Helloworld Ltd lifts pre-tax earnings guidance to $52m – $58m
Helloworld has just announced an upgrade to its current EBITDA earnings guidance from $47m to $51m to between $52m and $55m.
The travel company said the renewed forecast is on the back of approx $5.8 billion of Total Transaction Value (TTV), and comes despite a challenging trading environment “with continued airfare discounting and strong competition”.
“The synergy benefits previously identified from the Helloworld/AOT merger will all be delivered by end June with the full benefit of these flowing into FY18,” the company said.
HLO ceo Andrew Burnes “it is pleasing to see the combination of solid TTV, margin improvement, particularly in the wholesale division, and careful cost control delivering improved outcomes for the business”.
“Our agency network is reporting very strong trading in the March quarter and our own transactional businesses have all performed well,” he added.
More details in today’s issue of Travel Daily.