“Business positioned for future growth” – that’s the title of helloworld’s latest financial results (for the half year ended 31 December 2015) which were released today.
The results come just days after helloworld announced a significant restructure, including the departure of Chief Marketing Officer, Kim Portrate, and Jenny Macdonald, Chief Financial Officer and Company Secretary.
Kim Portrate, Chief Marketing Officer
According to the results, helloworld recorded a Total Transaction Value (TTV) of $2.43 billion for the period, which was a 5.4 percent increase over last year’s results, and an EBITDA of $8.1 million, down slightly by 3.2 percent.
Helloworld also managed to keep its operating costs relatively stable, at around $131 million, despite servicing the new and larger Whole of Australia Government contract and the costs incurred in the merger.
However, the results reveal the company recorded a loss of $1 million before tax, and a basic loss per share of 0.38 cents.
According to CEO and MD Andrew Burnes, the company is focused on growing its TTV and margin, whilst keeping firm on delivering exceptional service and support.
Furthermore, helloworld is committed to positioning the business for strong future growth by focusing on the Travel Management segment, launching the helloworld retail brand in New Zealand, and continuing to limit its costs and operating expenses.
“The markets in which we operate offer excellent long-term growth prospects. Our core businesses, retail, wholesale, inbound and travel management, are solid, and our entire business has a renewed focus on growth and margin.”
Andrew Burnes, CEO and MD, helloworld
Andrew Burnes, Chief Executive Officer and Managing Director of helloworld
The results and strategy moving forward are reminiscent of the significant changes Qantas has made over the years to improve their profit margin and overall business standing – which definitely look to be paying off, with the Flying Kangaroo recently recording $921 million in underlying profit before tax during the first half of the 2015/16 financial year.
That’s the most the airline has made in its entire 95-year history.
Helloworld recently merged with the AOT Group, making the travel company one of the largest in the country.
