Healthy growth posted across TTV, revenue and EBITDA for CTM.
Corporate Travel Management (CTM) has recorded a 179% increase in underlying EBITDA for the 12 months to 30 June 2023, driven primarily by acquisitions, new client wins and technology gains.
Results released this morning also show that revenue exceeded forecasts ($648m), with the business posting just over $660 million, up from $388.7 million in the previous period.
TTV was another big improver, up 77% from $5.07 billion to $8.95 billion, while client retention was revealed to be an impressive 97% for the period.
More details in today’s issue of Travel Daily.