Corporate Travel Management reports strong H1FY2019, on track to achieve top end of guidance

    Corporate Travel Management (CTM) stated (20-Feb-2019) it is on track to achieve the top end of its previous guidance range following a “strong” H1FY2019 growth. CTM reported the following H1FY2019 financial highlights:

    • Total transaction value: AUD2952 million (USD2137 million), +31% year-on-year;
    • Revenue and other income: AUD212.2 million (USD153.6 million), +23%;
    • Underlying EBTDA: AUD64.6 million (USD46.8 million), +21%;
    • Underlying profit after tax: AUD42.6 million (USD30.8 million), +20%;
    • Total assets: AUD855.9 million (USD619.6 million);
    • Cash and cash equivalents: AUD74.2 million (USD53.7 million);
    • Total liabilities: AUD297.4 million (USD215.3 million).