its Value score of 3 indicates that the company is fairly valued in the market. These factors suggest that Corporate Travel Management may be a good option for investors looking for growth potential in the corporate travel sector.
Although the company’s Dividend and Resilience scores are lower at 2 and 3 respectively, the overall outlook remains upbeat. The services provided by Corporate Travel Management, including business travel advice, ticketing, and travel data diagnostics, position it well within the corporate travel industry. Investors may view this company as a promising opportunity for long-term investment given its strong growth potential and positive market momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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