An increase in online flight bookings, mobile bookings and the acquisition of a new business have contributed to a huge increase in Webjet’s total transaction value (TTV).
In total, the online booking platform saw its TTV rise to $1,226 million for the latest financial year – up 31 percent on the prior 12 months.
According to Chief Executive John Guscic, the company reported record transaction values every month last year, which was delivered by ongoing focus on ‘exceptional service and delivering customers greater convenience’.
International bookings on Webjet climbed by 35 percent despite a sharp decline in the Australian dollar, which impacted leisure bookings for other travel sellers.
Mobile bookings were particularly strong over the 12 months, with $68 million in sales made via a mobile phone, up from $26 million the prior year.
EBITDA for the group reached $27.9 million – up 20 percent on the prior period, which the group says was driven by the sale of Webjet Marketing USA and the acquisition of SunHotels.
Profit before tax (PBT) was up 10 percent to $23.2 million, while net profit after tax (NPAT) dipped 8.5 percent to $17.5 million due to a higher effective tax rate.
Guscic said the company is ‘delighted’ with the results, which met growth objectives.
“This outstanding result is due to the strong performances by all of our businesses during the year.”
John Guscic, Webjet Chief Executive