Corporate Travel Management has recorded a 23% lift in revenue for H1.
Corporate Travel Management (CTM) has just released its results for the six months to Dec 2018, achieving a 31% growth in Total Transaction Value (TTV).
The company achieved $212.2m in revenue and other income, up 23% on the prior corresponding period.
Underlying Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) was $64.6m, a 21% increase.
CTM Managing Director Jamie Pherous said “this strong performance reaffirms our clear strategy to build a global network by applying a high-quality growth business model”.
“We are confident we will continue to grow and develop as a business for many years to come,” he added.
More details in today’s issue of Travel Daily.