HLO reaffirms underlying EBITDA guidance of between $64-72 million for FY24 despite noting lower revenue margins.
The top-line financial results for Helloworld are healthy for the six months to 31 December 2023, with TTV, revenue and profit after tax all increasing significantly on the previous corresponding period.
Propelled by a surging TTV result that rose by $994 million to $2.2 billion, after tax profits were lifted by more than 900% from $1.6 million to $16 million.
Helloworld noted that key drivers of growth during the period were strong demand for leisure travel from Aussies, a maintained trust in travel advisors, as well as increased airline and cruise capacity.
The company has also hailed the finalised integration of Express Travel Group as helping to achieve efficiencies across all core functions of the business.
More details in today’s issue of Travel Daily.