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Helloworld Travel Limited release 1H18 Half Year Results

February 20, 2018 Financial No Comments Email Email

Helloworld Travel Limited has this morning announced their results for the half year ended 31 December 2017.

Highlights for the half year include growth in TTV of 2.7% to $2.968 billion, earnings before interest expense, tax, depreciation and amortisation (EBITDA) of $35.5 million, an increase of $5.5 million (18.2%) compared with prior comparative period and profit before tax of $26.0 million, an increase of $7.3 million (39.2%) compared with prior comparative period.

Positive momentum for the Helloworld Travel Group continues to grow, with strong financial and operating performance demonstrated by the following key achievements:

o Growth in TTV, underpinned by ticketing volume growth.

o Strong EBITDA and net profit growth, in line with 2018 full year market guidance and business expectations.

o Improved underlying operating cash flow and a stable balance sheet.

o Strengthening and diversifying the retail network and expansion of the New Zealand member network.

o Delivering improved benefits for the member and agent networks, supported by continual growth in our brand recognition.

o Focusing investment on people and technology to enhance, our leisure and corporate customer travel solutions.

Helloworld Travel Limited has delivered a strong performance for the half year which is in line with the 2018 full year market guidance and business expectations.

The business has a solid foundation for sustainable long-term growth and is well positioned to continue the positive momentum into the second half of FY18 and beyond.

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