Helloworld Travel Limited has just announced its results for the half-year, with the company continuing to deliver strong growth across key business metrics.
For the half-year ended 31 December 2019, TTV increased 12.9% to $3.6 billion and revenue from 9.8% to $200.0 million led by business expansion.
Helloworld achieved an underlying EBITDA of $48.0 million, an increase of 14.8% or $6.2 million on the prior half-year and at an underlying EBITDA to revenue margin of 24.0% compared with 23.0% last half-year.
“Helloworld Travel has delivered a strong profit result and maintains a healthy balance sheet position that supports future expansion and agent network growth while providing positive outcomes for all our stakeholders.”
David Hall, Helloworld Travel Limited Chief Financial Officer
The Helloworld Travel Limited profit before tax was $32.9 million, an increase of 4.9% compared to the prior half-year. It was announced that a fully franked interim dividend of 9.0 cents per share would be paid.
Helloworld Travel Limited Chief Executive Officer, and Managing Director, Andrew Burnes said: “During the current half-year, Helloworld Travel benefited from business expansion and greater operational efficiencies to again deliver growth in TTV, revenue, underlying EBITDA and net profit after tax compared with the prior corresponding period.”
“The business continues to expand both organically and through business acquisitions, including TravelEdge, Show Group, and Williment Travel, while increasing both the scale and efficiencies in our existing businesses with strong investment in marketing initiatives and enhanced technology solutions.”
Andrew Burnes, Helloworld Travel Limited Chief Executive Officer, and Managing Director.
In the second half of FY20, Helloworld Travel expects retail leisure, wholesale leisure and corporate businesses will be impacted by COVID-19, with minimal growth, if any, compared to 2H19.
Click here for the full Half Year Results Announcement.
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