Helloworld Travel Limited results announcement

first_imgHelloworld Travel Limited results announcementHelloworld Travel Limited results announcement  Year ended 30 June 2017Highlights for the year ended 30 June 2017Total Transaction Value (TTV) of $5.9 billionEarnings before interest expense, tax, depreciation and amortisation (EBITDA) of $55.2 million, an increase of $29.9 million compared with prior yearProfit before tax of $31.0 million, an increase of $27.6 million compared with prior yearBasic earnings of 18.8 cents per share compared with 1.9 cents per share in the prior yearFinal dividend declared of 8.0 cents per share, bringing our total dividends declared for FY17 to 14.0 cents per share, compared with 2.0 cents per share in the prior yearWinner of the Best Travel Agency Group (Helloworld Travel), Best Domestic Wholesaler (Sunlover Holidays) and Best International Wholesaler (Qantas Holidays and Viva Holidays) at the July 2017 AFTA National Travel Industry Awards (NTIA).Strong, positive performance in the business continues with key achievements including:EBITDA growth for all segments against prior year.Implementation of $18.6 million merger synergies and annual cost savings by 30 June 2017, outperforming previously identified $17.1 million of annualised cost savings.During FY17, Helloworld Travel Limited achieved a strong business performance, growing revenue and significantly reducing its cost base, while integrating the Helloworld Travel and AOT Group businesses.Helloworld Travel grew its TTV to $5.9 billion, achieved solid revenue growth of 8.6% to $326.4 million via TTV growth and margin improvement through the full year impact of the AOT businesses as well as better supplier and partner contracting with a focus on profitable growth.Helloworld Travel has successfully implemented a significant business turnaround with a reported EBITDA of $55.2 million, an increase of 118% or $29.9 million from prior year. The net profit after tax attributable to members was $21.5 million, an increase of 1,116% or $19.8 million from prior year. As a result, our earnings per share was 18.8 cents, which enabled us to declare a final dividend of 8.0 cents per share to our shareholders, bringing our total dividends in FY17 to 14.0 cents per share, fully franked. In FY16, Helloworld Travel declared dividends of 2.0 cents per share, which was the first dividend payment since 2013.OutlookHelloworld Travel will focus on growing revenue and margins and continually extracting efficiencies in its operations and right sizing the cost base of the Group. Helloworld Travel remains focused on delivering for shareholders, agents, partners and consumers with the objective to future proof its agents and the business through technology, training, product and profile supported by the omni‐channel strategy.The outlook for Helloworld Travel is positive. Business fundamentals are heading in the right direction in all our key segments with demand for our integrated service offering continuing to develop and grow.Helloworld Travel expects to improve its current year performance in the year ended 30 June 2018 and is well positioned for sustainable long term growth. As a result, Helloworld Travel has provided earnings guidance for FY18 that its EBITDA will be in the range of $63.0 million to $67.0 million.About Helloworld Travel Limited• Helloworld Travel Limited (ASX: HLO) is a leading Australian & New Zealand travel distribution company, comprising retail travel franchise operations, destination management services (inbound), air ticket consolidation, wholesale, corporate and online operations. This includes “Helloworld Travel”, Australia’s largest network of franchised travel agents, as well as our Corporate, Associate, Affiliate and Travel Broker networks, Qantas Holidays, Go Holidays in New Zealand, AOT Inbound, ATS Pacific, QBT, Sunlover Holidays and Insider Journeys• “Helloworld Travel” is a nationwide network of independently owned and operated retail travel agencies offering Australia and New Zealand outstanding service, and the best value, tailor-made leisure and corporate travel experiences• HLO has over 2000 staff located in Australia, New Zealand, Fiji, the USA, South East Asia, India and UK/Europe• Helloworld Travel is the proud naming rights partner of Volleyball Australia and the Helloworld Travel Volleyroos men’s and women’s national teams• Helloworld Travel is a major sponsor of Basketball Australia and the Australian Boomers• Helloworld Travel is a major sponsor of the Carlton Football Club including “Carlton IN Business“Source = helloworldlast_img

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