It has just been revealed this morning that Helloworld Travel boosted its total transaction value 2.7% to $2.968 billion in the first half of the financial year.
The company cited this as one of its “biggest highlights” for the half year and said it was underpinned by ticketing volume growth.
Helloworld Travel’s EBITDA jumped 18.2% to $35.5 million and its pre-tax profit was up 39.2% to $26 million, an increase of $7.3 million compared with prior comparative period.
On the other hand, revenue was down 3.7% to $164.9 million.
The company said this was “mainly due to the prior comparative period, including revenue from the disposed air representation business, disposed company owned stores and the restructured Insider Journeys business.”
Excluding these factors, revenue decreased by $1.6 million or 1.0% reflecting the continued lower airfare prices and mix change across business units and products.
The Helloworld Travel retail network which is made up of 2065 members across Australia and New Zealand has grown by 50 members since 30 June 2017.
This growth is mainly due to an increase in the independent network, My Travel Group.
Helloworld Travel summed up its latest results by saying they had “delivered a strong performance for the half year which is in line with the 2018 full year market guidance and business expectations.”
“The business is well placed to continue the positive momentum into the second half of FY18 and is focused on growing TTV and improving revenue margins. The cost base continues to reduce as productivity and cost efficiencies are driven through the business to improve EBITDA margins.”