All that effort put into promoting the Helloworld Travel brand around Australia is seemingly paying off as the group reports a generous spike in transaction value over the last nine months.

In an ASX update, Helloworld Travel Limited reported its total transaction value reached $4.71 billion for the nine-month period ending 31 March 2019. This was an increase of $328.8 million compared to the same period the previous year.

Revenues were $260.5 million at a gross margin of 5.5 percent, up $19.3 million (eight percent) on last year. The Australian segment TTV was up 10.3 percent for the period including an 11 percent growth in retail.

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The New Zealand segment grew 2.4 percent, while the Rest of the World segment declined 8.3 percent but off a relatively small base.

Operating expenses increased $12.3 million (6.3 percent), resulting in an EBITDA of $54.9million, up $7.0 million (14.7 percent)on the same period last year.

The EBITDA to revenue margin was 21.1 percent, up on the previous years’ margin of 19.8 percent over the same comparative period.

Based on the company’s performance for the period to the end of March and forecast TTV, margin and cost outcomes for the remaining quarter, the company reconfirms its previously released full-year EBITDA guidance for FY19 of $76 million to $80 million.

 

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